It signed a co-operative framework agreement  with GD Solar on 21 May to build 3GW of PV capacity by 2016. The two sides aim to install 800MW this year, GCL New Energy said in a statement to the Hong Kong stock exchange.

Last week, printed circuit-board maker Same Time Holdings changed its name to GCL New Energy. GCL-Poly, the world’s biggest producer of PV-grade polysilicon and wafers, acquired a majority stake in Same Time in February.

Guodian-owed