(21 May 2012, Hong Kong) GCL-Poly Investment Co., Ltd, a wholly owned subsidiary of GCL-Poly Energy Holdings Limited (“GCL-Poly”, “the Group”, stock code: 3800.HK), signed strategic cooperative letters of intent (“LOI”) with Winsun New Energy Co., Ltd (“Winsun New Energy”) and Jiangsu Shunfeng Photovoltaic Technology Co., Ltd (“Shunfeng Photovoltaic”). Mr Zhu Gongshan, Chairman of the Board of Directors of GCL-Poly, Mr Mo Weihua, Chairman and General Manager of Winsun New Energy and Mr Gao Zhoumiao, CEO and other leaders of Shunfeng Photovoltaic, attended the signing ceremony.
Pursuant to the LOI, GCL-Poly will co-develop and construct solar farms with Winsun New Energy and Shunfeng Photovoltaic in Europe and other designated regions agreed with the other two parties. At the same time, GCL-Poly will provide the other parties with long-term and stable supply of silicon materials, wafers and system integration products. Based on this cooperation, all parties will deepen their overall strategic cooperation in the solar value chain.
The friendly cooperation of GCL-Poly with Winsun New Energy and Shunfeng Photovoltaic will enable all parties to have comparative advantage, strengthen further their respective core competitiveness in the photovoltaic areas and achieve a win-win situation.
Mr. Zhu Gongshan, Chairman of the Board of Directors of GCL-Poly, said: “We are very pleased to cooperate with the global leading photovoltaic companies: Winsun New Energy and Shunfeng Photovoltaic. This will create the best and the most professional operating platform for the global solar power system business. As an expert in providing integration solution for solar system, GCL-Poly owns the largest polysilicon production capacity and is the world leader in terms of cost control. Benefiting from its competent and well-experienced team in power plant investment, construction, operations, and its success in international investment, construction, and operation in solar system, GCL-Poly has integrated technology, information and efficiency as one unit. The Group will promote the development of solar farm globally with
its low cost, high quality and high efficiency model.”
About GCL-Poly Energy Holdings Limited (stock code: 3800.HK)
GCL-Poly Energy Holdings Limited is the world’s leading polysilicon and wafer supplier as well as a top green energy investor and operator. The product quality of the Group’s polysilicon has reached electronic grade level since 2010. The Group ramped up its annual polysilicon production capacity to 65,000 MT at the end of 2011 and its wafer production capacity reached 8 GW at the end of 2011. Moreover, for the solar system integration business, the Group is devoting all its efforts to providing solar farm investors with a one-stop solar system solution from project development, engineering, procurement, construction, financing to operation and management. For more information about GCL-Poly, please visit the company’s website at www.gcl-poly.com.hk.
About Winsun New Energy Co., Ltd
Winsun New Energy Co., Ltd is a supplier of high quality monocrystalline wafers, and has succeeded many times in implementing large-scale construction and operation of overseas solar farms.
About Jiangsu Shunfeng Photovoltaic Technology Co., Ltd
Jiangsu Shunfeng Photovoltaic Technology Co., Ltd, a wholly-owned subsidiary of Shunfeng Photovoltaic International Limited (stock code: 1165.HK), is a professional provider of solar cells and solar modules, integrating research and development, manufacturing, sales and technical services into one unit.
Pic1:GCL-Poly Signing ceremony at the meeting with Winsun New Energy and Shunfeng Photovoltaic
Pic2:GCL-Poly signs strategic cooperative letters of intent with Winsun New Energy
Pic3：GCL-Poly signs strategic cooperative letters of intent with Shunfeng Photovoltaic
Pic4: GCL-Poly,Winsun New Energy and Shunfeng Photovoltaic Three party represents a group photo