SUZHOU, China, Dec. 23, 2024 /PRNewswire/ — GCL Energy Technology Co., Ltd., a pacesetter in the clear power sector, and Ant Digital Technologies, a pioneer in digital know-how companies and blockchain know-how, have achieved a big milestone by efficiently finishing the first-ever Real World Asset Tokenization (RWA) issuance in China’s photovoltaic {industry}, securing 200 million yuan in cross-border financing. The groundbreaking initiative on December 23 not solely injects substantial new capital into GCL Energy Technology’s formidable development plans but additionally establishes a novel financing mannequin for Chinese photovoltaic firms in search of to fund inexperienced tasks internationally.
RWA represents a transformative strategy to asset administration, the place bodily property are digitized as tokens on the blockchain, enhancing liquidity and market accessibility. For this inaugural issuance, GCL Energy Technology has tokenized two strategically vital solar energy vegetation in Hunan and Hubei, with a mixed capability of roughly 82MW, to spearhead this new financing frontier.
As the core entity of China’s largest personal energy conglomerate, GCL (Group) Holdings Co., Ltd., GCL Energy Technology is on the forefront of integrating clear power manufacturing with complete power companies and superior digital operations. The firm has considerably expanded its renewable power footprint, with its whole put in capability reaching 5976.36 megawatts as of September 30, 2024, and renewable sources constituting 57.81% of this capability. Notably, below the GCL SUN model, residential photovoltaic installations have surged to 1105.89 megawatts throughout greater than 36,500 households, demonstrating strong development.
This RWA initiative is a cornerstone in GCL Energy Technology’s technique to harness knowledge for asset valorization, involving round 3000 residential photovoltaic techniques. By integrating cutting-edge synthetic intelligence, blockchain, and IoT applied sciences, the undertaking packages and shops operational and income knowledge on the blockchain. This dual-chain and one-bridge structure has garnered sturdy backing from distinguished world traders, reinforcing RWA’s position as a pivotal inexperienced finance software that underscores the corporate’s dedication to sustainable growth and transparency.
The transfer not solely bolsters GCL Energy Technology’s world ESG credentials but additionally strengthens its place in the worldwide market, aligning investor pursuits with the burgeoning demand for environmentally accountable, low-carbon investments. Looking forward, GCL Energy Technology stays devoted to main the cost in renewable power, with a strategic concentrate on leveraging knowledge to drive innovation throughout the sector and foster a clear, efficient ESG ecosystem.
During the issuance occasion, Ant Digital Technologies emphasised that industries are more and more adopting renewable power and sustainable property to drive sustainable development, and its partnership with GCL Energy Technology goals to raised assist this pattern. Leveraging blockchain and sensible contract applied sciences, the collaboration has dramatically improved the transparency and effectivity of asset administration, operations, and transactions, whereas additionally decreasing prices related to these actions. The strategic alliance is a response to the rising market demand in the photovoltaic sector, bringing substantial sensible advantages to the actual financial system and demonstrating the scalability of those superior applied sciences.
At the identical occasion, strategic ties had been additional cemented with a complete partnership settlement signed with Ant Digital Technologies in Suzhou. The partnership will broaden to incorporate joint development, acquisition, and securitization of recent power property, overlaying distributed, industrial, industrial, and residential photovoltaic energy stations.
In addition, each events will collaborate to develop AI giant mannequin purposes for numerous situations together with new power technology forecasting, power administration optimization, and clever operations, driving the {industry}’s transfer in the direction of enhanced intelligence and sustainability.
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