GCL

Independent solar analyst, Corrine Lin believes that Longi’s plans to triple monocrystalline wafer production capacity to 45 GW by 2020 could trigger an oversupply problem in the second half of this year.

Intellectual Property claim filed by U.S. firm Solaria against GCL-Solar in September 2016 has been resolved on mutually agreeable terms, GCL-Poly said. Exact details of the settlement were not disclosed.

Singulus has signed an agreement with two Chinese PV providers to form a joint venture in the field of the heterojunction technology. The joint venture will be based in China.

GCL New Energy will likely post a profit of CNY 450 million ($67.4 million) in the first half of 2017, from a profit  of just CNY 147 million a year earlier, as it connected 1.04 GW of new solar capacity to the grid.

A unit of Beijing-based China Energy Engineering (CEE) has agreed to build a 100 MW solar project for GCL New Energy in eastern China.

GCL System Integration (GCL-SI) did not disclose the financial terms of the master distribution agreement, under which Guadalajara-based DMSolar will offer the Chinese PV maker’s components, as well as its GCL-P6/60 and GCL-P6/72 panels.

2017 begins with yet more positive price reduction momentum, while Spain reveals details of its renewables auction and Comtec Solar and Longi agree to asset purchase.