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

  • BRI offers S. China's Guangxi greater development op...

    December 10, 2018

    BRI has offered Guangxi greater opportunities for development, and allowed i...

  • Climate change and the G20

    December 10, 2018

    The G20 Leaders' Summit 2018 will be a milestone in humankind's global clima...

  • EU plan won't stop Chinese investment

    December 6, 2018

    Once the final mechanism of the screening framework comes into force, the EU...

  • 5G more deserving of investment than transportation

    December 6, 2018

    while improving traditional transportation infrastructure, the central gover...

  • 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