Last week, a bankruptcy court approved the sale of SunEdison assets including its fluidized bed reactor (FBR) polysilicon operations to Chinese polysilicon and wafer maker GCL-Poly for $150 million. Under the arrangement $50 million may be returned to GCL-Poly if certain post-closing conditions are not satisfied. The deal must still go through standard closing processes, including approval by the Committee on Foreign Investment in the United States. If approved, GCL-Poly will get SunEdison's legacy FBR project in Pasadena, California, as well as its 65% share of the SMP polysilicon joint venture in Korea. The Pasadena plant has been operating since the 1980s, but costs were high and SunEdison announced that it would shut the plant down in February, weeks before it filed for bankruptcy. The status of the SMP ...Den vollständigen Artikel lesen ...