Breaking News! Huadian New Energy 's $18bn IPO approved

On May 16, the official website of the China Securities Regulatory Commission showed that the registration application for the initial public offering of shares by Huadian New Energy Group Co., Ltd. was approved by the China Securities Regulatory Commission and will be issued and listed on the main board of the Shanghai Stock Exchange.

Huadian New Energy is the only platform for the final integration of China Huadian's new energy business, mainly wind power generation and solar power generation. The company's main business is the development, investment and operation of new energy projects mainly wind power generation and solar power generation.

According to the prospectus, Huadian New Energy plans to build a wind power generation and solar power generation capacity of 15.1655 million kilowatts, covering 23 provinces (autonomous regions and municipalities) across the country, with a total investment amount of 80.446 billion yuan, far exceeding the scale of 18 billion yuan in raised funds. Huadian New Energy stated that if the actual net amount of funds raised cannot meet the investment needs of the raised projects, the gap will be solved by the company's self-financing.