View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 23, 2021

Alcazar Energy Partners acquired by CSAIL and partners

The acquisition is intended to help CSAIL expand its footprint in the Middle East and North Africa (MENA) region.

By Umesh Ellichipuram

China Three Gorges South Asia Investment (CSAIL), in consortium with other Chinese investors, has acquired Dubai-based renewable energy company Alcazar Energy Partners.

The deal is intended to help CSAIL expand its footprint in renewable energy markets across the Middle East and North Africa (MENA) region.

Alcazar Energy Partners has a portfolio of five solar and two wind projects located in Egypt and Jordan. The projects have a combined capacity of 411MW.

The company developed its portfolio over the course of six years.

Alcazar Energy Partners co-founder and CEO Daniel Calderon said: “In this short period of time, we have built the MENA region’s leading developer and producer of renewable energy.

“Our plants have helped develop the renewable energy industry in Jordan and Egypt, powering 275,000 households and saving more than 15.6 million tonnes of CO₂ whilst also making a strong contribution to economic growth and employment, particularly within the local communities.

“I am certain that CSAIL will continue to serve our customers in Jordan and Egypt according to the highest industry standards and accelerate the company’s growth journey in the region.”

CSAIL was created in 2011 by China Three Gorges Corporation (CTG) and China Three Gorges International Corporation (CTGI).

The company was founded with the aim of acquiring, developing, building, owning and operating renewable power generation projects, primarily in the Asian region.

For this transaction, CSAIL was advised by Natixis and its affiliates, Vermilion Partners and EFG Hermes. Allen and Overy provided legal counsel.

Standard Chartered acted as exclusive financial advisor to Alcazar Energy Partners, while Freshfields Bruckhaus Deringer and Bracewell served as its legal counsel.

Alcazar Energy Partners’s investors include BluStone Management and DASH Ventures, IFC, IFC’s Catalyst Funds and Mubadala Infrastructure Partners, as well as the company’s own management team.

The financial details of the deal have not been disclosed.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Power Technology