GCL and NRG form new solar company
06. February 2012 | Industry & Suppliers, Markets & Trends | By: Becky StuartChina-based GCL-Poly Energy Holdings Limited and U.S. company NRG Solar LLC have established a new solar company, Sunora Energy Solutions 1 LLC. Each party owns 50 percent.
Under the new joint venture (JV) announced today, NRG says it will to develop photovoltaic projects using GCL-Poly’s photovoltaic system equipment and its racking technologies. The goal is to "substantially enhance the financial returns of the projects".
Since the start of the fourth quarter of 2011, GCL has supplied NRG with 70 megawatts (MW) worth of photovoltaic equipment. In a statement released, it was added, "GCL-Poly may have an opportunity to provide NRG Solar 200 MW of PV equipment for each year until end of 2014."
The parties declined to provide any further information rearding the new company or its planned projects.
To leave a comment you must first sign in or register your details
No comments have been submitted yet. Why not login or register and be the first?
Subscribe today!
Take out an annual pv magazine subscription or sign up for our two month free trial.
Most read
EdF looks to take Photowatt over
10040 viewsGermany unveils radical new FIT strategy
7887 viewsSingulus plans to finance larger solar projects
7286 viewsSolon receives 2 concrete takeover bids
7128 viewsMicrosol will take Solon over
6298 views
Press releases
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!