Beijing-based Longyuan is the renewables arm of state-controlled China Guodian, one of the country’s ‘big five’ electrical utilities. Longyuan’s 2.9 gigawatts (GW) of installed wind capacity account for nearly one quarter of China’s total, and make it the fifth-largest generator in the world.
Details of Longyuan’s upcoming IPO were first leaked to the press months ago, with the company initially reported to be seeking HK$5bn.
