January 1, 2010

Hong Kong, China: GCL-Poly Completes Construction of 20 MW Photovoltaic Power Station

GCL-Poly Energy has announced that its wholly-owned 2 0MW photovoltaic power station, operating as the Xuzhou GCL Solar Energy Company Limited, has completed construction and successfully connected to the grid. It is currently the largest solar photovoltaic power station in China.

“Thanks to the support of the Jiangsu provincial committee and provincial government, as well as the concerted cooperation and effort of all parties, Xuzhou Photovoltaic Power Station completed construction and began operation in less than three months, again demonstrating the efficiency and execution of GCL-Poly. I am gratified and proud of the achievement.” Mr. Zhu Gong Shan, the Executive Director, Chairman and CEO of GCL-Poly, remarked, “as the largest solar power station in terms of installed capacity in China, Xuzhou Photovoltaic Power Station is an exemplary project of the domestic photovoltaic industry. The station has made the breakthrough in project construction and research in the domain of large-scale photovoltaic power station in China.”

Xuzhou Photovoltaic Power Station is located in Xuzhou City, Jiangsu Province, and covers an area of approximately 700 mu, with a total investment of approximately RMB420 million and installed capacity of 20MW. Xuzhou Photovoltaic Power Station installed its photovoltaic components by way of an optimal combination of fixed system, bi-axle tracking system and mono-axle tracking system, and is equipped with sophisticated computer monitoring facilities.

Upon commencement of operation, Xuzhou Photovoltaic Power Station is expected to have an annual power generation of approximately 26,000,000 kilowatt-hours and operate for approximately 1,300 hours per year.

Mr. Zhu Gong Shan added, “The completion of Xuzhou Photovoltaic Power Station marks GCL-Poly’s successful expansion from polysilicon and wafer manufacturing within the upstream solar space to photovoltaic power generation within the downstream solar space, cementing a solid foundation for the Company to capture the huge opportunities arising from global photovoltaic power generation. The Chinese government has recently proposed by the year 2020 to cut carbon dioxide emissions per unit of gross domestic product by about 40% to 45% from the levels in 2005. Being the leader in the photovoltaic industry in China, we will fulfil our role by sparing no effort to support the government to meet this goal. With concerted effort of all parties, we are confident that GCL-Poly will become a leading photovoltaic power generation operator in the world in the next few years.”

Further details about: GCL-Poly Energy