GCL New Energy (GCLNE), part of GCL Holding plans to raise around US$254 million for further project development through a private placement of green bonds.
GCL System Integration Technology and China National Complete Engineering Corporation (CCEC) will build a 1 GW PV in the Ukrainian exclusion zone.
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.