solar power

The Chinese sovereign wealth fund raises $402 million from the sale of a 7.8% stake in the Hong Kong-listed solar power company.

The privately negotiated deal comes amid rumours that the company was looking to sell convertible bonds to a broader group of investors in the public market.

Textile manufacturer Shenzhou International raises $198 million of fresh capital, while CIC trims its stake in polysilicon supplier GCL-Poly by $287 million.

Taiwanese solar cell manufacturer Neo Solar encounters significant headwinds, including a 20.9% drop in its share price during marketing, but is still able to raise $132.4 million.

After becoming the third largest supplier of polysilicon to the solar power industry in just three years, OCI is now on the road to woo international investors.

TPG agrees to invest up to $150 million in Comtec Solar as the private equity firm buys into the potential of solar power.

The US-listed solar wafer and module manufacturer becomes the first Chinese company to sell convertible bonds this year and the first Asia-based issuer to come to the CB market since mid-January.

The US-listed Chinese company prices the overnight deal at a 4.8% discount versus its latest closing price.

Wind turbine makers Goldwind and Ming Yang raise $917 million and $350 million respectively, while Trony Solar pockets $223 million.