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Green IPO: Chinese Wind Heavyweight Goldwind gets approval for $1.5 billion Hong Kong Listing

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China has massively increased its wind installations to become the world’s second biggest market in 2009 . It has also managed to cultivate its local home grown industry to join the ranks of top 10 world turbine makers. Foreign dominance of China’s wind market has completely disappeared as the share had declined to 5%. Now Chinese wind equipment makers are spreading their wings outside their overcrowded home market with APower planning a massive wind farm in Texas.Both Sinovel and Goldwind which are the two largest wind equipment producers are planning IPOs to raise more capital and increase their visibility. Goldwind which was planning a HK listing since January has got regulatory approval to raise $1.5 billion in Hong Kong making it one of the biggest green offerings in the world this year .

China’s Longyuan Power Group Corp., the country’s biggest wind power producer managed a very successful IPO raising more than $2.6 billion in HongKong in December 2009 . 2 other big Chinese electricity utilities (Huaneng  Group and Datang group) are thinking of raising money from the market as well by spinning off their renewable energy units.Would be interesting to see if China manages to dominate wind like it has done in solar.

Goldwind says China regulator approves HK listing – Reuters

Chinese wind power producer Xinjiang Goldwind Science & Technology Co said on Monday that China’s stock regulator had approved an offering of up to 454.59 million overseas shares, as it prepares for a Hong Kong IPO that could raise up to $1.5 billion.

The listing still requires approval from the Hong Kong exchange.Goldwind, which is already listed on the mainland’s Shenzhen stock exchange, said in October it planned to float shares in Hong Kong. China has sought to encourage expansion of renewable energy production


Sneha Shah

I am Sneha, the Editor-in-chief for the Blog. We would be glad to receive suggestions, inputs & comments on GWI from you guys to keep it going! You can contact me for consultancy/trade inquires by writing an email to

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  1. Boris

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