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Consolidated Edison Development Completes Acquisition of Solar Projects From GCL Solar

August 1 | Renewable Energy | Market

GCL-Poly Energy Holdings Ltd. (3800), the world's biggest maker of polysilicon, sold a solar-power development unit to an unidentified U.S. buyer for $266 million. (bloomberg) Consolidated Edison Development (CED), a wholly owned subsidiary of Consolidated Edison, Inc., and GCL Solar Energy Inc., a wholly owned subsidiary of GCL-Poly Energy Holdings Limited today announced the completion of CED's acquisition of two solar photovoltaic projects totaling 92 megawatts MD DC (70 megawatts AC) from GCL Solar.(WSJ: MarketWatch) Read more...