US start-up secures distribution agreement for nickel-hydrogen battery technology
EnerVenue signed its first major distribution agreement with Hong Kong’s Towngas. The deal will pilot the company’s nickel-hydrogen battery technology and serve as an audition for future deals to come.
GCL auditor raises issue with accounts
Trading in the Hong Kong-listed company stock, which was supposed to resume this morning following publication of the overdue 2020 figures, remains suspended.
Further hitch in GCL-Poly annual results
The poly making parent company says it needs extra time to finalize its 2020 figures so trading in the stock appears likely to remain suspended for the rest of the week. GCL is due to complete the paperwork related to a proposed debt restructure this month.
Xinte highlights Chinese polysilicon ‘oligopoly’
The TBEA-owned poly manufacturer has predicted further consolidation as it aims to ramp up output with another 100,000 tons of annual production capacity.
GCL eyeing near-800 MW solar project sell-off to state-owned Three Gorges
The polysilicon maker and solar developer saw its shares suspended from trading this morning after missing the deadline to publish its annual report but has been busy with more planned PV project sales.
Shuifa Singyes reports annual results
The bailed-out solar company has seen its fortunes reverse since state-owned Shuifa rode to the rescue but it still has some assets frozen as the result of civil cases.
Chinese utility pitches energy transformation credentials
The fossil fuel assets belonging to the state-owned parent of China Power International Development might overshadow the latter’s green claims but the Hong Kong-listed utility said it reached full operation at 940 MW of solar farms in 2020–more than half of it unsubsidized.
Comtec Solar subject to winding up petition in January
The Chinese PV company, which is preparing to move its headquarters to Changzhou city this month, has revealed details of the legal dispute which prompted its auditor to resign a fortnight ago.
GCL-Poly dilutes holding in developer business to raise funds
The poly maker yesterday secured approval from unpaid creditors to restructure the company’s debts and will commit the anticipated $115 million windfall from its shares placement towards its financial commitments.
GCL-Poly shareholders sign up to debt restructuring plan
The holders of $500 million of unpaid senior notes which matured last month have agreed to receive 5% of the money now, plus a share of a $17.8 million fund, with the balance to be paid out in three years’ time.
