"China Longyuan Power Group Corp, plans to spend about 92 billion yuan ($13 billion) over the next five years to become the world’s No. 1 wind-power producer as global demand for clean energy increases.
The Hong Kong-listed company aims to install at least 16,000 megawatts of wind turbines in China and overseas by 2015, President Xie Changiun said in an interview after a climate conference in Beijing today.
The expansion plan comes as the Chinese government encourages the use of renewable energy to cut reliance on more polluting coal. The Beijing-based company in December raised a net HK$16.7 billion ($2.2 billion) from the sale of 2.14 billion shares in Hong Kong in the world’s third-biggest IPO by an alternative energy company."








