• China Three Gorges (Europe) S.A.

    The business in Europe of CTGI is conducted mainly via China Three Gorges (Europe) S.A. It currently holds 21.35% shares of EDP, owns the 288 MW operational offshore wind farm in Germany, and has constructed the 18MW solar power pilot project in Greece. By the end of June 2016, its equity controlled installed capacity reached 5.85GW in Europe and is carrying out the early phase work of 2.65 GW offshore wind in Germany, UK and France.

    Portugal: In December 2011, after two bidding rounds, CTG acquired 21.35% of EDP-Energias de Portugal, S.A. (EDP) shares with 2.69 billion Euro and thus becoming the largest single shareholder of EDP, which was the first time a Chinese company became the major shareholder of a European electricity company. Since then, EDP has been enjoying a good operating performance. The cooperation has been going on smoothly and a lot was achieved in co-developing third party countries, which won compliments from the local citizens, Portuguese government, EU and IMF, etc. It is an important milestone in enhancing the bilateral trade and cooperation.

    In June 2013, CTG acquired 49% shares of the wind assets of EDP Renováveis Portugal, S.A. (EDPR PT), which was the first time that CTG entered European renewable energy market in cooperation with EDP after the acquisition.

    Germany: In July 2016, CTG acquired 80% of the shares of Meerwind Offshore Wind Power Project through bidding, which was the first time a Chinese company controlled shares of an overseas operational offshore wind project. The wind farm is located in the North Sea, 53 km from mainland with a total installed capacity of 288 MW. It was fully commissioned in February 2015. It is one of the largest operational offshore wind farms in Germany, the first offshore wind farm which was accredited by DNV, and the first project of its kind given an investment grade credit rating.

    Greece: CTG Solar Power Pilot Project in Greece is by far CTG’s only overseas project that was approved, invested, constructed, and commercially commissioned within one year.

    Poland: By the end of December 2015, ACE Investment Fund LP, established by CTG, signed investment agreement with EDP for the Poland Onshore Wind Power Project. By the end of October 2016, the transaction of the project is closed. The total installed capacity is 468 MW and all the units are in operation. CTG holds 49% of the shares.

    United Kingdom: CTG and EDP signed CTG and EDP Investment Cooperation Agreement in Respect of Moray Offshore Renewables Limited. It was officially listed in the agreement achievements of President Xi Jinping’s UK state visit to the UK, making CTG the first Chinese enterprise to enter world leading offshore wind market.

    Italy: By the end of December 2015, ACE Investment Fund LP, established by CTG, signed the investment agreement with EDP for the Italy Onshore Wind Power Project. By the end of October 2016, the transaction was closed. The total installed capacity is 130 MW, all the units are in operation. CTG holds 49% of the shares.