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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

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