Huadian renewables unit 'set for $800m Hong Kong IPO'

Fuxin New Energy expects to list on the stock exchange by the third quarter of this year, sources told Bloomberg.

Huadian, one of China’s ‘big five’ state-owned utilities, had 3.2GW of installed wind capacity at the end of 2011 according to its website, making it one of the nation's largest wind developers.

Fuxin New Energy secured approval for an IPO from the Ministry of Environmental Protection (MEP) in November last year.

According