China: GCL and Phono Solar establish PV project partnership

Share

The strategic agreement was signed on May 18 and aims "to give a clear signal to the industry". While the company would not reveal too many details, a spokesperson for Phono Solar did tell pv magazine that the two parties are planning to establish "one or two cooperation projects in Jiangsu Province, China".

Commenting, Cai Jibo, president of Phono Solar, said, "These are hard times in the market and we need to pull through together. The PV market is large enough to allow for cooperation. In this current climate even the largest companies should look beyond traditional business practice and move towards a position of cooperation above competition. Partnerships which aim to share industrial resources will mutually benefit manufacturers and play a positive role in promoting the sustainable and healthy development of the renewable energy industry in China."

Zhu Gongshan, president of GCL, added, "The partnership of two strong enterprises at this time is very important strategically. Recent events, including the release of the US Commerce Department’s preliminary decision on imposing tariffs, will cause the industry to suffer a setback in terms of development, but challenges also offer new opportunities. Photovoltaic manufacturers are looking to push forward by improving panel efficiency and reducing costs through technological innovation, while advancing management through the reconstruction of business models."

No further details were available.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

How long do residential solar panels last?

23 July 2024 Multiple factors affect the productive lifespan of a residential solar panel. In the first part of this series, we look at the solar panels themselves...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.