GCL New Energy installs 1.1GW in H1 2016

Facebook
Twitter
LinkedIn
Reddit
Email
The company's installed capacity has now reached 2.7GW throughout China. Source: GCL.

Chinese PV energy provider GCL New Energy installed 1.1GW in the first half of 2016, according to a filing with the Hong Kong stock exchange.

The company's installed capacity has now reached 2.7GW throughout China. The company issued a positive alert to investors noting that it expected profit for H1 of no less than RMB130 million (US$19.6 million) compared to RMB71.2 million (US$10.7 million) in the same period last year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

China saw grid connections totalling 22GW in H1 2016, largely as the result of a drop in feed-in tariff for projects connected after 30 June 2016. The capacity of projects actually constructed in H1 will have been substantially lower. Yvonne Liu of Bloomberg New Energy Finance’s (BNEF) told PV Tech that at least 3GW was built in 2015 and connected in 2016 with some connected projects built even earlier.

10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

June 24, 2025
Chinese solar manufacturing giant LONGi has signed an agreement with Indonesia’s Pertamina New & Renewable Energy to build a 1.4GW module assembly plant in West Java, Indonesia.
June 24, 2025
The Chinese polysilicon industry could face a shortage by 2028, despite persistent overcapacity in recent years, according to polysilicon market analyst Bernreuter Research.
June 23, 2025
China notched up close to 100GW of new PV in May, in the processes surpassing a terawatt of cumulative installed capacity, figures show.
June 19, 2025
The China Enterprise Bankruptcy and Reorganization Case Information Network has published a notice regarding creditor claims for Suntech.
June 18, 2025
Founder Group has signed a US$220 million memorandum of understanding (MOU) with Chinese polysilicon producer GCL Technology.
June 16, 2025
The global solar tracker market expanded by 20% in 2024 to a record size, according to energy research firm Wood Mackenzie.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico