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Green Energy Firm GCL-Poly Mulls Mainland Listing for Solar Materials Business

By Luo Guoping and Liu Xiao
GCL-Poly is among the largest manufacturers of solar PV materials in the world. The company produced nearly 40,000 tons of polysilicon and 10.6GW of silicon wafers in the first half of the year, accounting for about one-quarter and one-third of global production respectively. Photo: Visual China
GCL-Poly is among the largest manufacturers of solar PV materials in the world. The company produced nearly 40,000 tons of polysilicon and 10.6GW of silicon wafers in the first half of the year, accounting for about one-quarter and one-third of global production respectively. Photo: Visual China

In pursuit of a higher valuation, Hong Kong-listed Chinese green energy supplier GCL-Poly Energy Holding is considering a Chinese mainland listing for its solar materials business.

GCL-Poly, one of the world’s largest producers of photovoltaic (PV) materials — which convert light to electricity — said it had started discussions with potential investors for the possible spin-off of its polysilicon and silicon wafer production business in a stock exchange filing. It did not offer more details.

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