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.