China Longyuan Power

China Longyuan seeks US$312m in share sale

Longyuan plans to invest half the proceeds from selling new shares in onshore wind power generation projects on the mainland. Photo: Xinhua

Mainland wind power producer China Longyuan Power said yesterday it would raise up to US$312 million selling new shares, joining the rush among liquidity-thirsty firms to place shares following the recent strong run of the Hong Kong market.

Friday, 14 December, 2012, 5:01am

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Longyuan plans big increase in offshore wind farms

The wind farm industry is trying to shift focus away from the windy northern regions which suffer from power transmission bottlenecks, and towards coastal areas. Photo: AFP

China Longyuan Power, Asia's largest developer of wind farms, aims to raise its offshore generating capacity fivefold by 2015, despite technical challenges and the large capital required.

26 Nov 2012 - 2:24am