goldwind

Strong demand for the Chinese wind turbine manufacturer gives a clear indication that there is still appetite for renewable energy, even though Chinese green energy companies have struggled in the overseas primary markets this year.

The Chinese manufacturer of wind turbine generators becomes the fifth major company to cancel or delay an Asian listing since the beginning of May.

The manufacturer of plastic pipes aims to raise up to $337 million to expand its production capacity amid continuing volatility in global equity markets.

Xinjiang Goldwind could benefit from China’s renewable energy push, but may face headwinds from the current equity market.