Solar Power Provider CEEG Plans U.S. IPO

CEEG Nanjing PV-Tech, a Nanjing-based solar power equipment builder, plans to raise up to US$200 million from an IPO on the New York Stock Exchange (NYSE) this year.The company, which started production in 2005, joins other six Mainland solar power companies to raise funds via IPOs overseas. Trina Solar raised US$98 million in December last year on the NYSE.