Latest news with #onshore
Bloomberg
2 hours ago
- Business
- Bloomberg
China Earnings Pose Risks to Nascent Rebound in Onshore Stocks
China's corporate earnings growth likely slowed or was stagnant in the second quarter as the US ratcheted up trade tariffs, signaling that the latest results season may not offer much in terms of good news for stock investors. Profits at firms listed onshore probably grew at a slower pace than the 3.5% year-on-year growth seen in the first three months of 2025, according to China International Capital Corp., one of the country's biggest brokerages. Earnings estimates for CSI 300 Index members over the next 12 months are down more than 1% since March 31 after rising for two straight quarters, data compiled by Bloomberg show.
Bloomberg
18 hours ago
- Business
- Bloomberg
Bridgewater Grows More Bullish on China Stocks After 14% Return
Bridgewater Associates is more bullish on Chinese stocks after government stimulus in response to US tariffs helped boost its onshore China fund by 14% in the first half of the year. Bridgewater's onshore China unit said in its second-quarter investor letter that its view as of June 30 on Chinese equities is 'moderately increase' relative to the All Weather strategic allocations, citing policy support and relatively low valuations.
Bloomberg
a day ago
- Business
- Bloomberg
Chinese Investors' FX Pile Hits $1 Trillion Amid Low Local Rates
Chinese corporates and households boosted their foreign-currency deposits last month to the highest in three years, as they shunned the yuan on bets domestic interest rates will remain low. Total foreign-currency deposits onshore rose to $1.02 trillion in June, the highest since March 2022, according to data from the People's Bank of China released Monday. The net increase in the first half of the year was $165.5 billion, the biggest jump in data going back to 2005.
Yahoo
02-07-2025
- Business
- Yahoo
NeXtWind secures €1.4bn for wind energy growth
NeXtWind has secured €1.4bn ($1.6bn) in debt financing to modernise and expand its onshore wind farms in Germany. The deal includes an additional €1.3bn ($1.5bn) through accordion facilities. With this funding, NeXtWind aims to upgrade more than half of its existing wind farms by 2028, boosting their capacity beyond 1GW. Since its inception in 2023, NeXtWind has become a key player in renewables by acquiring and enhancing older wind farms via repowering using new technology. The company currently operates 37 onshore wind farms with a combined capacity of 450MW. With the current 1.4GW repowering capacity set to finish by 2026, they are poised to supply green electricity annually to about one million households. The company plans to expand generation capacity up to 3GW by 2028 through financed projects and new greenfield developments among other initiatives, as part of its medium-term strategy. NeXtWind Co-CEO Lars B Meyer stated: "This financing is a significant milestone for NeXtWind and testament to the confidence in our business model. 'Thanks to this novel platform approach, we can optimise our wind farms more quickly and accelerate our growth. In the long term, we aim to transform them into state-of-the-art, integrated hubs that can generate, store and distribute energy from various renewable sources in a grid-friendly manner at the right time – all in one place.' The comprehensive loan package is designed with five core components catering specifically to different financial needs associated with repowering such as acquisition term loans and versatile guarantee lines. This paves the way for scaleable infrastructure solutions financing within the renewable energy sectors. Lazard played a pivotal role as exclusive financial advisor throughout this process while Deutsche Bank took charge as global coordinator alongside ING Bank who acted as green loan coordinator along with facility and security agent duties. LBBW also participated significantly as underwriters, mandated lead arrangers and bookrunners on the transaction. "NeXtWind secures €1.4bn for wind energy growth" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
