Max Hall
GCL wants to sell 977 MW solar portfolio to pay down debt
The Hong Kong listed polysilicon manufacturer is selling off solar assets to fund its thirst for production capacity expansion. The proposed sale would net the company almost $290 million to reduce its debt pile.
China reveals details of first 15 GW of grid parity solar
Some 168 projects will be developed across 16 provinces free from central government subsidy. The fact the average capacity of such projects has tumbled indicates Beijing’s plan to accelerate the arrival of subsidy free solar may be on track.
GCL subsidiary commits to give $500,000 to parent companies – after banking around $493,000 from them
The latest stock market update from Hong Kong enables investors with sufficient patience to follow the money merry-go-round at the polysilicon producer.
Daqo raises margin by doubling down relentlessly on costs
The Chinese polysilicon producer appears to be navigating a steady path to much bigger output without loading too much debt onto its shoulders – no wonder it feels able to cock a snook at its rivals.
One Belt, One Road, lots more GCL sales
The chairman of GCL System says Beijing’s pan Asian-African-European infrastructure initiative is helping the company reduce its dependence on its domestic market.
Hanergy Thin Film shareholders vote through share swap deal – just
The Chinese solar manufacturer is set to transfer independent shareholders’ stakes into a special purpose vehicle while one of its affiliate businesses seeks a listing on Beijing’s A-share index. Inevitably, though, the process has not been a smooth one.
EBRD investment marks further commitment to Turkish renewables
The European Bank for Reconstruction and Development has acquired a $100 million stake in a Turkish renewable energy company as part of its ongoing efforts to diversify clean energy in the country away from hydro power.
Grim news for REC Silicon as U.S. raises trade war tariffs to 25%
With the deadline set by the Trump administration for avoiding a rise in further penalties on Chinese imports having passed without resolution last night, the Ministry of Commerce in Beijing reportedly warned of countermeasures, a threat which will raise fears among members of the Norwegian firm’s U.S. workforce.
REC Silicon moves nearer shutdown of US polysilicon facility
The company has reported declining revenues and increasing losses in its first-quarter update. A plan to reduce polysilicon production will begin in a week’s time and if access to the Chinese market is not restored, a complete shutdown could be in place by the end of June.
Flat out: PV glass maker pulls out the stops to expand production
Flat Glass wants shareholders to back a $213 million convertible bond issue to provide the cash to raise its PV glass production capacity to 1.65 million tons per year. The company has already ramped up output so fast it is running short of funds.
