
Sinovel to get wind power funding from IPO proceeds
Sinovel will use thew proceeds of its IPO sale to build more wind power-installed capacity. It also intends to fund a research program on wind-power capacity of more than three megawatts.
Sinovel Wind plans to kick-start pre-marketing for its $519.2-million IPO in Shanghai. It plans to issue up to 105.1 million shares.
The company expects to price the IPO by Jan. 7.