GCL-Poly (), founded in 1996, is a subsidiary of Golden Concord Group Limited (GCL), a
green energy
Energy is sustainable if it "meets the needs of the present without compromising the ability of future generations to meet their own needs". Most definitions of sustainable energy include considerations of environmental aspects such as greenho ...
supplier in
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
, providing power and heat via
cogeneration
Cogeneration or combined heat and power (CHP) is the use of a heat engine or power station to generate electricity and useful heat at the same time.
Cogeneration is a more efficient use of fuel or heat, because otherwise- wasted heat from elect ...
,
incineration
Incineration is a waste treatment process that involves the combustion of substances contained in waste materials. Industrial plants for waste incineration are commonly referred to as waste-to-energy facilities. Incineration and other high ...
and
wind power
Wind power or wind energy is mostly the use of wind turbines to electricity generation, generate electricity. Wind power is a popular, sustainable energy, sustainable, renewable energy source that has a much smaller Environmental impact of wi ...
. As of 2009 it was the largest supplier of
polysilicon
Polycrystalline silicon, or multicrystalline silicon, also called polysilicon, poly-Si, or mc-Si, is a high purity, polycrystalline form of silicon, used as a raw material by the solar photovoltaic and electronics industry.
Polysilicon is produce ...
in China,
and is also a supplier of
electronic wafers for the solar industry.
GCL-Poly in 2007 at the Hong Kong Stock Exchange listing, the IPO price range was 3.3 to HK $4.1, raising up to 1.181 billion yuan.
In November 2009,
China Investment Corporation
China Investment Corporation (CIC) (Chinese: 中国投资有限责任公司; pinyin: ''zhōngguó tóuzī yǒuxiàn zérèn gōngsī'') is a sovereign wealth fund that manages part of the People's Republic of China's foreign exchange reserves. C ...
(CIC) bought a HK$5.5 billion ($710 million) minority stake in GCL-Poly.
[
February 14, 2014 GCL-Poly implement Subscription Rosenthal Group 360,000,000 new shares at a price of four yuan per share, a discount of 70.37% compared with before the suspension. The total cost of 1.44 billion yuan in cash. Upon completion, GCL will hold 67.99 percent after Rosenthal enlarged share capital.
November 2014, GCL-Poly plans a total consideration of 10.1 billion yuan to Zhu Gong Shan and its connected investors to sell about half of the company's profit contribution Xipian manufacturing operations. After Zhu Gong Shan plan then silicon chipalso production business into Shanghai Super Day, and GCL-Poly will shift its focus to upstream polysilicon business. December 19 the same year, GCL-Poly announced the cancellation of the transaction.
In August 2016, GCL-Poly bought $150 million worth assets of SunEdison.]
References
{{Portal, China, Energy, Companies
Renewable energy companies of China
Chinese companies established in 1996
Energy companies established in 1996
Renewable resource companies established in 1996
Companies listed on the Hong Kong Stock Exchange