CGN nears 228MW Irish wind deal
Chinese outfit preferred bidder for Gaelectric portfolio
China General Nuclear Power (CGN) has been appointed as the preferred bidder in the sale of Gaelectric’s 228MW portfolio of Irish wind assets.
The Chinese outfit will take a majority stake in the operational and under-construction wind farms in the Republic and Northern Ireland once the process has completed, it is understood.
Gaelectric put the portfolio, which features 175MW in operation and a further 53MW in construction, up for sale in the summer
Rothschild is running the sale for the Dublin-based developer which expects to have some 400MW of wind in operation by the end of 2017.
Gaelectric declined to comment.