Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

companies

HOME > Company


CGN completes acquisition of Europe's largest single-site onshore wind farm

July 19, 2018


Abstract : China General Nuclear Power Corporation (CGN) has acquired 75 percent shares of a Swedish wind power project from Macquarie Group and GE.

中广核

GUANGZHOU, July 19 (Xinhua) -- China General Nuclear Power Corporation (CGN) has acquired 75 percent shares of a Swedish wind power project from Macquarie Group and GE.

The North Pole wind power project, located in Pitea, Sweden, is the largest single-site onshore wind farm in Europe. It is expected to be fully installed and operational by the end of 2019 with a capacity of 650,000 kilowatts.

CGN, the largest nuclear power operator in China, set up CGN Europe Energy on June 30, 2014, in France, focusing on a variety of businesses including investment, acquisition, development, and operation of European renewable energy projects in the fields of offshore and onshore wind power as well as solar power.

Currently, CGN Europe Energy has purchased and independently developed over one million kilowatts of wind and solar power assets, among the six largest clean energy operators in France, said Lu Wei, CEO of the company.

The successful acquisition of the Swedish project is a major step for the corporation, which is aimed at the Nordic market, Lu added.


Related Coverage

Focus

Think Tank

  • The Chinese Race to Artificial Intelligence

    August 10, 2018

    China is no longer just a manufacturing power, but a technologically advance...

  • Made in China 2025 and the Belt and Road Initiative

    August 10, 2018

    The industrial policy of “Made in China 2025” clearly focuses on innovatio...

  • Trump cannot push back China with $113m

    August 8, 2018

    Although the “Belt and Road Initiative” has caused some worries and rebou...

  • Beijing’s maritime gifts

    August 7, 2018

    Beijing seems to be strengthening its capacity building at sea.

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial