29 Aug '16, 12pm

GCL-Poly places US$150 million bid for SunEdison’s polysilicon assets: Leading polysilicon and solar wafer pr...

GCL-Poly places US$150 million bid for SunEdison’s polysilicon assets: Leading polysilicon and solar wafer pr...

According to a financial filing by GCL-Poly, the company is targeting the acquisition of SunEdsion’s bankrupt Korean-based joint venture FBR plant, SMP, which had experienced a number of technical delays and issues in ramping SunEdison’s FBR technology. Image: GCL-Poly Leading polysilicon and solar wafer producer GCL-Poly Energy Holding has placed a bid of US$150 million for the polysilicon assets of bankrupt renewable energy firm SunEdison via the US bankruptcy court dealing with the Chapter 11 proceedings. The stalking horse offer in collaboration with SunEdison could lead to an auction although it is unclear whether key rival polysilicon producers such as Wacker Chemie or OCI have a commercial interest in SunEdison’s polysilicon assets, primarily its electronic grade granular polysilicon produced with FBR (Fluidised Bed Reactor) technology. According to a financial fili...

Full article: http://www.pv-tech.org/news/gcl-poly-places-us150-million...

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GCL-Poly agrees to buy $150 million of SunEdiso...

pv-magazine.com 29 Aug '16, 10am

GCL-Poly announced that the deal would have a number of benefits for its business, including expanding its polysilicon pro...