|    |  EN

Company News

GCL New Energy Successfully Invests in the 150MW PV Power Station Project in Hengshan, Yulin
2014-08-29

 (28 August 2014, Hong Kong) GCL New Energy Holdings Limited (“GCL New Energy” or the “Company”, stock code: 0451.HK) is pleased to announce that, the Company has entered into a joint venture agreement with Xi'an Huanghe Photovoltaic Technology Co., Ltd. (“Huanghe Photovoltaic Technology”) for the 150MW PV power station project of Yulin Hengshan Jinghe Solar Energy Company Limited (榆林橫山晶合太陽能發電有限公司) .The cooperation indicates that, through investment and subscription, the Company now officially holds 91% equity interest in Yulin Hengshan Jinghe Solar Energy Company Limited, the project company.  

The Project is located within Diqingyuan Solar Photovoltaic Park in Tawan Town, Hengshan County, Yulin City, Shaanxi Province. The Park is planned as an integrated park combining wind power, solar energy, animal husbandry and tourism. The project covers an area of approximately 4,000 mu with a designed operating life of 20 years. Huanghe Photovoltaic Technology owns irreplaceable superior resources in the development and construction of large-scale PV power stations in Shaanxi region. The cooperation with Huanghe Photovoltaic Technology will lay a good foundation for the Company’s future development, construction and operation of PV power stations in Shaanxi region.

About GCL New Energy Holdings Limited (stock code: 0451.HK)

GCL New Energy Holdings Limited (“GCL New Energy”) is a global leader of new energy focusing on development, construction and operation of solar power, energy storage, energy conservation, smart micro-grid and distributed energy. GCL New Energy has a world-class R&D team and management team and possesses rich experience in development, construction, operation, maintenance, investment and financing and innovation with respect to solar power systems and photovoltaic power station projects.

With our philosophy of “promoting the development of green energy through constant technological innovation”, GCL New Energy strives to create the greatest value for shareholders, providing safe, clean, economy, green new energy for our society and making bluer skies, cleaner water and greener field and better living conditions.

For more information about GCL New Energy, please visit the company’s website at http://en.gclnewenergy.com