China Three Gorges completed the acquisition of Alcazar Energy.

China Three Gorges, an investment holding company, completed the acquisition of Alcazar Energy, a renewable energy company. Financial terms were not disclosed. “We are proud of what we have achieved at Alcazar Energy Partners with the support of our investors, lenders and local governments over the past six years. 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 275k households and saving over 15.6m tons 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,” Daniel Calderon, Alcazar Energy Co-Founder and CEO.