CGN Buys Majority Stake In Three UK Onshore Wind Farms

China General Nuclear Power Corporation (CGN) has bought a in three of EDF Energy Renewables UK onshore wind farms.

The wind farms are Green Rigg, Rusholme and Glass Moor II.

EDF Energy Renewables will continue to own a 20% share in the three wind farms. It will also continue to run, maintain and operate the sites and provide asset management services for the new owners. Community benefits payments for each wind farm will also remain unchanged.


EDF Energy CEO Vincent de Rivaz said: "This deal is part of our continuing strategy to release capital to allow the development of other renewables projects in the UK.

"CGN made the best offer in a highly competitive auction and the deal shows their commitment to the UK and the strong relationship EDF Group has with them. EDF and CGN have worked together for 30 years and are engaged in ongoing discussions for the UK's first nuclear power station for a generation at Hinkley Point in Somerset."

(CD)