EDF Energies Nouvelles has acquired a majority stake in UPC Asia Wind Management (AWM) which develops and builds wind projects in China and has currently over 1.3GW under development, construction or operation in China.
Following this acquisition, EDF Energies Nouvelles owns an 80% stake in the UPC AWM holding, based in Hong Kong. Its partners UPC China, a longstanding local developer, and the US-based investment fund Global Environment Fund (GEF) remain shareholders with a 20% share of the company.
