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.
wind General Nuclear Power Corporation ( CGN ) has acquired a 75 % stake in the 650 MW North ##shore wind project in Sweden , purchased from uk ’s Macquarie Group for an undisclosed sum . Located in Pitea , construction of the plant is expected to be completed by the end of 2019 , when it will become Europe ’s biggest single - site onshore wind farm .