China-based GCL New Energy will promote 70% of its possession of 19 PV energy stations totalling 977MWp in set up capability in China at CNY2.062 billion (US$299 million) to enhance its monetary construction, in accordance with media stories.
GCL New Energy, a subsidiary of polysiliocn and solar-grade poli-Si wafer maker GCL-Poly Energy, is engaged in building, operation and upkeep of PV energy stations.
After promoting the stakes, GCL New Energy will probably be accountable for working and sustaining the 19 energy stations for 3 years and will proceed doing so for 3 extra years, the stories from China mentioned.
GCL New Energy has bought 100% possession of a 160MWp PV energy station to CGN New Energy Holdings; 100% of one other with 140MWp to China Three Gorges New Energy; and 55% of 1 with 280MWp to Wu Ling Power for a complete of about CNY740 million (US$107.36 million) since fourth-quarter 2018, the stories famous.
