Here We Go Again: GCL to Build One Solar Plant to Meet 50pc of Global Demand

Will the demand be there?

Caixin: China's GCL to Build World’s Biggest Solar Panel-Making Plant
The Chinese manufacturer plans to invest 18 billion yuan ($2.54 billion) to construct a facility in eastern Hefei province that will be able to produce 60 gigawatts of solar panels a year, GCL System said in a filing to the Shenzhen stock exchange on March 27. It didn’t provide a timeline.

The plant’s maximum output is double the 30 gigawatts of capacity installed in China in 2019, and would be able to supply to almost 51% of solar installations worldwide. The project will boost GCL System’s ability to produce panels more than nine-fold from 7.2 gigawatts, according to data from BloombergNEF. The world’s biggest solar-panel maker, JinkoSolar Holding Co,. has 16 gigawatts of capacity.
Note this GCL trades under symbol 002506 in Shenzhen, not the 3800 in Hong Kong.

Another firm is GCL New Energy, symbol 0451 in Hong Kong.

PV Magazine:China walks away from state bail-out of GCL solar project business

Another company owned by the parent Golden Concord Group (GCL) is a traditional power company GCL Energy Technology that trades in Shenzhen under the symbol 002015.

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