Hong Kong business conglomerate CK Infrastructure Holdings is acquiring 32 UK onshore wind farms of Aviva plc’s investment management subsidiary Aviva Investors, according to the South China Morning Post.
The reported £350 million deal is expected to close in September and comprises wind farms across England, Scotland and Wales with 175 megawatts of installed capacity.
“This acquisition bolsters CKI’s position in meeting the challenges of climate change by driving the sustainability transition, adding to CKI’s existing sustainability initiatives ranging from renewable gas generation and distribution to waste management and recycling to smart heating, [and] energy- and water-consumption tracking devices,” a statement published by the SCMP read.
CK Hutchinson, which is chaired by Victor Li Tzar-kuoi, son of billionaire Hong Kongese magnate Li Ka-shing, has acquired a swathe of renewable assets in 2024, including UU Solar in May for £90 million.