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.
[c] 2016 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).