{"id":292465,"date":"2010-02-08T08:46:34","date_gmt":"2010-02-08T13:46:34","guid":{"rendered":"http:\/\/greenenergyreporter.com\/?p=6146"},"modified":"2010-02-08T08:46:34","modified_gmt":"2010-02-08T13:46:34","slug":"china-huaneng-group-to-spin-off-wind-power-unit","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/292465","title":{"rendered":"China Huaneng Group to Spin Off Wind Power Unit"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/funding.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Funding\" \/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/wind.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Wind\" \/><\/p>\n<p>China Huaneng Group Corp., plans to spin off its wind power unit in a $1 billion initial public offering later this year, according to <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601130&amp;sid=ahBLWrVn5eCY\">a report in Bloomberg<\/a>.<\/p>\n<p>China Huaneng Group, based in Beijing, has hired Chinag International Capital Corp., Goldman Sachs, Macquarie Group and Morgan Stanley to put the IPO together, sources said.<span id=\"more-6146\"><\/span><\/p>\n<p>A state-owned enterprise, China Huaneng Group is the country\u2019s largest power producer. It has developed and operates more than 85 thermal and hydropower plants.<\/p>\n<p>The company <a href=\"http:\/\/cleantech.com\/news\/4865\/china-top-utility-breaks-ground\">plans<\/a> to bring the first 500 megawatts of its wind farm based in Jiuquan, Gansu Province early this year.<\/p>\n<p>The deal would be the second major IPO in the last several months after the China Longyuan Power Group <a href=\"http:\/\/greenenergyreporter.com\/2009\/11\/longyuan-power-group-locks-up-funding-from-billionaire-wilbur-ross\/\">attracted $2.2 billion in investments<\/a>, including $100 from American billionaire Wilbur L. Ross, in November.<\/p>\n<p>China is hot on wind, more than <a href=\"http:\/\/greenenergyreporter.com\/2010\/02\/china-plows-ahead-of-u-s-and-europe-doubles-wind-power-in-2009\/\">doubling its capacity in 2009<\/a>, according to the Global Wing Energy Council.<\/p>\n<p>A Goldman Sachs research report released last week also speculated that the Chinese government would increase its 2020 target for wind power capacity to 150 gigawatts, from 100 gigawatts.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/GreenEnergyReporter\/~4\/1BCZ9izw3Gw\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China Huaneng Group Corp., plans to spin off its wind power unit in a $1 billion initial public offering later this year, according to a report in Bloomberg. China Huaneng Group, based in Beijing, has hired Chinag International Capital Corp., Goldman Sachs, Macquarie Group and Morgan Stanley to put the IPO together, sources said. A [&hellip;]<\/p>\n","protected":false},"author":854,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-292465","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/292465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/854"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=292465"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/292465\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=292465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=292465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=292465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}