China’s CGN to buy three small UK wind farms from EDF: source
PARIS: China General Nuclear Power Corporation (CGN) will buy three small UK onshore wind farms with a combined capacity of 73 megawatts from French state controlled utility Electricity of France (EDF).
CGN would buy three farms from EDF Energy Renewables, a 50-50 joint venture between EDF’s UK unit EDF Energy and EDF’s renewables unit EDF Energies Nouvelles.
The company has onshore projects totaling around 1000 MW in development. EDF Energy Renewables, which employs more than 80 people, operates 539 megawatts of wind capacity on 27 sites, which are all onshore, with the exception of the 62 megawatt Teesside offshore wind farm, the company said on its website.
Analysts estimated at more than 100 million pounds (126 million euros) for an 80 percent stake in the three sites near York, Newcastle and Peterborough.
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