China’s CTG buys renewables assets in Europe and Middle East
State-owned China Three Gorges accelerates overseas buying spree in wake of $3.6bn IPO
Chinese stated-owned energy giant China Three Gorges (CTG) has increased its renewable energy presence in Europe and the Middle East with two acquisitions in the last week. A consortium led by state-owned China Three Gorges South Asia Investment has acquired Dubai-based wind and solar developer Alcazar Energy Partners, which operates 411MW of wind and solar capacity in Egypt and Jordan, for an undisclosed sum. In Europe, CTG has acquired 450MW of wind and solar capacity spread over two portfolios in in the Castilla-Leon region of Spain from Spanish family-owned Corporacion Masaveu and Belgian investor Korys for €500mn ($586mn). 861MW – CTG acquired renewables capacity in latest two dea
Also in this section
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity