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Suzhou GCL New Energy

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.

Sale and repurchase deal – is GCL New Energy scrabbling for funds?

With a RMB21.4 billion chunk of its huge debt pile reportedly set to fall due for repayment in July, ownership of four PV projects with a total 80 MW capacity is due to transfer back and forth as the developer tries to sweat its solar assets.


GCL sells off stake in 160 MW of Chinese PV projects

Poly manufacturer and developer raises another $44m to pay down its huge debt pile after selling an 80% stake in two solar projects in its homeland.

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