Both GCL-Poly and BofA Merrill intend for this initial transaction to form the basis of a long-term relationship to provide funding for a portion of the substantial portfolio of over 1GW of solar projects under development by GCL Solar in the United States.
The financing by BofA Merrill gives GCL Solar access to a competitive source of long-term capital for its projects.
BofA Merrill funds 5MW solar power systems for GCL Solar
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