According to the National Energy Administration (NEA), China installed 61.21 GW of solar power in the first five months of this year, bringing the country’s cumulative installed solar capacity to nearly 392 GW by the end of May.
Long said it intends to issue Global Depositary Receipts (GDRs) on the SIX Swiss Exchange to qualified international investors and other investors who meet the relevant requirements. The company says the net proceeds from the offering will reach 20 billion yuan ($2.78 billion) and will be used to support its production expansion plans in China, Malaysia and Vietnam.
China Resources Power says it plans to list its subsidiary China Resources New Energy Holdings Ltd. on the Shenzhen Stock Exchange in the second half of 2023. The parent company will retain at least 70 percent ownership of CR New Energy, and will use the proceeds of the IPO for financing. for the development of several wind and solar power projects in China and for general working capital needs.