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bananas

(27,509 posts) Mon Dec 15, 2014, 08:56 PM Dec 2014

China's nuclear giant grabs majority stake in UK wind farms

Source: Mining.com

State-owned China General Nuclear Power (CGN) is acquiring an 80% stake in three UK wind farms from French utility Electricite de France (EDF), in a deal worth about $157 million.

The deal marks CGN's first big acquisition of onshore wind generating capacity in the west and, according to the Chinese group, it will be the "beginning of concrete co-operation between CGN and EDF in Europe,” Recharge News reported.

The move, analysts agree, may help the talks involved in construction of the Hinkley Point nuclear project, which EDF plans to build by 2023.

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CNG, China’s largest nuclear firm, currently generates 55% of the country output from 11 plants.

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Read more: http://www.mining.com/chinas-nuclear-giant-grabs-majority-stake-in-uk-wind-farms-92303/

Note: Nuclear is only 2% of China's electricity, CNG generates 55% of that, roughly 1% of China's electricity.

http://www.iaea.org/PRIS/CountryStatistics/CountryDetails.aspx?current=CN

China, People's Republic of

Electricity Production Share in 2013

Annual Electrical Power Production
Total Electricity Production (including Nuclear) 5245110.00 GW.h (Gross, 2013)
Nuclear Electricity Production 110710.00 GW.h (Gross, 2013)

5 replies

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China's nuclear giant grabs majority stake in UK wind farms (Original Post) bananas Dec 2014 OP

beginning of cooperation? umm No. beginning of China controlling western energy suppliers nt msongs Dec 2014 #1

I still don't see how energy isn't a national security issue, Erich Bloodaxe BSN Dec 2014 #2

Sounds like they are taking their responsibility as the new world leader seriously. Good. n/t jtuck004 Dec 2014 #3

Can they choke the wind generated power down to increase support for building nukes? peacebird Dec 2014 #4

Hey, that's where I want to live, on an Island where China is in charge of the nuclear ladjf Dec 2014 #5

msongs

(67,406 posts)

1. beginning of cooperation? umm No. beginning of China controlling western energy suppliers nt

Reply to bananas (Original post)

Mon Dec 15, 2014, 08:58 PM

Dec 2014

Erich Bloodaxe BSN

(14,733 posts)

2. I still don't see how energy isn't a national security issue,

Reply to bananas (Original post)

Mon Dec 15, 2014, 09:00 PM

Dec 2014

and why countries let other countries own the means of production of the energy they need unless they simply have no choice in the matter. We've seen with Putin how coercive Russia is able to be on countries that are largely dependent upon Russian oil and natural gas. That should be a wake-up call to all countries that they should be working on state-owned renewable power sources.

jtuck004

(15,882 posts)

3. Sounds like they are taking their responsibility as the new world leader seriously. Good. n/t

Reply to bananas (Original post)

Mon Dec 15, 2014, 10:40 PM

Dec 2014

peacebird

(14,195 posts)

4. Can they choke the wind generated power down to increase support for building nukes?

Reply to bananas (Original post)

Tue Dec 16, 2014, 08:03 AM

Dec 2014

That's what I fear they want.... Why allow China to control your countries energy supply?

ladjf

(17,320 posts)

5. Hey, that's where I want to live, on an Island where China is in charge of the nuclear