China's Photovoltaic (PV) industry is embracing market-oriented operations as 
the country's new policy introduced last year has resulted in a new round of 
industry shuffling, according to Eric Luo, chairman of GCL System Integration 
Technology Co. Ltd. (GCL System, 002506.SZ). 

Last year, the National Development and Reform Commission (NDRC), China's top 
economic planner, released a policy to strictly control subsidized new PV power 
plants and further reduce related subsidy rates. 

"The policy will drive PV system to become more competitive with conventional 
power like coal-fired plants in the near future in China. We also see the 
grid-parity era is coming globally in 2019," Luo further explained. 

As an international PV module supplier, GCL System continuously focuses on 
innovation to enhance products performance in order to provide the most 
valuable products to clients and contribute to a grid-parity world. 

GCL System launched its cutting-edge cast-mono wafer and solar panel for the 
first time in Intersolar Europe 2019 in Munich, Germany. With the combination 
of mono-crystalline cell manufacturing technology and multi-crystalline ingot 
casting technology, the cast-mono module efficiency can reach 19.4 percent, 
according to the company.

Luo said, the cast-mono was very popular and attracted lots of interest from 
visitors during the exhibition. The company had already received many orders 
from European clients, and expected to see 1GW sales this year. 

He indicated that the company's overseas sales will account for 80 percent this 
year, an increase from 52 percent in 2018. Currently, both European and 
American markets have an increasing demand. In particular, regions along the 
Belt and Road routes are experiencing a significant demand increase, 
representing 40-50 percent annual growth. 

In order to respond to increasing demands, GCL System plans to produce 6.5-7.0 
GW of mono modules, for the first time exceeding its multi-crystalline products 
this year, said Luo, adding that the company will make more efforts to enhance 
the performance of cast-mono in the future.

Photo - https://photos.prnasia.com/prnh/20190517/2470560-1 
Caption: GCL System attends Intersolar Europe 2019 in Munich, May 15


SOURCE: GCL System

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   Caption: GCL System attends Intersolar Europe 2019 in Munich, May 15