Nanjing GCL New Energy — a subsidiary of GNE — has signed off on a 100MW module supply agreement with CNI Energy for RMB (US$61 million). The modules will be provided for Nanjing’s GCL New Energy’s 100MW PV project in Funan County, Anhui Province.
This stands as the fifth time that GNE has agreed to module supply deal with CNI Energy this year — all of which provided materials for projects in China.
GCL Poly also announced that it has completed the sale of its non-solar power venture to Jiangsu Golden Concord Energy for around US$503 million. News of this sale has been in planning stages since September 2015.