GCL-SI to Invest in Vietnam for 600MW Solar Cell Production

Shu Hua, president of GCL-SI, commented: "The investment not only provides GCL System with cost advantage, but also helps streamline our supply chain by adding cell production into the system. The PERC capacity in particular helps ease current shortage of high-efficiency photovoltaic modules in the Chinese market."

Shu Hua, president of GCL-SI, commented: "The investment not only provides GCL System with cost advantage, but also helps streamline our supply chain by adding cell production into the system. The PERC capacity in particular helps ease current shortage of high-efficiency photovoltaic modules in the Chinese market."

The company's leadership team sees this investment as a strategic move to break into the US and European markets. GCL's Chairman Zhu Gongshan earlier this year indicated similar intention on 2016 Chinese Clean Energy Collaborative Forum, by encouraging Chinese solar energy companies to "team up to march overseas and to gain a more advantaged position in foreign markets". In fact, this year records a fruitful milestone for GCL System's global expansion, in which it successfully captured the Australia market with its E-KwBe model and hammered out partnership with Enmax in Thailand.

About GCL-SI

GCL System Integration Technology Co., Ltd. (002506 Shenzhen Stock) (GCL-SI), is part of the GOLDEN CONCORD Group (GCL), an international energy company specializing in clean and sustainable power production, founded in 1990. With global assets worth nearly USD16 billion, the combined companies delivered over 2 GW of modules globally in 2015, and currently supply more than 30% of all polysilicon and wafers utilized in the solar industry.