Private equity firm Terra Firma Capital Partners has selected China Huadian Corp as the preferred bidder for the UK wind power business of Infinis Energy Plc, Bloomberg said last week, citing sources.
According to the informed people, the Chinese state-owned company is holding talks to buy the business for USD 500 million (EUR 453m) but is currently assessing the impact of the Brexit vote.
At present, Infinis runs 16 onshore wind parks in the UK totalling 274 MW and is developing a further 170 MW, information on its website shows.
(USD 1.0 = EUR 0.905)
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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.