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Three Gorges unit preps $3.5bn IPO to push Xi's clean energy agenda

Largest Chinese listing in a year to raise money for offshore wind power

HONG KONG -- State-owned China Three Gorges, best known as the operator of the world's largest hydroelectric power plant, is preparing to list a wind and solar power subsidiary in Shanghai in what would be the country's biggest domestic IPO in more than a year.

The move comes as Chinese companies, especially state-owned energy groups, announce plans to advance President Xi Jinping's promise that the country achieve carbon neutrality by 2060.

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