Cumulatively, the Chinese PV group had installed 5.05 GW of solar by the end of June, up 85.1% year on year, with roughly 4.14 GW connected to the grid, according to unaudited preliminary results. The total included 87 MW of capacity in unspecified overseas markets.
It built 63 new projects in the 12 months to June 30, 2017. Sales of electricity from its operational solar installations hit 2,355 million kWh n the January-June period, from just 1,140 million kWh in the first six months of 2016, according to a statement to the Hong Kong stock exchange.
Earlier this year, the Shenzhen stock exchange approved a plan by Suzhou GCL New Energy Investment — a unit of GCL New Energy — to issue $254 million of green bonds. If it goes ahead with the proposal, it plans to use the proceeds to fund the development of renewables projects.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.