(Yicai Global) Nov. 25 -- Chinese clean power giant CGN Wind Energy has raised CNY30.5 billion (USD4.8 billion), the largest amount secured by a non-listed Chinese company this year, according to The Paper.

It was also the biggest-ever equity financing exercise in the country’s new energy and power sector, the report said. Fourteen investors acquired a 33 percent stake in Beijing-based CGN Wind Energy, a subsidiary of China General Nuclear Power.

State Grid, the National Social Security Fund, China’s four largest banks and some large insurers were among the investors. CGN Wind Energy completed the deal at the China Beijing Equity Exchange today.

The funds raised will be used to develop various businesses, including wind power and photovoltaic reserve projects, the report said.

CGN is China’s largest nuclear power company and the third largest in the world. Its assets total more than CNY840 billion (USD131.5 billion) and new energy has become its second pillar industry after nuclear power.

Editor: Tom Litting