Goldpoly in new 500MW PV deal

Hong Kong-listed Goldpoly has sent another strong signal of its ambitions in the PV sector in China and beyond, signing a deal with two major Chinese partners that foresees the acquisition of 500MW of capacity.

Goldpoly said the deal with China Triumph International Engineering Co. (CTIEC) and Huawei will see it acquire plants that are being developed and built by CTIEC in China, Europe, North America and Japan.

Huawei – a China-based global IT and telecoms group – will be “preferred provider of inverters and information and communications technology (ICT) solutions” to the projects.

According to a Goldpoly statement, the 500MW of capacity represents “the first batch of project pipelines between the parties”. The project deals are subject to certain conditions.

Goldpoly – which is part-owned by polysilicon giant GCL-Poly – has rapidly emerged as one of China’s most ambitious investors in PV via  a string of alliances, including similar deals with a group of developers led by GD Solar to buy 400MW of new capacity, and with PetroChina for 500MW.

Goldpoly said: This cooperation agreement provides strong evidence of our tight alliances with leading enterprises across the industry chain.

“As an international group engaged in engineering, CTIEC possesses rich experience in providing EPC service for solar power plants at home and abroad.”