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GCL-SI Enters Into Partnership with WEG and Will Supply Solar Modules for Major Solar Projects

2017-09-29 21:00

SUZHOU, China, Sept. 29, 2017 /PRNewswire/ -- GCL System Integration Technology CO. Ltd. (GCL-SI), (Shenzhen: 002506), a subsidiary of the world's leading energy group GCL, has signed a cooperation agreement ("the Agreement") with WEG, a Brazil-based engineering company that provides industrial-scale electric and automation solutions. Through the Agreement, GCL-SI will provide WEG with its best quality solar modules for use in the construction of their local solar projects.

Per the Agreement, GCL-SI will deliver a total of 62MW of its GCL-P6/72 325W modules to WEG. The modules will be shipped from September to November this year, and WEG will use them to complete their solar projects.

According to Shu Hua, President of GCL-SI, this Agreement with WEG is a testament to GCL-SI's production quality and the reliability of the GCL brand. "WEG is a widely-respected EPC company in Latin America with years of experience in electrical engineering. We are delighted to be able to work with WEG on their local clean energy projects and to assist in the building of a greener living environment for the local community," said Shu.

Since its establishment, GCL-SI has been actively seeking and forging partnerships globally with energy companies. This new business relationship with WEG marks a significant step in GCL-SI's exploration of the American markets. The Group hopes to establish itself as a leading energy technology provider as the solar industry in South America continues to show huge potential for growth. Even as early as this month, GCL-SI hosted four workshops in Brazil to enhance communication and deepen connections with local partners and distributors.

While the major focus of the Brazilian market is presently on power plants, distributed generation (DG) is emerging as an area for potential growth. To take advantage of this evolution, GCL-SI will stay receptive to local market demands and assess new business opportunities, particularly in the DG sector.

About GCL-SI

GCL System Integration Technology Co., Ltd. (002506 Shenzhen Stock) (GCL-SI), is part of the GOLDEN CONCORD Group (GCL). GCL-SI delivers a one-stop, cutting-edge, integrated energy system and is committed to becoming the world's leading solar energy company.

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Source: GCL-SI

Related stocks: Shenzhen:002506

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