Les entreprises chinoises spécialisées dans les énergies renouvelables, et plus précisément le solaire, attirent toujours les convoitises malgré la crise financière qui secoue la planète. Voici deux nouvelles entreprises qui font parler d'elles et on y verra un lien avec une petite française récemment introduite sur le marché libre.
Tout d'abord ET Solar group qui reçoit un financement de 31 Millions de Dollars sous la forme d'actions A-1 remboursables et convertibles de Fonds de Private Equities NewMargin Growth L.P (un investisseur institutionnel uniquement tourné vers la Chine) et China Equity Links (un fond d'investissement européen qui se consacre exclusivement à la Chine et qui à des bureaux à Paris rue de l'Opéra).
L'adage "le monde est petit" s'applique ici car si vous avez la curiosité de consulter la page qui liste les distributeurs des solutions ET Solar, vous y verrez un société récemment introduite sur le marché libre: FACILASOL!
Une autre entreprise GCL Silicon spécialisée dans la fabrication des composants de bases pour les panneaux solaires va tenter une IPO sur le NYSE et espère ainsi lever près de 750 Millions de Dollars.
GCL Silicon est une entreprise très récente (2006) mais figure déjà parmi les 4 plus importants fournisseurs mondiaux de composants pour les panneaux solaires.
From Evalueserve.com 2008-7-22
ET Solar Group, a China-based integrated manufacturer of photovoltaic products, received USD 31 million PE funding from NewMargin Growth Fund, L.P ( an expert institutional investor focusing on China) and China Equity Links (one of the first independent continental Europe private equity funds focused on China). Other investors include Development Principles Fund, China Environment Fund, CeYuan Ventures, Partners Group, and L. Ferrari Overseas Investments. This is the company’s second PE financing round; funds raised to date (USD 50 million) will be used for expansion plans as well as investment in alternative energy sources.
ET Solar, among the fastest solar manufacturing solution providers across the globe, specializes in ingot, wafer, and module production. With manufacturing plants in Taizhou, China, the company has offices in the US, Germany, and Italy.
From Anette Jonsson , FinanceAsia.com 2008-7-22
GCL Silicon is aiming to raise at least $750 million to fund an aggressive capacity ramp-up over the next few years.
GCL Silicon Technology Holdings has decided to brave the still jittery market for initial public offerings and go ahead with its plans for a US listing. Yesterday the Chinese solar power company filed for an IPO of up to $862.5 million.
GCL Silicon has started investor education in the US and, while it has yet to set a definitive timetable, sources say it could kick-off formal marketing and bookbuilding at the end of this week with the aim of pricing the deal in the first week of August. The stock will trade on the New York Stock Exchange.
Sources familiar with the deal earlier said that the company needs to raise about $750 million towards its planned capital expenditure, which exactly matches the filed-for issue size when adding in a 15% greenshoe. Given the capex needs, the base offer is expected to be all new shares, but some of the pre-IPO shareholders, which include Deutsche Bank, Trustbridge Partners, Milestone China Opportunities Fund, Investec Bank and CDH Venture Partners, may sell some of their shares through the greenshoe. Credit Suisse and Morgan Stanley are joint bookrunners for the offering.
Solar power companies listed in the US have been highly volatile this year. Share prices have been underpinned by high oil prices, but at the same time investors have remained sceptical as to whether the companies will be able to deliver on their plans amid a continuing - albeit decreasing - shortage of polysilicon (a raw material crucial for the production of solar cells) that is causing bottlenecks in the upstream part of the value chain. The market reaction towards companies that have posted strong earnings has been highly favourable though, with double-digit percentage gains not unusual in the wake of such "proof" of their continuous growth. As the availability of silicon improves and a lot of new capacity comes on board this year and next, the sector is, however, expected to become increasingly competitive.
Even so, sources say GCL Silicon is in a good position to capture a piece of the action, as its main business is to supply highly coveted polysilicon, which it makes at a production facility in China’s Jiangsu province. It also intends to move further down the supply chain by starting to manufacture wafers in the third quarter of 2009. Wafers are the next step in the value chain before the actual production of solar cells and panels.
GCL Silicon has a short track record, having begun operations in July 2006 and having produced its first batch of polysilicon as recently as September 2007. However, it is already the largest supplier of this raw material in China and among the top three or four players in the world together with companies like US-based REC, Germany-based Wacker Group and Korean newcomer DC Chemical. By March 2010, GCL Silicon plans to have a production capacity of 13,500 tonnes of polysilicon, and by 2011 it should reach 24,000 tonnes, up from 1,500 tonnes in March this year. It isn’t yet utilising this capacity though, with a production of 302 tonnes in the three months to March and 359 tonnes in the three months to June.