Solar

China's GCL-Poly buys polysilicon maker for $3.4bn Photograph: SolarWorld/Flickr

China's GCL-Poly buys polysilicon maker for $3.4bn

Chinese power company GCL-Poly Energy has agreed to buy a 100% stake in polysilicon and wafer maker Jiangsu Zhongneng for HK$26.3bn ($3.4bn), as China continues to crank up the volume on its subsidies and rhetoric supporting solar energy.

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Karl-Erik Stromsta

Published: Tuesday, June 23 2009

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