Yingli, GCL-Poly in 'strategic' pact

Yingli Green Energy and GCL-Poly – the world’s largest suppliers of PV modules and polysilicon, respectively – have inked a non-binding strategic framework agreement with potentially significant consequences for the sector.

The deal will initially see Hebei-based Yingli buying more polysilicon and wafers from GCL-Poly, while Hong Kong-based GCL-Poly will employ more Yingli modules in its downstream projects business.

In future, however, the arrangement may be expanded to include research and development and manufacturing, the companies say.

“Through this win-win co-operation, 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,” says Yingli chief executive Liansheng Miao.

Superficially, there would appear to be some supply-chain tension within the deal Log in to read complete article.

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