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.
Scatec stock price stymies extra shares issue plan
Shares in the Norwegian renewables company have been trading below the $26 price linked to a recent $527 million fundraising issuance which the developer launched to fund its planned acquisition of hydropower business SN Power.
Chinese PV Industry Brief: New 10 GW module factory planned as 3.6 GW of cell capacity comes online
Power company Datang Group is reportedly planning to spend around $148 million replacing a coal-fired power plant with a 200 MW solar project in Shanxi province and two solar players are set to issue stock.
Chinese PV Industry Brief: Tongwei freezes cell prices, state body opens procurement round
Longi has also joined the 500 W-plus module club with its new Hi-Mo5 product, while Sunport has announced to expand production of its MWT module.
GCL generates another $85 million with new shares and 100 MW project sale
The polysilicon manufacturer, which is bent on slimming down its capital-intensive project development business, has generated another windfall to go towards servicing its onerous debt pile.
Shareholder dissent clouds boardroom appointments at GCL-Poly
There was significant opposition to the re-appointment of three executives at today’s AGM, suggesting unease at a strategy that involves loading ever more debt onto the manufacturer as it bids to rapidly outgrow its rivals in terms of production capacity.
GCL-Poly dilutes stock to raise $87m to keep on top of debts
The polysilicon and wafer maker has been busy raising cash of late by indulging in a fire sale of project assets. With plans for ever larger production capacities to fund, it has now announced the issue of new shares amounting to more than 8% of the existing stock.
