GCL-Poly secures major new polysilicon & wafer contracts
Post Date: 11 Mar 2014 Viewed: 285
Major China-based polysilicon and solar wafer producer, GCL-Poly has secured ‘near-term’ supply contracts with Jinko Solar, GD Solar, Tongwei Solar, and Hareon Solar.
The company said that the contract would begin in 2014 and run through 2016, totalling approximately 9.3GW of high efficiency wafers and polysilicon. The company did not breakout the supply deals nor provide financial details of the individual deals, although GCL-Poly noted that it would receive undisclosed advance deposits.
“As the world’s leading polysilicon and high efficiency wafer producer, GCL has strong technological capabilities and market influence” said, Shu Hua, Executive President of GCL-Poly, “We are pleased to co-operate with these leading solar manufacturers to maximize the efficiency of solar products. We will continue to work with our best customers to further promote the global advancement of green energy.”
JinkoSolar recently advised that it would focus limited capital expenditure on expanding PV module and solar cell capacity through the recent acquisition of distressed assets but would not be adding ingot/wafer production in 2014.
The tier 1 module manufacturer plans to boost PV module production 3GW in 2014, while ingot/wafer production would be held at 2GW.
Tongwei Solar took over the solar cell and PV module operations of LDK Solar (Hefei) last year, with plans to ramp cell production to its nameplate capacity of 2GW and PV module capacity to 500MW.
GCL-Poly noted that it would also co-operate with the companies in the areas of R&D and supply chain management.