Filed in archive IPOs by Greg Cruey on June 15, 2007

Solar energy companies may have saturated the stock markets of the world with new offerings, but China High-Speed Transmission Equipment Group seems to think there's still room in the world for investment in other forms of alternative energy.

China High-Speed Transmission Equipment Group makes gears for windmills. The company currently has a hold on 90% of the windpower market in China and is looking at an IPO on the Hong Kong Stock Exchange, according to the Bloomberg news service.

About one out of every 500 megawatts of electricity in China is currently generated by wind technology. The government of China would like to expand wind energy production. China High-Speed Transmission Equipment Group's IPO could raise about HK$2 billion (US$256 million) to help finance growth of the industry.

General Electric currently has a five percent stake in the gear maker and has an option to increase that stake through this IPO. The stocks will be available through retail offering June 20-25. Trading on the HKEX begins July 4.

Related Entries:

Canada's Largest Wind Farm - 27 November 2006
SCE Acquires 1500 MW of Wind Energy - 30 December 2006
How to Cut the Cost of Wind Power - 27 February 2007
Aggressive Wind Energy Targets for the US - 15 May 2007

« Sponsored Post: Search Te... | Main | COSCO to Float IPO in Sha... »

Permalink: Next Up: Wind Energy

Tags: China HighSpeed Transmission Equipment Group ipo

Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/75762

Addthis

Ask

Blinklist

del.icio.us

Digg

Fark

Facebook

Google

Lycos

Ma.gnolia

Mr Wong

Netscape

Netvousz

Newsvine

StumbleUpon

Slashdot

Tailrank

Technorati

Wink

Yahoo

Vote for Next Up: Wind Energy:

Currently 10.00/10
1
2
3
4
5
6
7
8
9
10

Rating: 10.00 out of 1 vote(s) cast.

Add your response to Next Up: Wind Energy:

Name: *

Email: (will never be shown)*

URL:

(* marked fields are required)

Notify me if more comments appear?

Subscribe to China Venture News newsletter? (Newsletters are sent out weekly).

Remember me

Security Code: *
(Please help us to sort out spam.)

Please enter your comment here: (Sorry, no HTML is allowed - URLs will be made clickable automatically if you add http:// to your URL.)

We welcome your comments, however all comments are moderated. Offensive or off-topic comments will be deleted and not displayed.

Share It

Use the search to look for other interesting posts

Contributors (Last 90 days)

Donald Greg (3)
Greg Cruey (10)
Creative Weblogging (4)

This site has 538 entries and is powered by Creative Weblogging since July 2005.

ChinaVentureNews seeks news contributions

If you are an analyst, tech company, private equity firm, service provider or entrepreneur with news to share related to China venture capital send us your relevant news release.

CVN will post it to our site. We reserve the right to edit the copy because of space limitations, and to make summaries of the release when appropriate-- although a full copy of the release will always be linked to.

Thank you!

Please simply use our form here.