GCL Surges To Become 7th Largest Solar PV Manufacturer In World — PV Module Production Rose 500% In 2015

GCL System Integration Technology Company — a notable China-based solar photovoltaic module manufacturer — saw its production output increase roughly 500% last year, according to recent reports.

The surge means that GCL is now the seventh biggest solar photovoltaic (PV) module manufacturer in the world (as of the end of 2015), according to the Chinese photovoltaic industry data website Solarbe.

GCL sales volume for 2015 is expected to have totaled between 2.5 gigawatts (GW) and 2.7 GW — this compares to a sales volume of around 500 megawatts (MW) in 2014.

The company also now (as of the end of 2015) apparently possesses the sixth largest solar PV module production capacity in China — with 3.7 GW of production capacity (this includes 3 GW of production capacity for high-efficiency modules). The company’s Zhangjiagang production facility is the biggest, and most highly automated, manufacturing plant for high-efficiency PV modules in the country.

This impressive production capacity is expected to continue growing over the coming years — with GCL reporting that it expects PV module production capacity to exceed 6 GW in 2016. The company is planning to “aggressively” expand its market share outside of China in 2016, according to board chairman Shu Hua. The company’s production plant in India recently reached full production, it should be noted.

The company currently supplies high-efficiency solar PV modules to: China Minsheng Investment, PowerChina, Kong Sun Holdings Limited, ZTE Corporation, and Adani Group, amongst others.

GCL’s net profits are also notably up, going by earlier reports, with a net profit of 376 million yuan during January–September 2015 — a year-on-year increase of 175.24%.

Images via GCL