According to a Financial Times report, which cited people close to the matter, the wind projects are situated close to York, Newcastle and Peterborough.
Following the sale, EDF will continue to hold the remaining stake of 20% and operate the turbines.
This deal may help China General Nuclear Power’s negotiations in the construction of the Hinkley Point nuclear project, which will be constructed by EDF by 2023.
CGNP is China’s biggest nuclear power generator and at the end of August 2014, it operated 5GW of wind farms in addition to 500MW of solar power and 1.47GW of hydro power.
CGNP commenced trading last week following the sale of 8.83 billion shares, with each share priced at HK$2.78. This is believed to be Hong Kong’s biggest IPO in two years.
