Nitol Solar, a Russian-based company that makes high-purity silicon for the solar industry, is planning a listing on the London Stock Exchange – a move expected to value the company at about $1bn (£511m).

The plan, due to be announced on Monday, illustrates the extent of global investor interest in renewable energy. This is one of the few sectors to remain attractive in relation to new public listings in the aftermath of recent stock market turbulence.