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GCL on verge of cross default over $500m senior notes

The polysilicon manufacturer yesterday extended the deadline for postponing settlement of the investments until Friday – with the notes set to expire on Saturday.

Chinese solar developers scramble to pay down debts

Shunfeng International is already overdue on debts of $381 million and a deadline for investors holding GCL-Poly senior notes worth $500 million to agree to postpone payment is due to expire today as the company prepares to vote on a $309 million, 430 MW solar project sell-off.

GCL dilutes stock as senior note deadline approaches

Parent company hopes to raise $535 million from the move with $500 million worth of three-year senior notes owed by its solar project business due to mature on January 30.

The dash to glass

Hong Kong-listed solar company Irico New Energy is preparing to shunt its non solar glass business units into Chinese state-controlled parent Irico Group so it can treble its PV glass production capacity in 2024 with the help of a four-line, $108 million manufacturing facility.

Chinese PV Industry Brief: Longi, Jinko and JA Solar expect their combined capacity of 182mm modules will reach 54 GW next year

At a conference held in Shanghai last week, the three Tier-1 manufacturers explained that the entire Chinese PV industry will continue to adapt to the 182mm wafers over the next months.

Chinese PV Industry Brief: Module manufacturers call on government to ease PV glass limits

China’s largest PV manufacturers claim limits placed on solar glass production two years ago, to prevent over production, are now causing an industry bottleneck.

Chinese PV Industry Brief: Stable wafer and cell prices and another 2.2 GW solar-plus-storage project

Solar manufacturers Longi and Tongwei have frozen next month’s prices.

Chinese PV Industry Brief: Record residential solar installs and rumblings in the polysilicon market

The NEA has revealed more than 1.3 GW of solar capacity was added to Chinese rooftops last month, with more than 500 MW of it in Shandong province. While poly maker Daqo was forced to revise down its latest sales forecast it predicted a quick rebound in the current quarter.

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Chinese PV Industry Brief: Inner Mongolia set for 5 GW solar-storage-hydrogen complex

The China Energy Investment Corp is planning to invest RMB22 billion in a facility in the autonomous region. The state-owned mining and energy company has signed a framework agreement with the government of the city of Yijin Holo Banner for the project.

Chinese PV Industry Brief: Tongwei and Longi hold wafer and cell prices

Plus, panel maker Risen began construction of a 15 GW cell and module factory in Yiwu, in the central Zhejiang province of eastern China.

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