GCL-SI to invest in Vietnam for 600 MW solar cell production
Post date: 09/01/2017 - 16:59
Chinese GCL System Integration Technology Co., Ltd. (GCL-SI) announced its investment in Vina Cell Technology Co., Ltd., a Vietnam-based solar cell manufacturer, in trade for up to 600 MW production capacity. GCL-SI will provide solar cell production equipment, whereas Vina offers plant, supporting facilities along with a management team. According to the terms, of Vina's annual capacity of 600 MW, 330 MW will be dedicated to GCL-SI. This comprises exclusive use of Vina's PERC (passivated emitter rear cell) facilities, an upgrade technology for standard AL-BSF solar cells. In addition, GCL-SI enjoys privilege over the remaining annual capacity of 270 MW. Along this outsourcing strategy GCL-SI expects »substantial supply reinforcement to support its fast expansion in both domestic and international markets«, says the company.