According to the company, the Anshun II project had a complicated and suboptimal ownership and operating structure, and CLP decided to divest its stake in order to rationalize and consolidate its asset ownership in coal-fired projects in the Mainland.

Andrew Brandler, CEO of CLP, said: “The company will continue to explore investment opportunities and develop projects in the Mainland, which have synergy with existing investments or relationships. We will also continue to pursue clean energy projects in the renewable energy and nuclear power sector to support the Mainland’s national clean energy policy.”

Upon completion of the sale, CLP will own approximately 4,600 equity MW of generating capacity in the Chinese Mainland, of which about 900MW are from renewable energy projects.