Discover our upstream and downstream technical journals
GCL New Energy noted that it had 1,773MW of power plants registered in the Renewable Energy Tariff Surcharge Subsidy Catalogue with approximately RMB 3,050 million (US$439.1 million) in tariff payments outstanding at the end of June, 2018. Image: GCL New Energy

GCL New Energy noted that it had 1,773MW of power plants registered in the Renewable Energy Tariff Surcharge Subsidy Catalogue with approximately RMB 3,050 million (US$439.1 million) in tariff payments outstanding at the end of June, 2018. Image: GCL New Energy

International renewable energy provider GCL New Energy, a subsidiary clean energy conglomerate GCL Group has recently received the first tranche of tariff back payments in China totalling RMB 990 million (US$142.5 million).

A key factor in China’s 531 New Deal, which cut support for large-scale PV and DG projects was due to the ballooning FiT payment backlogs with utilities, which had reached approximately US$17.5 billion at the end of 2017. 

GCL New Energy noted that it had 1,773MW of power plants registered in the Renewable Energy Tariff Surcharge Subsidy Catalogue with approximately RMB 3,050 million (US$439.1 million) in tariff payments outstanding at the end of June, 2018.

Tags: gcl new energy, pv power plants, finance, china, 531 new deal

Solar Media Events

Utility Solar Summit UK

Jun 15 - Jun 16, 2021

London, UK

The Utility Solar Summit UK will focus entirely on the opportunities in the UK ground-mount space and feature the new technology and advanced innovations allowing asset owners to improve yield in a subsidy free market. Listen to senior market leaders share stories of their successes and manufacturers pushing the envelope for solar PV whilst taking advantage of our enhanced networking features to connect you with your peers onsite; realising the potential of UK utility scale deployment from 2020 and beyond.

Find out more

Solar Media Events

PV ModuleTech

Mar 10 - Mar 12, 2021

Penang, Malaysia (also available virtually)

Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability. This event will be run as a live event in Penang for delegates able to attend and will also welcome virtual delegates via streamed content and online networking.

Find out more

Comments