China invests in Scottish offshore wind farm

Energy company China Three Gorges Europe, which is also called CTG EU, has invested 35 million pounds ($44.3 million) in a large Scottish offshore wind farm, which when completed will have the capacity to power one million homes.

CTG EU, which is controlled by China Three Gorges Corporation, acquired a 10 percent stake in the Moray East offshore wind project from Portuguese renewable energy company EDP Renovaveis.

The two companies signed an investment cooperation agreement in 2015 that gives CTG the option to acquire up to 30 percent of the project.