China's biggest IPO this year looks to be in renewable power

Chinese state-owned power company China Three Gorges' renewable power subsidiary is planning what could become the country's largest IPO this year. The move is meant to both help fund offshore wind developments and reduce the group's leverage.

Photo shows the parent utility's Three Gorges Dam in Central China's Hubei province. | Photo: Liu Junfeng/AP/Ritzau Scanpix

BY KRYSTAL CHIA, BLOOMBERG NEWS

China Three Gorges Renewables Group Co. is set for an initial public offering that could be the biggest in the country this year after securing regulatory approval.

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