China’s CTG expands Middle East presence with key solar and wind acquisitions in Jordan
Jordan Daily - China Three Gorges Corporation (CTG), through its subsidiary CTGI Renewable Energy Partners, has continued its expansion into the Middle East, with significant investments in Jordan’s renewable energy sector. Since August 2022, CTG has acquired several key projects, marking its entry into the region.
CTG's acquisitions include two wind power projects in Jordan: the Al-Shoubak Wind Power Project, with a capacity of 45 megawatts, and the Al-Rajef Wind Power Project, which generates approximately 86.1 megawatts. The company also acquired a solar power project in the Ma'an solar energy park, with a capacity of 24 megawatts. Combined, the three projects contribute around 150 megawatts of renewable energy to Jordan’s grid.
Dr. Mohammad Abu Atieh, Regional and Country Manager for Jordan at CTGI Renewable Energy Partners, emphasized the importance of a safe investment environment in Jordan, highlighting financial guarantees and sustainability as key factors for any international investor. He credited Jordan's commitment to honoring agreements with foreign investors, including the Power Purchase Agreement (PPA), which provides a framework for stable, long-term energy purchases.
"Since August 2022, we've been acquiring projects, but our ambitions extend further. We're looking to purchase more existing projects in Jordan," Abu Atieh said, noting that while the Jordanian government and the National Electric Power Company (NEPCO) have halted the development of new renewable energy projects due to grid constraints, CTG remains focused on acquiring and expanding existing projects.
In June 2023, CTG added four solar energy projects to its portfolio in Jordan, bringing its total number of renewable energy projects in the country to seven—five solar and two wind. These projects span from the north to the south of the Kingdom.
CTG’s expansion is not limited to Jordan. The company also acquired several solar energy projects in Egypt as part of the same acquisitions, although there were no wind power assets involved in Egypt.
Despite current constraints, Abu Atieh stressed CTG's ongoing collaboration with Jordan’s Ministry of Energy and Mineral Resources and NEPCO, stating that the company is prepared to implement Chinese technology on future renewable projects as opportunities arise.
Beyond financial investment, Abu Atieh underscored the company's commitment to regional development. "Our goal is not solely financial. We aim to develop the area as a whole, preserving local communities and creating new opportunities for the local labor market," he said. "We want every governorate to be a capital in its own right, not just Amman. By developing projects and training local workers, we are contributing to the growth of the labor market, not just in Jordan but across the region."
