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Two China new energy firms eye $2 billion in IPOs

HONG KONG (Reuters) - China Huaneng Group Corp and Datang Corp, the country's top power producers, plan to float shares of their renewable energy units in Hong Kong in offerings that could raise over $2 billion, sources close to the deals said on Tuesday.

HONG KONG (Reuters) - China Huaneng Group Corp and Datang Corp, the country's top power producers, plan to float shares of their renewable energy units in Hong Kong in offerings that could raise over $2 billion, sources close to the deals said on Tuesday.

The deals are unfolding as China aggressively develops its renewable energy sector and the nation's biggest power firms look to boost investment in the industry to drive future growth.

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