GCL-Poly Energy Holdings Limited(“GCL-Poly”, “the Group”, stock code: 3800.HK) announced that it will arrange the procurement of modules for two 75 megawatts (MW) solar photovoltaic (PV) projects in South Africa, the largest solar projects ever built in South Africa. The project solar modules are made from high quality wafers from GCL-Poly.
The projects were selected by the South Africa Department of Energy (DOE) in the first round of bids under the South Africa Renewable Energy Program. Both projects have executed 20-year power purchase agreements with Eskom, the South African Power Utility, which is one of the top twenty utilities in the world in terms of power generation.
“This transaction not only facilitates additional sales channel for our wafers, it also demonstrates our ability to provide integrated PV system solution in the global market” said Mr. Zhu Gongshan, Chairman of GCL-Poly.