CK Infrastructure Holdings (CKI), part of the business empire of Hong Kong tycoon Li Ka-shing, recently acquired 32 onshore wind farms in the UK for approximately £350 million. This marks CKI’s third utility asset purchase this year, further expanding its international presence.
The consortium, led by Li’s infrastructure and energy flagship, includes CK Asset Holdings and Power Asset Holdings, with each holding varying percentages of the acquired portfolio. This strategic move aligns with CKI’s focus on sustainability initiatives and contributes to its efforts in combating climate change.
The wind farms, totaling 175 megawatts in installed capacity, are located in England, Scotland, and Wales. CKI expects stable cash flow and recurring profits from revenue sources such as government subsidies, power purchase agreements, and selling power to the market.
In addition to this recent acquisition, CKI previously invested in a natural gas network company and renewable power-generation assets in the UK. The company’s profit contributions from Europe and Australia outperform those from Hong Kong and mainland China, showcasing its global success.