China-based PV project developer GCL New Energy (GCL-NE), a subsidiary of leading clean energy conglomerate GCL Group announced that it had purchased PV modules from both Wuxi Suntech and Hanwha Q CELLS in order to meet Chinese FIT construction deadlines, instead of typically using sister company GCL System Integration’s (GCL-SI) PV modules.
GCL-NE noted that a supply deal with Wuxi Suntech in April 2018 called for 40MW of modules at a price of RMB 2.43 per watt (US$0.36/W), at a total cost of RMB 97,200,000 (US$14.29 million approx.)
A second supply deal was signed with Hanwha Q CELLS to provide 80MW of solar modules at a unit price of RMB 2.48 per watt at a total consideration of RMB 198,400,000 (US$29.18 million approx.)
Both module supply deals were said by GCL-NE to have been signed to meet construction completion dates and full-grid connection on PV power plants in China by 30 June 2018 so as to qualify for electricity tariffs set in 2017.
Recent official figures from China put first half year PV installations at over 24GW.
GCL-NE has used both companies in the past for module supply.
However, GCL-NE also signed a supply deal for Hanwha Q Cells modules at the end of July 2018 for 100MW of solar modules at a unit price of not higher than RMB 2.03 per watt (US$0.30/W) at a total consideration of not higher than RMB 203,000,000 (US$29.86 million approx..).
At the same time, GCL-NE also signed a 100MW supply purchase agreement with Wuxi Suntech at a unit price of not higher than RMB 2.0 per watt (US$0.29/W) at a total consideration of not higher than RMB 200,000,000 (US$29.42 million approx.).
Mar 10 - Mar 12, 2021
Penang, Malaysia (also available virtually)
Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability. This event will be run as a live event in Penang for delegates able to attend and will also welcome virtual delegates via streamed content and online networking.
Oct 27 - Oct 29, 2020
Going into its fifth year over 200 delegates from 150 companies and 20 countries representing the PV supply chain will gather (virtually, due to COVID-19) for 3 days to discuss the technology roadmaps for PV cell advancement in GW markets. The scope of the event has been expanded this year, to cover developments in wafer supply and thin-film investments and technologies alongside all the regular benefits to all stakeholders tracking PV technology and investment trends for the next 5 years.