China-based independent PV power producer GCL New Energy Holdings (GCLNE) has reported preliminary first half year 2017 results, which included cumulative installed PV power plant capacity surpassing 5GW for the first time.
China-based PV manufacturer GCL System Integrated Technology has consolidated its position within the ‘Silicon Module Super League’ (SMSL) ranks after it reported more than 4GW of module shipments in 2016.
CIT Group, a commercial lending and leasing provider, has served as the sole lead arranger for a US$59.8 million loan facility to China’s GCL New Energy for its 84.5MW solar portfolio in North Carolina.
Several GCL companies are forming a new joint venture (JV) unit to focus on downstream PV power plants that would be involved in the development, investment, construction and sale of projects with an initial investment of around US$290 million.
China-based PV Manufacturer GCL System Integration Technology (GCLS) and downstream PV energy provider sister company, GCL New Energy (GCLNE) have both released strong financial results for the first half of 2016.