The Shanghai Electric Group has strengthened its environmental, social and corporate governance for Phase 5 of the Mohammed bin Solar Power Plant Construction Project Rashid Al Maktoum (MBR Solar Power Plant) 900 MW from Dubai, and received high praise from Shuaa Energy, the joint venture that is leading the project The 900 MW phase 5 […]
China solar unit defaults on $665m bond amid 700% share rally
SHANGHAI : A unit of GCL-Poly Energy Holdings defaulted on a US$500 million (S$665 million) bond after ending an exchange offer with existing bondholders. GCL New Energy Holdings announced the default in a Monday (Feb 1) exchange filing. The firm, which operates solar power plants, is majority owned by GCL-Poly, one of the world’s leading […]
