Downstream PV energy provider GCL New Energy (GCLNE), part of GCL Holding plans to raise around US$254 million for further project development through a private placement of green bonds.

Source: | PV-Tech

Suzhou GCL New Energy Investment Company a subsidiary of GCLNE plans to apply to the Shenzhen Stock Exchange for the issuance of non-public green bonds that would be limited to 200 ‘qualifying’ investors and would have a term of not more than 3 years, according to the company.