CK Infrastructure Holdings Ltd., led by Hong Kong tycoon Victor Li, has reached an agreement to acquire a portfolio of wind farms in the UK from Aviva Plc’s asset-management division. This move comes as CKI contemplates a secondary listing in London among other potential venues.
The deal is valued at approximately £350 million ($450 million) and includes 32 onshore wind farms located across England, Scotland, and Wales.
The wind farms, which are owned by Aviva Investors, have a total installed capacity of 175 megawatts and a net attributable capacity of 137 megawatts. The acquisition is expected to deliver immediate returns, stable cash flows, and consistent profit contributions for CKI. This strategic purchase aligns with CKI’s ongoing expansion in the renewable energy sector.
CK Infrastructure Acquires £350 Million UK Wind Farm Portfolio in Push for Renewable Expansion and London Listing
The consortium involved in the acquisition also includes CK Asset Holdings Ltd. and Power Assets Holdings Ltd., which will hold 40% and 20% stakes in the portfolio, respectively. The transaction is anticipated to be finalized by late September. Barclays Plc served as the advisor to CKI, while Credit Agricole SA’s corporate and investment banking unit advised Aviva Investors on the deal.
Following the announcement, CKI’s shares experienced a decline of up to 2.1% to HK$55.55 in Hong Kong. Despite this drop, CKI’s stock has risen nearly 31% this year, reflecting a strong overall performance. The company has been actively pursuing growth in the UK renewable energy market.
This acquisition marks CKI’s third infrastructure investment this year, following its previous purchases of Phoenix Energy and Powerlink Renewable Assets. CKI is also considering a secondary listing in London, potentially becoming one of the first to benefit from the new listing regulations in the British capital. An additional listing could enhance the market presence and trading opportunities for CKI’s shares.
