Could it be that the world’s largest emitter of greenhouse gas is the same country that spends more on green technology than any other country?
Shares of Suzlon Energy Ltd. (BSE: SUZLON.BO), India’s largest wind turbine manufacturer, are trading down two percent today after the company issued a statement denying that Spain’s Gamesa Corporacion Tecnologica, SA (OTC: GCTAF.PK) may buy a majority stake in the company for about $1.9 billion.
Meanwhile, Sinovel Wind Group Co., China’s largest wind turbine manufacturer, announced Tuesday it plans to raise up to $1.4 billion in an initial public offering (IPO) of its shares on the Shangai exchange.
A123 Systems, Inc. (NASDAQ: AONE) shares were down 10 percent in early trading today after reporting disappointing Q3 (ended September 30, 2010) financial results at the market close Tuesday. The quarterly financial results overshadowed the company’s announcement from earlier Tuesday that it will supply lithium-ion cells to SAIC Motor Corp., China’s largest domestic automaker, for use in an electric vehicle.
China’s second-largest wind turbine manufacturer plans to raise US$1.2 billion through an initial public offering in Hong Kong.