• Print

GCL-Poly and NRG Solar form new JV: Sunora Energy Solutions 1

Financials

  • 3800
    HKG
    2.14
    0.00 (0.00%)
    3:59PM GMT+8
  • NRGEO
    OTCMKTS
    0.0000
    (%)

Through their wholly-owned subsidiary, GCL-Poly Energy Holdings and NRG Solar have formed a new joint venture, Sunora Energy Solutions 1. Each of the shareholders owns 50% interest in the JV, which will build selected projects developed by NRG Solar using GCL-Poly’s PV system equipment and NRG’s racking technologies.

GCL-Poly additionally advised that since the beginning of Q4 2011 and early 2012, it had provided 70MW of PV equipment to NRG Solar. The company anticipates having an opportunity to supply NRG Solar with 200MW of equipment each year until the end of 2014.

Gongshan Zhu, chairman of GCL-Poly, commented on the joint venture, stating that “NRG Solar is one of the largest PV project developers in the United States. We are pleased to collaborate with NRG Solar where we can maximize the values of performance-optimized system equipment. This transaction is our first step toward a strong and strategic partnership with NRG Solar. We look forward to bringing the value of GCL-Poly to a fast-growing US solar market through this partnership.”

PV-Tech Storage Promo

Publications

  • Photovoltaics International 26th Edition

    Looking back, 2014 was a year of convalescence for a PV industry still battered and bruised from a period of ferocious competition. End-market demand continued apace, with analysts towards the end of 2014 predicting the year would see between around 45 and 50GW of deployment. That has begun to feed through to the supplier end of the market, with all the main manufacturers announcing capacity expansions in 2015 and further ahead.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Partners

Acknowledgements

Solar Media

Newsletter

Subscribe
We won't share your details - promise!