China Development Bank acquires 75% stakes in the 100 MW solar plant from GCL-Poly Energy
The unit of China Development Bank Capital, CDB New Energy, has entered into an agreement with the GCL-Poly Energy Holdings Ltd for the sale of a 75% stake in its solar unit, Suzhou GCL New Energy.
The deal signed through GNE Group in which GCL-Poly Energy holds a 62% stake represents an estimated investment of about CNY136.6 million (US$19 million).
Suzhou GCL New Energy owns a 100 MW solar photovoltaic farm in China. The deal is expected to be concluded before the end of 2020.
Country updates
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June 19, 2020
Panda Green Energy Group to build 1-GW hybrid solar project in Xinjiang
Panda Green Energy Group Ltd is set to build a 1,000 MW hybrid solar photovoltaic and energy storage facility with a hydrogen production project in Manasi County, Xinjiang Uyghur Autono...
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June 15, 2020
GE to supply turbines for 30 MW Xuanli Qingfeng wind project in Puyang City
GE Renewable Energy has announced a contract with Power China Guizhou Engineering Co., Ltd. GE will supply 12 units of 2.5-132 low-wind speed turbines for a 30 MW wind farm near Puyang city, China. Th...
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June 10, 2020
EDF buys 37.5% stake in Dongtai IV and Dongtai V offshore wind projects
EDF Group and China Energy Investment Corporation (CEI) have signed the final joint venture agreements for offshore wind projects in China. The two parties will develop 502 MW of offshore wind project...
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June 05, 2020
Vestas to supply wind turbines for 50 MW Juye I wind project in Heze
Vestas has secured a 50 MW order from new customer China Three Gorge Renewables (CTG Renewables), one of China’s biggest renewable energy developers, for the 50 MW project Juye I in Heze, Shando...
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May 06, 2020
Everbright Belt & Road Green Fund completes fundraising from Everbright Cornerstone LPs
China Everbright Limited announced the launch of the “Everbright Belt & Road Green Fund”. The Fund is led by China Everbright Group, launched and managed by China Everbright Limited. T...
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