GCL set to become a large Solar panel player GCL Poly which is the world’s largest solar polysilicon and wafer maker with around 70,000 tons of poly and 14 GW of wafer capacity, is extending its dominance into downstream cell and module making as well. The company had last year bought distressed Chaori Solar along […]
GCL Poly plans to sell Non solar business The world’s largest producer of solar wafers GCL Poly is in plans to sell its non-solar businesses such as WTE and cogeneration plants to its parent company for around $500 million. GCL Poly is groaning under a large debt burden, despite being profitable. The company has earlier […]
GCL Poly which is by far the world’s largest seller and producer of solar wafers has dropped its plan of selling its wafer manufacturing plants to a group of investors led by its promoters. The company was looking to sell its wafer units for $1.3 billion to reduce its large debt burden. The company had […]
The world’s largest solar wafer manufacture GCL Poly is looking to further expand its already giant capacity. The company reported great results seeing a very large increase in the sales of both solar wafers and polysilicon as the global solar demand increased by 30%. The company which has around 12 GW of solar wafer capacity […]
GCL Poly Granted Credit Line In the wake of overcapacity and the Chinese Government’s decision to discontinue giving financial aid to 80% of its companies, another Chinese company was successful in bagging a whopping US$800 million (CNY 5 billion) from the China Development Bank. This decision came after GCL Poly (GCL) decided to get its […]
Leading solar wafer companies like Renesola (SOL), GCL Poly Energy, SAS and others remain under pressure due to the below cost prices of solar wafers. The whole solar wafer industry saw a huge expansion during 2010 and 2011 along with the other parts of the supply chain. As solar wafer equipment prices came down, companies […]