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GCL-Poly, Foxconn team-up for Chinese solar plant
GCL-Poly and Foxconn Technology will build and operate a 310MW solar plant in China’s Shanxi province and share the revenue from selling electricity to the government utility.
The plant will be assembled by Foxconn using GCL’s solar cells.
The solar plant is anticipated to be in full operational by first half of next year.
Shu Hua, executive president of Hong Kong-listed GCL, noted that total budget for the plant, in Shanxi’s Datong region, was initially based on a cost of US$1.58/W, which has since dropped to about US$1.43/W.
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