Caixin
Jan 18, 2019 07:21 PM
BUSINESS & TECH

Nuclear Giant Bulks Up on Brazilian Renewables

CGN Energy International Holdings Co. Ltd. has agreed to pay $774 million for three renewable-energy farms in Brazil. Photo: IC
CGN Energy International Holdings Co. Ltd. has agreed to pay $774 million for three renewable-energy farms in Brazil. Photo: IC

* Deal for three facilities, with a total installed capacity of 540 megawatts, is expected to close by the end of March

* CGN Energy has become one of China’s most aggressive buyers of overseas renewable-power generation assets, with plants in eight other countries

(Beijing) — China’s leading nuclear power company has agreed to buy three renewable-energy farms in Brazil, marking its first move into Latin America as it aggressively expands overseas in step with Beijing’s clean-energy priorities.

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