CGN Buys Belgium's Largest Onshore Wind Plant for Undisclosed Amount
Yicai Global
/SOURCE : Yicai
CGN Buys Belgium's Largest Onshore Wind Plant for Undisclosed Amount

(Yicai Global) Sept. 30 -- China General Nuclear Power Corporation, one of China's largest nuclear power groups, has inked an agreement with WindVision Belgium S.A. in Paris to acquire Esperance, a wind power project with the largest onshore windfarm in Belgium.

The Esperance project has an installed capacity of 81 megawatts, with the power of a single generating unit rated at 7.5 megawatts. It has the onshore wind power generators that have the largest installed capacity per generator in the world. Neither CGN nor WindVision disclosed the specific amount of the transaction.

A subsidiary of the Chinese nuclear corporation, CGN Europe Energy is responsible for the takeover. It was established by the parent group in France in 2014 and is mainly engaged in the investment and acquisition of renewable energy projects in Europe such as offshore wind power, onshore wind power and solar energy.

CGN now controls more than 8,700 megawatts of holding capacity of new energy outside China, mainly in South Korea, the UK, France, Australia, Malaysia, Egypt, Bangladesh, UAE and several other countries.

CGN is one of the Chinese energy companies with the largest holding capacity overseas. It is also the biggest independent power producer in Egypt and Bangladesh, and the second-biggest in Malaysia.

The Belgium-based WindVision company has wind farms and parks in Belgium, Cyprus, France, and Serbia.

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