- Business
- GCL New Energy Holdings Limited (0451.HK), an investment holding company founded in 1982 and headquartered in Kowloon, Hong Kong, primarily engages in the development, construction, operation, and management of solar power plants; the sale and distribution of electricity; the sale of liquefied natural gas; and the provision of solar energy related services, including operational, management, and asset management support. The company operates centralized and distributed photovoltaic power plants across the People's Republic of China, where it maintains provincial branches in 26 provinces and cities, as well as in the United States through regional subsidiaries, with additional presence in North America, Japan, Africa, and other global markets via representative offices and developers. In recent developments, GCL New Energy extended its service agreements with subsidiaries Suzhou GCL Technology and GCL Solar Energy for 2025, covering operational and management services as connected transactions; signed a strategic cooperation agreement with ACWA Power Investment in June 2025 for joint project investment, development, and operation in wind power, photovoltaic power, energy storage, pumped storage, and source-grid-load-storage integration; and tokenized 82MW of household photovoltaic projects in Hubei and Hunan provinces as real-world assets (RWA) on the blockchain in 2024, raising over 200 million yuan in financing.