E Point Zero, a global platform focused on specialised energy infrastructure and a subsidiary of Abu Dhabi-listed 2PointZero Group, has agreed to acquire a majority stake in Azura Power Holdings Limited, an established pan-African independent power producer. According to the company’s announcement, E Point Zero will hold 90% of Azura Power once the transaction completes. The deal is structured through an acquisition vehicle alongside Amaya Capital, Azura’s founding partner.
Azura Power currently manages an active development pipeline of more than 1.5 gigawatts of gas, renewable energy and battery energy storage system projects across multiple African markets, per the transaction statement. The platform also operates a total installed generation capacity of about 752 megawatts across three projects in Nigeria, Senegal and Mozambique. These include the Azura-Edo plant in Nigeria with 461 megawatts, Tobene in Senegal with 116 megawatts, and CTRG in Mozambique with 175 megawatts of capacity.
Gulf Capital Moves Into African Power Growth
Under the agreed terms, E Point Zero will acquire the ownership stakes of existing shareholders Actis and Africa50. Amaya Capital will retain a minority interest of 10%, keeping alignment with future growth of the platform it founded in 2010. As a result, the transaction reshapes the shareholder base around Gulf capital and a long-term African-focused sponsor.
Completion of the deal remains subject to customary regulatory approvals and closing conditions in the relevant African and international jurisdictions, as outlined in the official release. However, the buyer has already started to work through the approval process, according to disclosures in Abu Dhabi market filings. That timing places the transaction within a broader push by Abu Dhabi institutions to expand in energy, infrastructure and emerging market platforms.
What Does the E Point Zero Azura Power Deal Mean for Investors?
For investors, the acquisition offers a clear read-through on 2PointZero Group’s capital allocation strategy. The group recently exited its 7.29% stake in Abu Dhabi National Energy Company (TAQA) in June 2026. Its half-year results framed that exit as strengthening the balance sheet and giving more flexibility to pursue new core-sector opportunities. The pivot into Azura Power now channels that freed-up capital into a pan-African platform with both operating assets and a sizeable growth pipeline.
The transaction aligns with wider Gulf interest in African infrastructure, where dollar-linked power purchase agreements often anchor returns. Azura’s existing plants benefit from long-term contracts in markets working to expand grid reliability and industrial demand. The planned growth in gas, renewables and battery storage also fits with institutional appetites for diversified energy exposure, rather than single-technology bets.
The most telling line for investors may be this: E Point Zero is quietly building a global, contracted energy portfolio that marries Gulf capital with international cashflows. This strategy positions the platform to offer stable distributions while still providing growth through incremental project delivery.
By contrast with pure-play renewables funds, Azura Power’s mix of gas, renewables and storage leans into transitional energy themes, which remain central for African grids. Therefore, the deal can help the buyer balance risk, blending baseload gas generation with higher-growth renewables and new storage assets.
For policymakers and development financiers, the transaction shows how African power platforms can attract sizeable equity commitments from the Gulf when they combine scale, clear governance, and bankable offtake structures. As regulatory approvals progress, investors should watch how E Point Zero funds the pipeline, whether it brings in co-investors at project level, and how quickly new African assets move from development to operation.
Quick answers
E Point Zero is acquiring a 90% stake in Azura Power Holdings Limited, with Amaya Capital retaining the remaining 10% minority interest.
Azura Power operates approximately 752 megawatts of installed capacity across three projects: the 461MW Azura-Edo plant in Nigeria, the 116MW Tobene plant in Senegal, and the 175MW CTRG plant in Mozambique.
2PointZero Group exited its 7.29% stake in Abu Dhabi National Energy Company (TAQA) in June 2026, framing the move as strengthening its balance sheet and freeing capital to pursue new core-sector opportunities such as the Azura Power acquisition.
