GCL New Energy

Dynamics in the solar devices market, controlled by China, just got a lot more complicated with reports of the US Administration of President Joe Biden enforcing sanctions against specific firms.

Sveck, China's leading vendor of EVA movies for PV modules, has actually disclosed strategies to checklist shares in Shenzhen. China Guangdong Nuclear Power Corp. has actually picked Longi as well as EGing to specifically provide 238 MW as well as 112 MW of panels for its projects, with Longi likewise revealing wafer cost cuts. Jincheng Machinery, at the same time, has actually begun elevating funds to establish a brand-new assembly line.

Financiers in debt-saddled PV developer GCL New Energy will certainly need to wait at the very least an additional month prior to a ballot on a recommended project sale to a Chinese state-owned entity which would certainly bring advantages of $526 million.

The suggested procurement by state-owned China Huaneng of 294 MW of GCL project ability in China has actually been postponed a 2nd time.

GCL New Energy has inked an agreement for selling seven China-based photovoltaic projects to CHNG. The total capacity of the operational facilities is about 294 megawatts.

Gas exporting powerhouse Qatar’s first utility-scale PV project will be built for what is said to be the lowest-ever price for a solar PPA.

The state-owned electricity utility firm is careful in its selection of solar initiative assets it hopes to buy.

The US renewables business of Japanese oil and gas major Idemitsu Kosan has bought a 100MW solar project in Colorado from GCL New Energy, a subsidiary of China's GCL New Energy Holdings.

The opening pages of the first-half update published on the Hong Kong exchange made all the right noises with the company set to be acquired by a Chinese state-owned entity. But the balance sheet makes for shocking reading.