July 18 (Renewables Now) - China General Nuclear Power Corporation (CGN) has bought a 75% stake in the 650-MW North Pole wind project in Sweden, state news agency Xinhua said today. CGN has acquired the controlling stake from Australia’s Macquarie Group (ASX:MQG) and US conglomerate General Electric Co (NYSE:GE), according to the report, which did not mention a price. The particular plant is currently being built in Pitea and is expected to be completed by the end of next year, at which point it will become the largest single-site onshore wind farm in Europe. Xinhua quoted CGN CEO Liu Wei as saying that the group’s European energy arm has wind and solar power assets with a combined capacity surpassing 1 GW.
China General Nuclear Power Corporation (CGN) has acquired a 75% stake in the 650 MW North Pole wind project in Sweden, purchased from Australia’s Macquarie Group for an undisclosed sum. The deal is expected to be completed by mid-2018, with CGN taking over ownership of the project, which was originally planned as part of China’s