Allen & Overy (A&O), Khalifeh & Partners, and Sharkawy & Sarhan Law Firm have advised China Three Gorges South Asia Investment (CSAIL) on its purchase of 100 percent of shares of Alcazar Energy Partners, a Dubai-based renewable energy company, which was advised by Freshfields Bruckhaus Deringer and Bracewell.

Alcazar is a leading renewable energy company in Middle East and North Africa, owning five photovoltaic power stations and two wind power stations in Jordan and Egypt that reach a total installed capacity of 4.1 million megawatt. According to Bloomberg, the deal could value Alcazar at about $1 billion, including debt.

CSAIL is a wholly-owned subsidiary of China Three Gorges Corporation, which is the largest clean energy company in China. According to Bloomberg, the deal could serve as a springboard for China to increase clean energy investments in the Middle East, prior to which Chinese companies mainly invested in oil and gas in this region.

The A&O team was led by partners Ling Li, Benjamin Crawford and Yvonne Ho.

Walkers acted as CSAIL’s offshore lawyer in this deal.