GCL System Integration Technology has to invest $32 million in Vina Cell Technology

China-based solar PV manufacturer GCL System Integration Technology has announced that it will invest $32 million in Vietnam-based Vina Cell Technology Company Limited to develop a 600 MW solar cell project in Vietnam. It has also indicated that around 330 MW of total cell production will be based on PERC (passivated emitter rear contact) technology and will be utilised by the company. Under the deal, GCL will provide solar cell production equipment while Vina will provide plant and supporting facilities. This move follows GCL’s withdrawal from the European Union (EU) minimum import price agreement in October 2016. The majority of key China-based PV module manufacturers have either established manufacturing facilities or have signed original equipment manufacturer production agreements outside China in the past two years, circumventing both EU and US anti-dumping policies.