CGN enters South America's lucrative clean energy market

China General Nuclear Power Corp, one of the country's largest nuclear power companies, has signed an agreement with Italian energy giant Enel for a 100 percent equity purchase of its Gamma new energy project in Brazil, a sign that CGN is entering the clean energy market in South America.

The Gamma project, located in the northeastern part of Brazil, has a total installed capacity of 540MW, including two solar energy projects totaling 450MW and one 90MW wind power project, said the company.

With another clean energy project to be agreed soon, which the company has not revealed the details of so far, CGN is expected to become the fifth-largest clean energy power generator in Brazil, it said.