Huaneng Renewables IPO

Huaneng Renewables returns with scaled-down IPO

Wind power producer Huaneng Renewables seeks up to $951 million and secures $415 million from 13 cornerstone investors, including CIC and Temasek.
<div style="text-align: left;"> China’s share of energy from renewable non-fossil sources will rise to 15% by 2020 (AFP) </div>
<div style="text-align: left;"> China’s share of energy from renewable non-fossil sources will rise to 15% by 2020 (AFP) </div>
May 27, 2011

Huaneng Renewables is returning to the market today with a scaled-down deal after calling off a Hong Kong initial public offering in December last year.

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