EDF completed the acquisition of a 37.5% stake in Dongtai IV and V offshore wind projects from CEI for $1.1bn.

EDF Energy, an integrated energy company, completed the acquisition of a 37.5% stake in Dongtai IV and V offshore wind projects from China Energy Investment, a state-owned mining and energy company, for $1.1bn. The deal was done through its EDF's subsidiaries EDF Renewables and EDF China “EDF Group, which benefits from a recognized global expertise in offshore wind, is very pleased to support China, first country for renewable market growth, regarding its energy ambitions in reducing CO2 emissions. Thanks to this partnership, EDF which is already present in China through its other businesses: nuclear, solar, onshore wind and energy services, is strengthening its footprint in this strategic market. This partnership is also part of EDF’s CAP 2030 strategy, the Group is aiming to double its renewables capacities worldwide from 28 GW to 50 GW net between 2015 and 2030," Bruno Bensasson, EDF Renewables CEO