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 Pitea, purchased from Australia’s Macquarie Group for an undisclosed sum. Located in Sweden, 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.