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Xuzhou State Investment and Environmental Protection Energy

GCL concern over senior notes due January 30

Investors sitting on three-year notes worth $500 million have been asked to postpone settlement for another three years and to sign away their rights to oppose the debt restructure plan which would be needed if the company defaults on the commitment, triggering a cross default.

GCL shareholders set for a busy festive period as votes loom on $903m worth of solar project sales

Chinese state entities are now behind five phases of two separate sales deals which, if approved, will transfer more than 1.8 GW of solar generation capacity into public ownership.

China set to acquire 820 MW of solar project capacity

The latest, seven-project, 217 MW, $150 million project sell-off announced by the development business of polysilicon producer GCL-Poly means a lot will be at stake in the vote by its shareholders at an extraordinary general meeting in the new year.

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