CGN buys into Swedish power project

China's major nuclear power operator, China General Nuclear Power Corp, has acquired a 75 percent stake in a wind power project in Sweden, according to a statement from CGN on Tuesday night.

CGN Europe Energy signed an agreement with Australian energy company Macquarie Group and US-based General Electric Co to purchase the majority stake in Sweden's North Pole wind power project, the largest onshore wind farm in Europe.

The North Pole project, the largest single-site onshore wind installation in Europe, is expected to have 179 wind turbines that will deliver 650 megawatts of power and provide power for 400,000 families.