Xinhua Silk Road: GCL-SI to build 60GW module factory in Hefei, east China

General Press Releases Friday April 3, 2020 09:03
BEIJING--3 Apr--PRNewswire/InfoQuest
GCL System Integration Technology Co., Ltd. (GCL-SI) (002506.SZ), a leading PV company in China, recently announced a plan to build a 60GW module factory in Hefei, capital of east China's Anhui Province.

According to the agreement it signed with the Government of Feidong County recently, GCL-SI will invest a total of 18 billion yuan in the project which will be built in four phases, each with a production capacity of 15GW, from 2020 to 2023. The first phase requires a total investment of 5 billion yuan and is expected to start operation this year.

Upon completion of the project, GCL-SI will have the world's largest module production capacity, said the company.

"This is another solid step in the dual-main business operation strategy (namely, PV+ energy storage)," said Eric Luo, chairman of the listed company, "GCL-SI welcomes upstream and downstream companies in the industrial chain to come to Feidong and build a super PV intelligent manufacturing base together."

The new factory will focus on producing 210mm high efficiency modules and is also capable of manufacturing 166mm and 158.75mm modules. Automatic and intelligent production technology will be fully applied in the factory, with the big data support, according to Luo.

Feidong, a county of Hefei City, stated that it aims to create a super PV intelligent manufacturing base which is expected to accommodate cells, backsheet, glass and other supporting supply chain companies.

Cooperation between GCL-SI and Feidong County is based on their consensus on the promising development of the semiconductor and PV industries. GCL-SI has a faith on the PV development in the context of the global energy transition, Luo added.

GCL-SI's optimistic outlook on the PV market has been echoed by the forecast made by the International Energy Agency (IEA) which expects the global cumulative installed capacity of PV to reach 1,721GW by 2030 and 4,670GW by 2050.

At present, GCL-SI's module production capacity is 7.2GW, with its products covering both monocrystalline and polycrystalline.
Photo -
Caption - GCL-SI signs an agreement with the Government of Feidong County in Hefei, capital of east China's Anhui Province, March 27, 2020

Latest Press Release

UNIQLO and Marimekko Limited Edition Collection Launches on June 12

Global apparel retailer UNIQLO today announces that it will launch its newest limited edition collection with Marimekko from Friday, June 12. Continuing the successes of two earlier limited edition UNIQLO x Marimekko capsules, 2020 Spring/Summer is an...

LaLiga sets official matchday schedule for the return of football in Spain

A new LaLiga initiative will involve fans from all over the world and ensure that their presence is felt in matches played behind closed doors All LaLiga clubs will begin full group training this Monday The return of LaLiga is imminent. Javier Tebas...

Mitsubishi Motors Thailand Continues to Support COVID-19 Relief Efforts by Producing and Donating UV-C Sanitizing Devices to 4 Hospitals in Chonburi

Mitsubishi Motors (Thailand) Co., Ltd. has continued its COVID-19 relief efforts under the initiative 'Mitsubishi Motors Save Doctors, Save Lives, Fight against COVID-19’. On the strength of Production capability, it has expanded the scope of CSR...

Xinhua Silk Road: E. China's Changzhou city to promote tourism via live broadcast

A series of live broadcasts of tourist spots in Changzhou City of east China's Jiangsu Province, will be jointly launched by Xinhua News Agency and Kuaishou, a leading live streaming platform in China, on May 30 and May 31. The live broadcast, a new...

GAC Motor Delivers 550,000 GAC-made masks to International Distribution Partners in 26 Countries

The 550,000 masks that GAC Motor began shipping overseas in early April have arrived in 26 countries for local employees, distribution partners, and customers. Some partners spread the goodwill by donating part of the masks to organizations in need of...

Related Topics