China Muscles In on Middle East Renewables With Alcazar Deal

  • Date: 23-Aug-2021
  • Source: Yahoo News
  • Sector:Economy
  • Country:Middle East
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China Muscles In on Middle East Renewables With Alcazar Deal

(Bloomberg) --

China is making one of its biggest pushes yet into Middle Eastern renewable energy.

A group led by state power firm China Three Gorges Corp. is buying Alcazar Energy Partners, a Dubai-based wind and solar developer. The announcement on Monday confirmed a Bloomberg News report last week.