GCL-Poly, founded in 1996, is a subsidiary of Golden Concord Group Limited (GCL), a green energy supplier in China, providing power and heat via cogeneration, incineration and wind power.
[3] In November 2009, China Investment Corporation (CIC) bought a HK$5.5 billion ($710 million) minority stake in GCL-Poly.
Upon completion, GCL will hold 67.99 percent after Rosenthal enlarged share capital.
November 2014, GCL-Poly plans a total consideration of 10.1 billion yuan to Zhu Gong Shan and its connected investors to sell about half of the company's profit contribution Xipian manufacturing operations.
[5][6] In April 2017, GCL-Poly invested over $832 million in construction of 60,000 tons polysilicon plant in China.