GCL-Poly signs long term contract with Realforce Power

HONG KONG: GCL-Poly Energy Holdings Ltd has signed a long term contract with Realforce Power Co. Ltd to supply wafer products.

GCL-Poly will provide Realforce Power with a total of 4,200MW of wafer products over the next six years. Under the supply contract signed between GCL-Poly and Realforce Power, GCL-Poly will provide a total of 4,200MW of solar wafer products from July 2011 to December 2016. A price adjustment mechanism is included in the contract.

Shu Hua, executive director and president, GCL-Poly, said: “We are very conservative in selecting strategic and cooperative partners. The rapid development momentum and solid corporate culture of Realforce Power let us firmly believe that our co-operation with Realforce Power will lead us to a bright development prospect.

“GCL-Poly will continue to deepen the co-operation with our strategic and co-operative partners. We will faithfully fulfill our supply agreement and support our partner to obtain favourable position in market competition so that it is a win-win situation for both of us ultimately.”

Wang Bufeng, chairman of Realforce Group, said: “The wafer procurement contract is the continuation of our in-depth cooperation over the years between Realforce Power and GCL-Poly. It reflects the full confidence from both parties of the future market. It further strengthens the bilaterally strategic co-operation relationship and mutual trust, as well as significantly propels each of the application direction business of Realforce Power.

"Realforce Power will honour the contract, which will lay a solid foundation for strategic co-operation relationship. We are determined to take application direction and vertical integration as our future path and regard this long term contract to be a golden opportunity to realise our dream as a Rolls-Royce of the photovoltaic industry.”