,China

China Three Gorges Corporation poised to be China's biggest IPO for 2021

The firm plans to sell 8.57 billion shares.

State-owned power company China Three Gorges Corporation has received approval to list shares on the Shanghai stock exchange in what could be the biggest initial public offering in China for 2021, according to Bloomberg data.

The company plans to sell up to 8.57 billion shares however it did not specify how much it is planning to raise.

Last year, China Three Gorges Corporation said it planned to raise US$3.85b in Shanghai.

The company is said to be the largest hydropower company and China’s biggest clean energy producer. Its assets include solar farms, wind power plants and hydropower plants valued at over US$21.6b (CN¥140b).

The China Securities Regulatory Commission just approved applications for IPO last week including the application of China Three Gorges Corporation.
 

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The project aims to transmit renewable electricity from Australia to Singapore.
Onshore wind will take up 82% of China’s 408 GW new capacity between 2021-2030.
With producing green hydrogen costs set to drop, APAC is ripe for a hydro revolution.
The project consists of numerous ground-mounted solar installations currently in development.
ETS covered around 40% of China's 11,535 Mt CO2e emissions in 2019.
In a nutshell, the tips are to minimise total land use, optimise land assessment, and increase land of suitable land.
1.7% is the minimum amount of land needed for solar generation alone.
There is already a notice to proceed with the 50-MW Niigata East Port biomass project.
This plant will be powered using 3-GW solar and 500-MW wind energy.
This is despite the decline of new approvals for coal-fired powerplants in H1 2021.
The country’s share of solar and wind energy will remain consistent.
This will help the region deal with climate change challenges .
The developments of photovoltaic projects will consolidate the German firm's position in the country