Abu Dhabi’s Global South Utilities (GSU) has acquired a 51% stake in renewable energy company 40Capital, which focuses on run-of-the-river hydroelectric projects in the Commonwealth of Independent States (CIS), with an emphasis on Kyrgyzstan.
The acquisition, signed during Abu Dhabi Sustainability Week 2026, marks GSU’s entry into the Kyrgyz market and extends its operations within the CIS region.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
This move is also GSU’s first involvement with run-of-the-river hydro technology within its portfolio.
GSU managing director and CEO Ali Alshimmari said: “This investment reflects GSU’s continued commitment to expanding clean, reliable energy solutions across emerging markets, while diversifying the technologies through which we deliver impact.
“The run-of-the-river hydro projects are a natural complement to our portfolio, particularly in regions where water resources can support stable, long-term power generation.”
40Capital, established in Abu Dhabi, United Arab Emirates, develops and operates hydro projects to supply electricity to remote communities.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIts initiatives in Kyrgyzstan are aligned with national objectives to enhance energy security by utilising local hydrological resources.
Alshimmari added: “Kyrgyzstan represents a strategic entry point into the CIS, building on our momentum in central Asia and reinforcing GSU’s role as a platform for Global South and emerging-market energy investment.”
GSU, part of Resources Investment in Abu Dhabi, intends to support the growth of 40Capital’s portfolio using its expertise in energy infrastructure development and financing across emerging markets.
Following the acquisition, 40Capital will retain its current management team and continue focusing on project development and partnerships throughout the CIS.
The company is expected to leverage GSU’s technical and financial resources while maintaining its operational approach.
In September last year, GSU opened the 50MW Noor Chad solar photovoltaic plant in N’Djamena, Chad’s first utility-scale solar facility.
