SUZHOU, Dec. 24, 2024 /PRNewswire/ -- On December 23, green energy service provider GCL-Poly (002015.SZ) and Ant Digital Technology successfully completed RWA (Real World Assets) based on photovoltaic physical assets, involving an amount of more than 200 million yuan. It is reported that this is the first photovoltaic physical asset RWA in China, which helps domestic green assets to efficiently connect with overseas funds and realize digital technology to empower the real industry. At the same time, it has far-reaching significance for enhancing the liquidity of photovoltaic assets and promoting high-quality and sustainable economic development.

GCL Energy and Ant Digital Technology completed the first photovoltaic green asset RWA in China

GCL Energy is a subsidiary of GCL Group, committed to becoming a leading green energy service provider, with its main businesses being clean energy production, integrated energy services and digital energy operations. In recent years, the company has continuously increased its efforts in the development of new energy projects, increased the installed capacity of renewable energy power generation, and helped build new power systems. Its "Xin Yangguang" brand, based on household photovoltaic business, has developed an integrated and complete business system including product development, marketing, engineering construction, and intelligent operation and maintenance of household photovoltaic systems.

In the context of global efforts to address climate change and promote energy transformation, photovoltaic power generation, as a clean and sustainable way of energy utilization, is showing a very broad prospect, leading the new direction of future energy development, and is favored by institutional funds. This time, GCL Energy will use the 82MW "Xin Yangguang" household photovoltaic power plant located in Hubei and Hunan provinces as the RWA anchor asset, and through the integration of blockchain technology and IoT (Internet of Things) technology, package and store the value, operation, income and other data of household photovoltaic projects on the blockchain to form a digital token.

According to relevant persons in charge of GCL Energy, as a representative of new productivity, GCL Energy has always attracted much attention from all parties by focusing on the clean energy industry and combining opportunities of technological change. This time, it joined hands with Ant Digital Technology to select high-quality photovoltaic assets RWA using digital technology solutions, and received strong support from many well-known investment institutions, which can create a clear and credible green investment environment for global investors. At the same time, focusing on the digital transformation of energy is also a practice of GCL Energy's responsibility to promote the internationalization of ESG and build a clearer and more visible ESG ecosystem.

The relevant person in charge of Ant Digital said that blockchain and smart contract technology can improve the transparency and efficiency of asset operation, management, disposal and transaction, and reduce transaction costs. At present, the development of green assets represented by new energy is the general trend. Ant Group and GCL Group have maintained a long-term cooperative relationship. The cooperation with GCL Energy on photovoltaic asset RWA is also based on the market's recognition of the new energy industry. At the same time, it enhances the actual value of "technology for reality" and continues to show scale effects.

Industry insiders believe that based on the data on the new energy asset chain, equipment suppliers, equipment operators, financial institutions and other parties in the industry chain can achieve low-cost, high-efficiency collaboration with mutual trust to create new value; form a joint force to promote the development of green finance, guide global financial resources to flow to domestic green and low-carbon fields through compliant channels, and promote high-quality and sustainable economic development; physical assets are transformed into digital assets with efficient circulation, and their investment value and circulation efficiency have been significantly improved.

On the day the issuance was completed, GCL Energy and Ant Digits signed a strategic cooperation agreement in Suzhou. The two parties will carry out comprehensive cooperation in new power system construction, green finance, artificial intelligence and other aspects in scenarios such as distributed photovoltaic power stations, energy storage power stations, and integrated energy services, and explore integration paths for digital industrialization and industrial digitalization.