China’s ET Solar Plans $250 Million Power-Plant Unit IPO in U.S.

ET Solar Group, a Chinese solar-panel maker, plans an initial public offering for its project-development unit in the U.S. to raise $250 million.

ET Solar Energy Corp. targets the share sale by the first quarter of 2015 after “seeing more positive signs from the U.S. capital market on solar downstream companies,” Chief Executive Officer Dennis She said in a phone interview from the company’s Nanjing headquarter yesterday.