The deal will initiallysee Hebei-based Yingli buying more polysilicon and wafers from GCL-Poly, while HongKong-based GCL-Poly will employ more Yingli modules in its downstream projectsbusiness.
In future, however, thearrangement may be expanded to include research and development andmanufacturing, the companies say.
“Through this win-winco-operation, I hope Yingli Green Energy and GCL-Poly will fully leverage ouradvantages to continue to enhance product quality, reduce manufacturing costand promote a broader application of solar PV in the world,” says Yingli chiefexecutive Liansheng Miao.
Superficially,
