GCL-Poly Energy (Hong Kong stoock code 3800) and Bank of America Merrill Lynch announced the closing of an initial transaction to fund solar power systems developed by GCL-Poly’s US subsidiary GCL Solar Energy Inc. This initial transaction involves the financing of 15 separate sites, totaling 5MW of solar power systems serving the Palmdale School District located in southern California. 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.