GCL-SI has announced the signing of a deal with One Stop Warehouse (OSW) to distribute another 1,000 of its energy storage units known as E-KwBe. The products are set to be shipped in October.
GCL-Poly Energy announced that the company wants to purchase the polysilicon assets of Sunedison Inc. GCL-Poly placed a bid of $150 million and is targeting the acquisition of three subsidiaries.
GCL New Energy reported results in the first 6 months of 2016. The Group registered revenue of RMB1,671 million ($250 million), up from RMB897 million ($134 million) in the same period of the previous year.
GCL New Energy issued a positive profit alert. The company expects to record a profit of not less than RMB 130 million ($19 million) for the six months period ended 30 June 2016 (H1 2015: RMB 71.2 million).
GCL Poly Energy Holdings Ltd. will deliver 110 million pieces of polysilicon and monocrystalline wafers within the second half of 2016 to PV module manufacturer GCL System Integration Technology Co., Ltd.
GCL received certifications from Brazil's National Institute of Metrology, Quality and Technology (Inmetro) and the Standards Institution of Israel (SII) for its photovoltaic modules.
GCL-Poly Energy saw its polysilicon and wafer shipments increase substantially in the first quarter of this year. The company sold 3,348 MT of polysilicon (+16.8%) and 4,443MW of wafers (+44.6%) in the period.