China Yangtze Power: Buys German Offshore Wind Power Project
BCP Meerwind Luxembourg is a wholly-owned unit of BCP Meerwind Cayman Limited, and the latter is a unit of Blackstone.
China Yangtze Power International (Hong Kong) and China Three Gorges (Europe) will hold 30% and 70% of BCP Meerwind Luxembourg after the deal is closed.
BCP Meerwind Luxembourg holds 80% of WindMW GmbH, an offshore wind power project in Germany, through BCP Meerwind Germany GmbH, a wholly-owned subsidiary.
The WindMW project is located in German Bay, North Sea and covers 42 square kilometers; with an installed capacity of 288MW, the project came into commercial operation in February last year.
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