GCL-Poly acquires 100% stake in Jiangsu Zhongneng



GCL-Poly Energy Holdings Ltd., a leading integrated renewable energy enterprise in the People’s Republic of China (PRC), has announced the approved acquisition of 100% equity interest in Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd. Upon completion of this contract, GCL-Poly looks set to become a global leader in the polysilicon manufacturing industry.

Jiangsu Zhongneng is the main operating entity of GCL Solar Energy Technology Holdings Inc. (“GCL Solar”) in the PRC. GCL Solar’s annual polysilicon production capacity is expected to reach 18,000MT by the end of 2009, with further technical upgrades, its capacity will further expand to 21,000MT by the end of 2010, making GCL Solar also one of the world’s five largest polysilicon suppliers.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Mr. ZHU Gong Shan, Chairman and Executive Director of GCL-Poly, said, “Upon completion of the acquisition, GCL-Poly will benefit from GCL Solar’s extensive experience in the production of polysilicon to tap into opportunities in the fast growing solar industry. In addition to manufacturing and selling polysilicon, we also plan to leverage our strengths and expertise to engage in downstream businesses, including the development of solar power plants and the production of silicon ingots and wafers. These initiatives will create synergies through vertical business integration.”

Read Next

Subscribe to Newsletter

Most Read

Upcoming Events