4,150 MW worth of new solar energy projects are now set to be developed in China thanks to a series of new deals just inked by GCL-Poly. All of the new deals are currently set to be completed by the year 2016.
The new deals include: one with Guodian unit GD Solar to develop 3 GW of solar PV capacity; one with Xi’an Huanghe Photovoltaic Technology Company to develop the 150 MW Yulin Hengshan solar farm, which GCL-Poly will take a 49% stake in; and one with CSR Zhuzhou National Engineering Research Center of Converters Corporation for the development of 1 GW of new solar PV by 2016.
In addition, GCL-Poly and Guodian Solar have also entered into an agreement that will see GCL-Poly buy 255 MW worth of already completed solar PV projects that Guodian owns.
The news comes via a recent statement released by GCL-Poly to the Hong Kong stock exchange — announcing the intention to add 800 MW of solar PV capacity this year, as well as the longer-term goals + new deals.
GCL-Poly, as of right now, has about 560 MW worth of solar PV capacity under construction — a figure that’s quite substantial on its own, but should start to rise considerably soon, thanks to the new deals.
In related news, thanks to considerable and growing demand, GCL-Poly is (once again) looking to expand its production capacity, with the new aim being to increase poly capacity by around 40% and increase wafer capacity by 1 GW.
This will be accomplished through the building of a new FBR-technology-based poly plant. Given that GCL-Poly already produces nearly 25% of the world’s poly and wafers, the increase in capacity is certainly interesting.
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