GCL Integration expects to start operating a new 12 GW solar plant in October, bringing its total solar panel production capacity to 30 GW.
GCL Integration expects to start production at the new factory in October. With the new factory, its total solar panel production capacity will rise to 30 GW.
The company also announced plans to raise 6 billion yuan through a private placement. It said it will invest about 3.88 billion yuan in a new TOPCon solar cell factory with a capacity of 10 GW in Wuhu, Anhui province.
It also said it would invest 1.2 billion yuan in a new battery factory with a capacity of 10 GWh in Xuzhou city, Jiangsu province. In addition, it plans to build a 60 GW module factor in Hefei city, Anhui province.