Li Ka-Shing’s CK Group Buys Wind Power Assets in Western Canada
Li Ka-Shing, left, is Hong Kong’s second-richest man.
Photographer: Justin Chin/BloombergThis article is for subscribers only.
A unit of Hong Kong billionaire Li Ka-shing’s empire has purchased two wind power facilities in the Okanagan region of British Columbia, Canada.
CK Group’s Canadian Power Holdings Inc. will acquire 100% of Okanagan Wind, which generates 30 megawatts of power from the two wind farms, according to a statement. The C$53.3 million ($41.7 million) deal includes the assumption of debt.