GCL-Poly co-operates with CGN to jointly develop solar farm project with total capacity of 1GW in Datong City, Shanxi province

DATONG CITY, CHINA: GCL-Poly Ltd, a wholly-owned subsidiary of GCL-Poly Energy Holdings Ltd, entered into a cooperative framework agreement in Beijing with CGN Solar Energy Development Co. Ltd, a wholly-owned subsidiary of China Guangdong Nuclear Power Group, pursuant to which both parties will jointly speed up the development and utilisation of solar energy and encourage the application of clean energy via strong co-operation.

Pursuant to the co-operative framework agreement, both parties intend to jointly develop a solar farm project with total installed capacity of 1GW in Datong City, Shanxi Province. GCL-Poly will be responsible for the rolling development and construction of the project.

GCL-Poly and CGN will create a synergistic and win-win partnership through the co-operation on the solar farm project in Datong City, Shanxi Province, which will lay a solid foundation for further high level cooperation in future solar power generation.

CGN Group is the only national large-scale clean energy enterprise in China mainly engaged in nuclear power generation business. To respond to the strategic development of renewable energy in China, CGN Group, a nuclear power based company, rides on its success in the development of wind power, and hydro power to actively develop the solar power generation business, while CGN, the wholly-owned subsidiary of CGN Group, specialises in the development, construction, technological R&D of solar PV, solar thermal, and micro-grid integrated power plant.

As a world leading developer, operator as well as product and technology provider of green energy and new energy, GCL-Poly continues adhering to the principle of “bringing green power to life” and has been committed to providing high quality and low carbon energy and services. As an expert in providing solar system integration solution, GCL-Poly owns the largest polysilicon production capacity and is the best in cost control in the world.

Benefiting from its competent and well-experienced team in electricity nvestment, construction, operations, and its success in global investment, construction, and operation in solar system, GCL-Poly is unparalleled in technology, information and efficiency. GCL-Poly formally launched the global solar system integration business and solar farm business, promoting the development and application of solar farm resources worldwide with its low cost, high quality and high efficiency model.

Datong City in Shanxi Province is located near the loading centers in Beijing, Tianjin, Tangshan of North China Power. Upon the completion of the solar farm, it will benefit from advantages such as low-cost electricity transmission, richly available unused saline and alkaline land resources and favourable environment for developing clean energy.

In particular, the demand for solar new energy industry development would continue to increase in tandem, given that Datong City in Shanxi Province won the bid to host the “International Solar Decathlon” in 2013, and is actively developing itself as the national model city of new energy.

The purpose of this strategic cooperation between GCL-Poly and CGN is to kick-start solar farm investments systematically in Shanxi Province where the area has abundant solar resources. The co-operation meets the State and Shanxi provincial government’s requirement to transform the existing energy structure, which would definitely promote the development of new energy business in Shanxi Province.