PR87467

BEIJING, Jan. 6, 2021 /PRNewswire=KYODO JBN/ --

GCL System Integration (GCLSI) will further expand its presence in the new

energy industry as the Chinese authorities have rolled out a series of

favorable policies for development of the industry.

With the aid of these policies, GCLSI has accelerated its expansion on the

domestic market and put a number of new energy projects into production.

In early December, GCLSI launched a production base for photovoltaic (PV)

modules in Hefei, capital of east China's Anhui Province. With a total

investment of 18 billion yuan (about 2.75 billion U.S. dollars), the production

base will be built in four stages between 2020 and 2023, with the first 15GW

capacity under construction now.

"With the commissioning of the large-scale production base, the 182mm and 210mm

silicon wafers will shape the industry by replacing outdated products," said

Eric Luo, chairman of GCLSI.

In the process of expanding its presence in the industry, GCLSI has also gained

strong support from the financial institutions which particularly focus on the

green projects.

On November 23, GCL, the parent company of GCLSI, signed an agreement with

China Construction Bank (CCB), and the Administration of National Xinjiang

Zhundong Economic-Technological Development Park to develop an integrated wind

power and PV power storage project in northwest China.

In addition to its expansion on the domestic market, the company has also

gained strong momentum in the overseas market, with the overseas business

accounting for nearly 70 percent of its performance in the past years.

Currently, the company has taken the lead to provide high efficiency PV modules

and solutions for more than 55 countries and regions around the world.

Listed on Shenzhen Stock Exchange, the GCLSI has formed an integrated

industrial chain in the PV industry. With innovation as a priority in its

development, it has registered over 3,000 patents and copyrights in the field

of clean energy.

SOURCE  Xinhua Silk Road