Wind-Power Equipment-Makers Post Record Sales as Subsidies Die Down
China’s wind power equipment makers posted record sales last year, as the country took steps to boost contributions from non-fossil fuel power sources and builders scrambled to set up new wind farms with the looming expiration of government subsidies.
Many companies noted in their annual reports that sales were being buoyed by the rush to build new wind power farms to take advantage of subsidies that ended last December for land-based projects and separate subsidies that will end later this year for sea-based projects.
“The countdown is on for national subsidies. The year 2020 was a rush for land-based wind power. And 2021 will become a rush for sea-based wind farms,” said Ming Yang Smart Energy Group Ltd. (6016015.SH), whose annual report showed its sales last year rose 132% to equipment with 5.7 gigawatts (GW) of capacity.
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The Republic of Congo has launched a public bond offering "EOCG 6.25% NET 2021-2026 ” which aims to raise 100bn CFA francs, at a net interest rate of 6.25% and a maturity of five years.
On 2 December 2020, GardaWorld published an offer document (the Increased Offer Document ) setting out the terms of its increased cash offer, made through its wholly-owned subsidiary Fleming, to acquire the entire issued and to be issued share capital of G4S plc ( G4S ) (other than the G4S Shares already held by Fleming) (the CashOffer ). On 22 February 2021, GardaWorld announced that the Cash Offer was final and will not be revised. As at 1.00 p.m. (London time) on 16 March 2021 (being the closing date of the Cash Offer), Fleming had received valid acceptances in respect of a total of 1,127,991 G4S Shares, representing approximately 0.07 per cent. of the issued share capital of G4S, which Fleming may count towards the satisfaction of the Acceptance Condition. So far as Fleming is aware, none of these acceptances have been received from persons acting in concert with Fleming.
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The Republic of Congo has launched a public bond offering. The operation “EOCG 6.25% NET 2021-2026”, which aims to raise 100 billion CFA francs, has a net interest rate of 6.25% for a maturity of 5 years. The offering period will be from March 12 to March 20, 2021.
In accordance with the announcements of the Congolese Ministry of Finance and Budget, represented by Minister Calixte Nganongo, the Republic of Congo officially launches its “EOCG 6.25% NET 2021-2026 ” bond offering to the amount of 100 billion CFA francs, at a net interest rate of 6.25% and a maturity of 5 years. The securities will be listed on the Central African Market Exchange (BVMAC). The offering period is open from March 12 to March 20, 2021.