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Green IPO Watch- Goldman Sachs Group Inc. (NYSE:GS) Invests in Chinese Solar Company, Himin Solar Energy Group
POINT ROBERTS, WA and DELTA, BC— December 12, 2008 -- www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, reports on Goldman Sachs Group’s (NYSE:GS) investment in Chinese solar company, Himin Solar Energy Group.
Himin Solar Energy announced a $100 million investment from Goldman Sachs and CDH Venture, with plans to go public in the future, but no specific time line.
About Himin Solar Energy: http://www.himin.com/english
“As a large-scale privately run and joint-stock group, Himin Solar Energy Group has become not only the largest solar water heater and vacuum tube manufacture base in the world but also a solar industry cluster integrating R&D, test, manufacture and marketing of solar photoelectric products, solar thermal products, solar vacuum collector tube, solar energy building, Winpin energy- saving glass and so on. Himin Solar Energy Group has more than ten branch institutes both at home and abroad including Solar Water heater Factory, Vacuum Collector Tube Factory, Electronic Equipment Factory, Winpin Energy- saving Glass Company, Photoelectric Business Department, ECS Business Department, ODIC Business Department, Engineering Company, Solar Energy Realty Company, Central Research Academy, Nanjing Electronic Graduate School, European Research& development Center and so on. Himin Group undertakes and participates in four national “863”project, one national “Torch Plan”project, one national “Double Highness and One Excellence”project, owns more than 300 patents.”
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