Chinese energy company buys into huge Swedish onshore wind project

Green Investment Group is ready to sell its stake in the huge Markbygden Ett wind farm project in Sweden after less than one year's ownership.

The majority of Sweden's enormous Markbygden Ett wind farm will be sold to Chinese buyers. China General Nuclear Power Corporation (CGN) has acquired a 75 percent share in the project, several media write, including the Chinese state-owned media bureau, Xinhua.

The transaction price is yet to be announced, however, CGN is buying into what it says will be Europe's largest onshore wind farm when completed. Specifically, the Markbygden Ett project will have capacity of 650 MW, which is only the first phase of the whole Markbygden project. The first phase of the total project will have capacity over 900 MW.

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