The China CEE Investment Co-operation Fund (China CEE Fund) will buy about 7.26 million newly-issued shares in PEP, giving it stakes in various operating companies of the group.
PEP said the Chinese investment will mainly be used to push forward with 380MW of onshore wind farms it plans to put into operation by the end of 2016.
Of that total, PEP said 67MW is already under construction with work on another 37MW starting this month.
PEP
