China General Nuclear Power (CGN) buys 70.8MW wind portfolio in France

06 November 2017 - 12:00 am UTC

China General Nuclear Power (CGN) has agreed to acquire a 70.8MW onshore wind power portfolio in France as part of its ongoing renewable asset buying spree in Europe.

China General Nuclear Power Europe Energy, the French subsidiary of the nuclear giant, signed the contract to buy out the Alize project from local renewable player VOL-V for an undisclosed amount, according to a statement by CGN released today (6 November). 

The project comprises five wind farms with a combined capacity of 70.8MW in northern France. They are the 20.7MW Coin Malo Wind Farm, which started operating in 2016, 12.5MW Le Tourette Wind Farm (2012), 10MW Le Moulin Cheneau Wind Farm (2009), 9.2MW Hocquélus Wind Farm (2010) and 18.4MW Les Vingt-Setiers Wind Farm (2011).

The deal will help the Chinese state-owned nuclear company lift its overall installed wind capacity in France to 280MW and that in EMEA to nearly 780MW.  

It will take over operation of the Alize project following the transaction and try to achieve the “economies of scale” in France with the enlarged portfolio of wind assets, the statement said.  

In 2014, CGN set up its renewable-focused European subsidiary CGN Europe Energy in France. In December that year, the Chinese firm won the bid to control eleven wind farms in France’s 89MW Fujin onshore wind project.

The overseas acquisition binge by the Shenzhen based company has seen it snap up Belgium’s largest onshore wind farm Esperance (81MW) and Ireland’s Douvan 23MW wind power project last year. 

CGN controls of about 9GW of overseas solar and wind assets in countries including Britain, France, Korea, Ireland and Australia. It is also the biggest independent power producer in Egypt and Bangladesh.