China Three Gorges buys Dubai-based wind, solar developer Alcazar
A consortium led by state-owned China Three Gorges South Asia Investment (CSAIL) has completed a deal to acquire Dubai-based wind and solar developer Alcazar Energy Partners (AEP). The deal will give CSAIL a vital foothold in the renewable energy markets in the MENA region. Financial details weren’t disclosed.
AEP, whose investors include a fund linked to Abu Dhabi’s Mubadala Investment Co., Dubai-based BluStone Management Ltd. and the World Bank’s International Finance Corp., has built a portfolio of five solar and two wind projects in Egypt and Jordan, with a total operational capacity of 411 MW.
Country updates
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August 25, 2021
Thyssenkrupp to conduct technical study for Green hydrogen and green ammonia project in Kizad
Thyssenkrupp has been awarded a contract to perform a technical study for a new green hydrogen and green ammonia project in Kizad by the Emirati company Helios. A water electrolysis plant as well as...
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July 05, 2021
BESIX reaches financial close on 200 MW Al Warsan 2 Waste-to Energy project
BESIX has achieved financial close on the Dubai Waste-to-Energy project, a USD1.2 billion public-private partnership. The Dubai Waste-to-Energy plant was procured by Dubai Municipality. With an annua...
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June 28, 2021
Shanghai Electric reports progress on 950 MW Phase IV of Mohammed bin Rashid Al Maktoum Solar Park
Shanghai Electric has announced that the first molten salt tank hydro test for the Parabolic Trough Plant-II (PT2) of the fourth phase of Mohammed bin Rashid Al Maktoum Solar Park was carried out succ...
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June 17, 2021
Bee'ah and Chinook Sciences to build first waste-to-hydrogen project in UAE
Emirati waste management company Bee'ah and British waste-to-energy company Chinook Sciences have signed an agreement to co-develop a waste-to-hydrogen project in the United Arab Emirates. With...
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May 24, 2021
Siemens Energy and partners inaugurate green hydrogen project at Mohammed bin Rashid Al Maktoum Solar Park
Siemens Energy, in collaboration with Dubai Electricity and Water Authority (DEWA) and Expo 2020 Dubai, has inaugurated the first industrial-scale, solar-driven green hydrogen facility in the Middle E...
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