In August 2016, CYPI joined hands with CTG Europe in acquiring 100% of the equity of BCP Lux, a wholly owned subsidiary of BCP Meerwind Cayman Limited, which is affiliated to the Blackstone Group and indirectly holds an 80% stake in WindMW GmbH. Since then, CYPI holds 30% of the shares of BCP Lux, which marks the first overseas investment project of CYPC.
The Meerwind Project is one of the largest offshore wind power projects that has been put into operation, the first offshore wind power project of Germany completely certified by Det Norske Verita, and is also the first offshore wind power project in the world which has received investment-level credit rating. The total installed capacity of Meerwind Project is 288 MW, with the annual power generation of about 1.3 TWh. The project can bring stable cash flow to CYPC during its operation period.
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