GCL-Poly teams with state-owned Phono Solar to develop PV power plants in China


Having recently teamed with Suntech, state-owned firm Phono Solar has signed a new agreement with GCL-Poly to build PV power plants in China. GCL-Poly already has plans to move downstream, having partnered with Winsun New Energy and Shunfeng Photovoltaic for projects in both China and Europe.

“These are hard times in the market and we need to pull through together. The PV market is large enough to allow for cooperation,” noted Cai Jibo, president of Phono Solar. “In this current climate even the largest companies should look beyond traditional business practice and move towards a position of cooperation above competition. Partnerships which aim to share industrial resources will mutually benefit manufacturers and play a positive role in promoting the sustainable and healthy development of the renewable energy industry in China.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

In a statement concerning the agreement with GCL-Poly, Jibo confirmed that Phono Solar had signed an agreement with Suntech. “Both our cooperation with GCL and our recent cooperation with Suntech aim to further develop photovoltaic plant projects in China,” stated Jibo.

The Phono Solar executive added that due to its being a subsidiary of one of the Top 500 enterprises in the world, China Machinery Industry Corporation (SINOMACH), the company had access to state financing for quick access to its domestic market, while providing opportunities to develop projects overseas.

“Recent events, including the release of the US Commerce Department’s preliminary decision on imposing tariffs, will cause the industry to suffer a setback in terms of development, but challenges also offer new opportunities. Photovoltaic manufacturers are looking to push forward by improving panel efficiency and reducing costs through technological innovation, while advancing management through the reconstruction of business models,” added Zhu Gongshan, president of GCL.

Read Next

June 14, 2024
Spanish PV developer Solarpack has signed a power purchase agreement (PPA) with Indian state-owned utility SJVN for a 482MW hybrid solar-wind park.
June 14, 2024
Ørsted has commissioned its Helena Energy Center in the US state of Texas, a 518MW co-located solar and wind project.
June 14, 2024
US renewable energy project developer Ameren Missouri has acquired a 150MW solar PV project in the state of Illinois.
June 14, 2024
PV Tech's coverage of the SNEC 2024 trade show continues on day two, kicking off with a discussion with GCL System Integration.
June 14, 2024
PV Tech Premium looks at FERC's recent ruling on Order 1920 and how it will affect transmission planning in the future.
June 14, 2024
Edify Energy has proposed a 200MW solar PV farm near the newly rebuilt Callide coal-fired power station in Central Queensland, Australia.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia