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Chinese solar developers join up to advance PV supply chain

Yingli Green Energy and GCL-Poly set agreement to develop photovoltaic technology, enhance product quality and reduce production costs

Yingli Green Energy and GCL-Poly said their aim is to fully cooperate with each other along the PV supply chain such as in research and development

Leading Chinese solar firms have announced they are working together to develop the supply chain for PV production. Yingli Green Energy, one of the world's largest vertically integrated PV manufacturers, has entered into the agreement with firm GCL-Poly, a world leading PV materials supplier to improve the PV supply chain by improving quality and reducing production costs.

Yingli Green Energy said the two companies wish to leverage their advantages in the PV sector. This includes research and development, product manufacturing and seeking to fully cooperate with each other along the PV supply chain.

Mr. Liansheng Miao, chairman and chief executive officer of Yingli Green Energy, said: “We are pleased to unveil our multilateral and strategic cooperation with GCL-Poly. Through this win-win cooperation, I hope Yingli Green Energy and GCL-Poly will fully leverage our advantages to continue to enhance product quality, reduce manufacturing cost and promote a broader application of solar PV in the world."

The agreement from Yingli Green Energy and GLC-Poly is the latest example of Chinese solar firms aiming to develop PV in China this year. In January, Chinese solar cells firm Hareon Solar Technology announced it would invest USD 35m to build facilities to develop PV and hybrid technology in the country.