GCL-SI pumps US$ 122 million into kick-starting building of new 60GW Hefei plant

Jan 11, 2021 01:40 PM ET
  • 'Solar Module Super League' (SMSL) member GCL System Integrated Technology Co (GCL-SI) has actually pumped RMB790 million (US$ 122 million) right into Hefei GCL Integrated New Energy Technology Co (Hefei GCL) to begin the building procedure of its previously-announced 60GW brand-new huge production center in Hefei City, Anhui Province, China.
GCL-SI pumps US$ 122 million into kick-starting building of new 60GW Hefei plant
Image: GCL

GCL-SI said in an economic statement that the investment right into Hefei GCL was to speed up the construction phase after introducing the US$ 2.5 billion brand-new mega manufacturing hub back in March 2020.

Hefei GCL was developed with a US$ 1.5 million financial investment in April 2020 and also was made responsible for the planning, implementation, and also operation of the facilities.

Up until the 2nd capital investment, GCL-SI had actually claimed the Hefei project was still at the drawing board.

Recently, GCL-SI revealed strategies to build a 10GW solar cell manufacturing base in the Leshan Hi-tech Industrial Development Zone in Sichuan Province, China.

In a subsequent press statement, GCL-SI kept in mind that the Hefei mega manufacturing center would require an overall investment of around RMB 18 billion (US$ 2.75 billion approx) yet stated that it would be integrated in four stages between 2020 and also 2023, with the first 15GW capability, currently incomplete at an expense of around RMB4 billion (US$ 617.7 million).

"With the appointing of the large-scale production base, the 182mm as well as 210mm silicon wafers will shape the market by changing obsolete products," stated Eric Luo, chairman of GCL-SI.

Solar Installers, Manufacturers