GCL New Energy offloads 294 MW Chinese solar portfolio to China Huaneng Group
GCL New Energy, a subsidiary of GCL-Poly, has signed a deal to sell 7 operational solar power plants in China with an installed capacity of 294 MW to China Huaneng Group.
The deal, subject to shareholder agreement is valued at approximately CNY1.08 billion (US$ 156.4 million). GCL New Energy is selling the PV power plants in a debt-for-equity type swap.
Country updates
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January 16, 2020
SPIC Dongfang to build 400 MW offshore wind project in China's Liaoning Province
SPIC Dongfang New Energy Corporation, a unit of State Power Investment Corporation of China, has secured a clearance to build the 400 MW offshore wind project off the coast of Changhai County, Da...
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January 15, 2020
Bosch completes Nanjing facility solar PV project
German industrial group Bosch, in collaboration with NEFIN Group, has completed the development of the first phase of the solar photovoltaic project located at the facility of Bosch Aut...
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December 31, 2019
Pacific Green Technologies invests in three utility-scale Chinese CSP projects
Pacific Green Technologies has acquired 100% of Shanghai Engin Digital Technology Co. Ltd, a company incorporated and registered in China. ENGIN is a development, design and engineering company focus...
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December 31, 2019
China State Power Investment Corp completes 500 MW subsidy-free solar power plant in Chaoyang
China Power International Development Co Ltd (CPID), a unit of State Power Investment Corp of China, has completed the development of a 500 MW subsidy-free solar power plant in Chaoyang city...
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December 27, 2019
Royal Vopak completes sale of interest in Vopak SDIC Yangpu Terminal
Royal Vopak has completed the divestment of its 49% equity share in the joint venture Vopak SDIC Yangpu Terminal in Hainan, China. The terminal has a storage capacity of 1,339,000 cbm for the st...
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