State-owned China General Nuclear Power Group is looking to invest in wind and natural gas projects in the UK, according to General Nuclear International CEO Zheng Dongshan. The company has signed a memorandum of understanding with the UK government for an investment of £500m over five years into renewable energy projects. CGN is developing the controversial Hinkley Point C nuclear power plant and the Bradwell B site. It also has a stake in the Sizewell C facility.
State-owned China General Nuclear Power Group is looking to invest in wind and natural gas projects in the UK, according to General Nuclear International CEO Zheng Dongshan. CGN owns 0.3 GW of UK wind farms, and Zheng said the firm would "consider all avenues", including green-field project developments and acquisitions, with or without a partner. CGN is developing the controversial Hinkley Point C nuclear power plant and the Bradwell B site. It also has a stake in the Sizewell C facility.