Spanish solar company T-Solar is looking to do an initial public offering to raise cash to grow its generation capacity and finance its international expansion, including in the U.S.
Credit Suisse is advising T-Solar on the potential listing and has organized a road show for the company to assess investor interest, reports Dow Jones News.
In the Solar space Solyndra, the California maker of the California maker of thin-film photovoltaic cells, has also filed for an IPO that could be worth up to $300 million. Goldman Sachs and Morgan Stanley are underwriting that offering
While some companies — like T-Solar or Solyndra — are confident equity markets can finance their growth, some renewable energy companies are having second thoughts.
Last week Chinese silicon wafer maker JinkoSolar withdrew its IPO plans, citing “poor market conditions,” reports Reuters. Last month, also after failing to ignite investor interest, Daqo New Energy, a Chinese manufacturer of polysilicon for solar panel makers, also canceled its IPO.