Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Credit
Company

GCL-SI to build 60GW module factory in Hefei, east China

April 02, 2020


Abstract : GCL System Integration Technology Co., Ltd. (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.

Photo: GCL-SI signs an agreement with the Government of Feidong County in Hefei, capital of east China's Anhui Province, March 27, 2020.

BEIJING, April 2 (Xinhua) -- 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 monocrystallien and polycrystalline. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: PV-module GCL-SI

Reading:

Mercedes Benz to recall 9,765 vehicles from China

China leads in renewable energy sector

Green investment trends sustainable development under the BRI

China's PV product exports up 32.3 pct in first 10 months

Tingyi holds science popularization activities for teenagers to contribute to Chinese Dream

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial