The stock exchange agreed in China on the entry of Al-Ahwan Renewable Energy Company China Three Gorges Renewables Group The largest public introduction in China this year.
According to Arab Net, the unit of Al-Jawthen's three renewable energy, is planned to sell up to 8.57 billion shares in Shanghai, according to the newspaper submitted to the Shanghai Stock Exchange, without giving valuable funds to be collected.
The state-owned company received written consent from China's securities regulator, according to a statement issued by the Securities and Chinese Regulation Committee on Friday.
Last year, the company announced its pursuit of 25 billion yuan ($ 3.85 billion) in a preliminary public offering. / p>
The parent company is the largest hydropower company in China, the largest clean energy company in China, according to the company's website, estimates the total value of the renewable energy unit - especially solar farms and wind power, as well as small water power plants - more than 22 billion $.
The company was scheduled to be issued on May 10, and the company will be used to finance maritime wind and liquidity financing projects.
The insertion comes at a time when China's renewable ambitions increased, amid its target to reach the peak of carbon emissions by 2030 and carbon union by 2060.
Wind power plants have doubled at a record 2020, and solar energy facilities are expected to record this year.
