China government has a national mandate to bring down the carbon emission and improve the energy efficiency (See Article from Chinatells). Therefore green energy projects are a welcome concept in the community of investment (See Article from Economist). Longyuan Power, China’s biggest wind power producer, got subscribed over eight times on the IPO in Hong Kong. Longyuan Power enjoys a great deal from government support to secure the electricity price, and also they are a beneficiary of the current carbon credit trading system. However, it is very expensive to build wind power stations and the company’s cash flow is expected to be negative for the next 3 years. Whether such project can take off still remains to be seen.