Max Hall
GCL-Poly making polysilicon at a loss as it piles up $3.36bn more in liabilities than assets
With the company’s up-for-sale project development business revealing extensive debt concerns yesterday morning, that revelation is only half the story.
GCL project development business has $1.6bn current liabilities deficit
The opening pages of the first-half update published on the Hong Kong exchange made all the right noises with the company set to be acquired by a Chinese state-owned entity. But the balance sheet makes for shocking reading.
Singyes threatens to pursue winding up costs against Deutsche Bank
The heavily-indebted Chinese BIPV manufacturer has warned the petition issued by the German lender to recover a disputed $6.27 million debt could threaten the survival of the business as it would halt a planned bail-out by Beijing.
Comtec Solar investors burned by falling stock price
Two subscribers who signed up to a 20% discounted shares subscription in mid June ended up yesterday paying almost the same percentage as a premium on the trading price of the stock.
Singyes finally publishes details of last year’s annus horribilis
The collapse in business for the solar EPC provider after last year’s 5/31 policy announcement by Beijing has left the company’s future depending on the progress of a Chinese state bail-out. Provided that is, the business does not end up being wound up by Deutsche Bank first.
Solargiga issues profit warning
The manufacturer has been unable to get its new mono ingot and wafer making facilities up to full speed and says the delay in confirming Beijing’s new solar policy this year also affected its bottom line.
All smiles as Canadian Solar quarterly figures PERC up
The module manufacturer and project developer struck a bullish tone as it announced further project sales, higher module selling prices, a transition to entirely PERC module output and ramped up production capacity.
China Power’s Hong Kong business on track for return to China
The High Court has approved plans for the Chinese state-owned power company to reassume control of its Hong Kong-listed solar project development business.
UK energy company loses license over unpaid renewables obligations
URE Energy repeatedly missed deadlines to settle a £209,000 bill after it failed to source enough of the electricity it supplied two years ago from renewable generation.
Daqo prepares for flood of new PV orders in China
The polysilicon manufacturer took a step back in the last quarter to take two steps forward in the next, bringing forward annual maintenance operations at its main production facility to prepare for a solar gold rush expected to start next month.
