Solar provider ready for Wall Street IPO

Chinese panel maker and solar energy solution provider ET Solar is in talks with investment banks to raise $250 million through an initial public offering in the US, CEO Dennis She said on Monday in Nanjing in East China.

"As the company has made considerable achievements in global engineering, procurement and construction (EPC) and solar power plant solution services, we want to transform it into a 100 percent downstream solar-station construction and operation entity, based on our expertise and strong financing ability in the global market," She said.

ET Solar, based in Nanjing, Jiangsu province, developed and completed 130-megawatt solar plants last year, the most powerful of all the Chinese plants, and it aims to raise that number to 300 megawatts in 2014, She said.