GCL inks deal to develop 1GW solar plants

GCL inks deal to develop 1GW solar plants
China-based GCL-Poly Energy Holdings Ltd and Spain's Isofotón SA have signed a MoU under which they plan to develop 1GW worth of solar plants across the globe. The companies said they will form a JV to manufacture solar trackers for the plants, which are expected to comprise both photovoltaic and high concentrating photovoltaic technology. While China-based GCL has said it will undertake project financing and EPC services, Isofotón will reportedly supply the modules, in addition to buying "all the wafers and a portion of the cells" needed for the plants.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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