CSAIL acquires 100% of Alcazar Energy Partners

AEP is one of MENA’s leading independent renewable energy developers and producers.

China Three Gorges South Asia Investment Ltd (CSAIL), together with other consortium members, announces their acquisition of 100% of Alcazar Energy Partners (AEP), one of the Middle East and North Africa (MENA) region’s leading independent renewable energy developers and producers.

This transaction enables CSAIL to extend its business and gain exposure to the renewable energy markets in the MENA region.

According to a press release, in just under six years, AEP, headquartered in Dubai, built a portfolio of five solar and two wind projects in Egypt and Jordan. With a total operational capacity of 411 megawatts. The company has a proven track record of best-in-class project development, contracting, and operating capabilities and has played a leading role in the development of the renewable energy industry in Jordan and Egypt.

AEP’s established regional footprint, leading technology, and operational excellence, provide a solid foundation for CSAIL’s future expansion in the region and this transaction will enable significant growth through access to new markets and business opportunities across the wider MENA region.

Driven by investor demand, the MENA region’s renewable energy sector is exposed to strong structural growth trends, with 157 gigawatts of renewable energy capacity and an additional US$175b expected to be invested in the next ten years.

AEP Co-Founder and CEO Daniel Calderon said, “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 275,000 households and saving over 15.6 million 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.”

Financial advisors to CSAIL on this transaction were Natixis and its affiliates Vermilion Partners and EFG Hermes, while Allen & Overy LLP provided legal counsel.

Standard Chartered acted as exclusive financial advisor to Alcazar Energy Patners. Freshfields Bruckhaus Deringer LLP and Bracewell provided the legal counsel.