China’s capacity to generate electricity from wind and the Sun will nearly triple to more than 1,200GW by 2030, as it increases the share of non-fossil fuels in its energy mix. Photo: Shutterstock Images
China’s capacity to generate electricity from wind and the Sun will nearly triple to more than 1,200GW by 2030, as it increases the share of non-fossil fuels in its energy mix. Photo: Shutterstock Images
IPO
Business /  Companies

China Three Gorges Renewables’ IPO receives strong response from investors eyeing gains from China’s carbon neutrality push

  • The company’s online retail tranche was oversubscribed 190 times, which has led it to allocate more shares to this portion
  • Investors are quite enthusiastic about the renewable energy sector, which is being encouraged by Beijing, analyst says

Topic |   IPO
Martin ChoiEric Ng
Martin Choi and Eric Ng

Updated: 4:48pm, 3 Jun, 2021

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China’s capacity to generate electricity from wind and the Sun will nearly triple to more than 1,200GW by 2030, as it increases the share of non-fossil fuels in its energy mix. Photo: Shutterstock Images
China’s capacity to generate electricity from wind and the Sun will nearly triple to more than 1,200GW by 2030, as it increases the share of non-fossil fuels in its energy mix. Photo: Shutterstock Images
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