China's SunTech Power looks to list on NYSE

According to this article from Reuters, China's SunTech Power is planning to raise $350 m in an IPO in New York.

The company is already big by solar standards, in the top 10 of manufacturers, with a capacity of 120 MW per year. It would appear to be very well placed to profit from China's greater appetite for alternative energy - just boosting the renewables target for 2020 from 10% to 15%. China's new renewable energy law comes into force at the beginning of next year.