Skip to content
Subscriber Only
Green
Energy & Science

A New Solar-Panel Plant Could Have Capacity to Meet Half of Global Demand

  • Facility will have capacity to supply half of global demand
  • Maximum output would be double China’s 2019 installed capacity
The Golmud Solar Park In Qinghai, One Of China's Six Clean Energy Pilots
Photographer: Qilai Shen/Bloomberg
Updated on

GCL System Integration Technology Co. plans to build the world’s biggest solar-panel manufacturing plant, with capacity to meet half of global demand.

The Chinese manufacturer plans to invest 18 billion yuan ($2.54 billion) to construct a facility in eastern Hefei province that will be able to produce 60 gigawatts of solar panels a year, GCL System said in a filing to the Shenzhen stock exchange on March 27. It didn’t provide a timeline.