Abu Dhabi's 2PointZero unit acquires 90% stake in Africa's Azura Power
A unit of Abu Dhabi's 2PointZero Group is acquiring a controlling stake in African power generation company Azura as it continues to expand its global portfolio of specialised energy infrastructure assets. The investment holding company will acquire a 90 per cent stake in Azura Power Holding through its wholly owned subsidiary ePointZero, which will give it access to some of the largest energy…
Abu Dhabi's 2PointZero Group is acquiring a 90% stake in Africa's Azura Power through its wholly owned subsidiary ePointZero. This investment allows ePointZero to access major energy markets across the continent. The deal also involves Amaya Capital, which will retain a 10% minority interest. Completion of the transaction depends on regulatory approvals and closing conditions.
2PointZero's managing director, Mariam Almheiri, stated that this acquisition strengthens their presence in a region where energy demand, economic growth, and long-term opportunity are closely aligned. Azura Power, a key independent power producer in Africa, has 752 megawatts of operational capacity across Nigeria, Senegal, and Mozambique.
It generates around 10% of grid baseload power in each of these countries, with long-term power purchase agreements in place. The company also has an active development pipeline of over 1.5GW of projects, which could triple operational capacity in the coming years. This acquisition comes as electricity demand across Africa is expected to nearly double by 2040, while access remains at roughly 55% in Sub-Saharan Africa.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Abu Dhabi's 2PointZero unit acquires 90% stake in Africa's Azura Power thenationalnews.com
