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China,United States : GCL-Poly plans to buyout technologies and manufacturing assets from SunEdison.

GCL-Poly Energy Holdings is planning to buy crystal-growing and polysilicon-making technologies as and also manufacturing assets from SunEdison at US$150 million, and will also take over its debts of up to US$20 million.

The takeover covers SunEdison's three subsidiaries: Solar cell maker SunEdison Products Singapore, Texas-based semiconductor-grade granular poly-Si maker MEMC Pasadena, and California-based mono-Si solar ingot and wafer maker Solaicx.

The purchase also comprises of CCz (continuously-fed Czochralski), SunEdison's patented crystal-growing technology, and production facilities.

The purchase is subject to anti-trust review in the US and Singapore in October 2016.

GCL-Poly Energy is also seeking to compete for buying SunEdison's interest in TerraForm Power, a US-based operator of PV power stations and wind farms.

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Publication:Mena Report
Date:Aug 31, 2016
Words:130
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