Expanding its solar reach from polysilicon and multicrystalline wafer production, GCL-Poly has entered the solar system integration business with the establishment of GCL-Poly Solar Energy System Integration (Taicang) Co. Ltd.
Looking to operate on a global scale, Zhu Gongshan, chairman of the board of directors has said that the company will work with various banks and financial institutions, and equipment and system suppliers in China, Europe and the U.S.
Specifically, GCL-Poly has said that it will produce new products, including financial products, and lower investment costs. It will also set up a number of new offices, including in Europe, the U.S., Africa, India and Brazil.
In other news, the company has said that it will invest in, and build, two photovoltaic projects worth around 84 MW. While construction is expected to commence this year, the systems are scheduled to be commercially operational by 2012.
Located in the California Central Valley, power purchase agreements have already been secured with Pacific Gas & Electric. The systems are expected to comprise around 300,000 photovoltaic panels when complete.
"By building these projects, GCL-Poly takes an important step in executing its dual-end strategy along the solar value chain, from polysilicon and wafer manufacturing, to system integration and solar power plant development," commented Shu Hua, executive president of the Group.