2PointZero subsidiary buys majority of Azura Power
2PointZero Group, listed on the Abu Dhabi Securities Exchange, announced that it has signed an agreement to acquire a 90% majority stake in Azura Power Limited. The company is currently completing the necessary procedures to finalize the deal, which requires approval from regulatory authorities. Azura Power operates a total effective capacity of 752 MW across three projects in Africa, and owns development projects exceeding 1.5 GW in areas including gas, renewable energy, and battery energy storage. The acquisition aims to strengthen the company's investments in the energy sector and to expand its presence in African markets.
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