China-based GCL Energy Technology and Ant Digital Technologies completed Real World Asset Tokenization (RWA) issuance securing 200 million yuan (27.40 million) in cross-border financing. The initiative tokenized two solar plants in Hunan and Hubei, with a combined capacity of 82 MW, using blockchain to enhance asset liquidity. The RWA project also digitized data from 3000 residential photovoltaic systems. A partnership agreement in Suzhou outlined plans for asset securitization, AI applications, and energy management optimization, further advancing renewable energy solutions. GCL Energy Technology is a part of GCL Group, which managed 5976.36 MW of installed capacity, with 57.81% from renewable sources as of September 2024.
GCL and Ant Digital finalize RWA for solar funding in China
China’s RWA issuance in Hunan and Hubei aimed to improve liquidity and accessibility for photovoltaic projects. (Image Source: PRNewswire)
ACCIONA Energía’s Union Solar Farm in Ohio began operations to power 62,000 homes under a PPA with Amazon. (Image Source: accionaenergia)
Hero Future Energies commissioned a 29 MW solar project in Karnataka, reducing carbon emissions by 31,624 tons. (Image Credit/Source: mrganso/Pixabay)
Scatec holds 50.9% equity of the 288 MW solar project and will manage the EPC, O&M, and AM services. (Image Source: Scatec)
NTPC REL awarded a contract for a 225 MW AC (276 MW DC) solar project in Khavda, Gujarat, including three years of O&M. (Image Credit/Source: ValePhotography/Pixabay)