Investors embrace wind and solar power newcomers

Wind turbine makers Goldwind and Ming Yang raise $917 million and $350 million respectively, while Trony Solar pockets $223 million.

One of the IPO themes that has been keeping investors busy over the past couple of weeks has been renewable energy in China, with no fewer than three deals that fit that description pricing at the end of last week and another one set to close on Wednesday.

The industry is in focus as Beijing plans to invest more than $700 billion over the next decade into wind, solar, nuclear and other clean energy technology and has said it wants at least 15% of its energy to come from renewable sources by 2020. And global investors are seemingly keen to participate in the anticipated growth. However, there are signs that they are being selective about...

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