{"id":23211,"date":"2018-08-02T08:20:28","date_gmt":"2018-08-01T21:50:28","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=23211"},"modified":"2018-08-02T08:21:25","modified_gmt":"2018-08-01T21:51:25","slug":"gcl-hanwha-suntech-mb0692","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/gcl-hanwha-suntech-mb0692\/","title":{"rendered":"GCL New Energy Scoops Up Solar Panels At ~40c (AUD) A Watt"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-23212\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/08\/gcl-new-energy.jpg\" alt=\"\" width=\"700\" height=\"400\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/08\/gcl-new-energy.jpg 700w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/08\/gcl-new-energy-300x171.jpg 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>China&#8217;s GCL New Energy has announced solar panel purchase agreements with Wuxi Suntech and Hanwha Q Cells for a collective capacity of 200MW.<!--more--><\/p>\n<p>The company has <a href=\"http:\/\/gclen.todayir.com\/attachment\/2018073122470100003217019_en.pdf\" target=\"_blank\" rel=\"noopener\">entered into an agreement<\/a> with Wuxi Suntech for the supply and purchase of 100MW of <a href=\"https:\/\/www.solarquotes.com.au\/panels\/suntech-review.html\" target=\"_blank\" rel=\"noopener\">Suntech solar panels<\/a> at unit price of not higher than RMB2.0 per watt, which works out to around AUD 40c a watt at current exchange rates.<\/p>\n<p>Previous deals with Wuxi Suntech over the past twelve months were an agreement in April for the supply of 40MW of modules at RMB2.43 per watt (~AUD 49c &#8211; current rates) and in August 2017 for 50MW of solar panels at RMB2.75 per watt (~ AUD 54c).<\/p>\n<p>Also announced was <a href=\"http:\/\/gclen.todayir.com\/attachment\/2018073122470100003217013_en.pdf\" target=\"_blank\" rel=\"noopener\">an agreement<\/a> with <a href=\"http:\/\/gclen.todayir.com\/attachment\/2018073122470100003217019_en.pdf\" target=\"_blank\" rel=\"noopener\">Hanwha Q Cells<\/a> for the purchase of 100MW of that company&#8217;s modules at a unit price not higher than RMB2.03 per watt (again, around AUD 40c). Other purchase agreements over the last year with Hanwha Q Cells were a deal in April for supply of 80MW of panels at RMB2.48 per watt (~ AUD 49c) and 30MW in August last year at RMB2.75 per watt (~ AUD 54c).<\/p>\n<p>The announcement notes the pricing arrangement with Hanwha Q Cells\u00a0 is subject to downward adjustments upon the fulfillment of certain conditions.<\/p>\n<p>GCL New Energy operates across China and has three regional subsidiaries in North America, Japan and Africa. At the end of last year, GCL New Energy had a total installed capacity of approximately 6GW spread across 162 solar power plants, which the company says ranked it second in the world.<\/p>\n<p>The company has set its sights expanding into markets including Australia and plans to set up a branch office here.<\/p>\n<p>GCL New Energy is part of the GCL Group, which also includes solar panel manufacturer <a href=\"https:\/\/www.solarquotes.com.au\/panels\/gcl-poly-suzhou-energy-review.html\">GCL-Poly Suzhou Energy<\/a>.<\/p>\n<h2>Panel Glut Good News For Solar Buyers<\/h2>\n<p>While the <a href=\"https:\/\/www.solarquotes.com.au\/panels\/cost\/\">cost of solar<\/a> has been continually reducing over the years, a decision by the Chinese Government in June to dramatically slash support for large-scale solar power is creating a solar panel glut globally and accelerating the downwards trend. That&#8217;s good news for buyers for now, not so great for manufacturers.<\/p>\n<p>Forbes <a href=\"https:\/\/www.forbes.com\/sites\/jillbaker\/2018\/06\/18\/solar-leader-china-is-slashing-its-subsidies-on-solar-power-what-you-need-to-know\/#1ecf88ec2f9a\" target=\"_blank\" rel=\"noopener\">noted in June<\/a>:<\/p>\n<blockquote><p>&#8221; Expect consolidation and asset sales over the next few years, as well as some bankruptcies, as the supply-demand imbalance corrects.&#8221;<\/p><\/blockquote>\n<p>According to Forbes, China accounted for around half of global solar demand last year and the Chinese Government&#8217;s move will likely slash demand in the country by about 40%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s GCL New Energy has announced solar panel purchase agreements with Wuxi Suntech and Hanwha Q Cells for a collective capacity of 200MW.<\/p>\n","protected":false},"author":17,"featured_media":23212,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-23211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GCL New Energy Scoops Up Solar Panels At ~40c (AUD) A Watt<\/title>\n<meta name=\"description\" content=\"China&#039;s GCL New Energy has announced solar panel purchase agreements with Wuxi Suntech and Hanwha Q Cells for a collective capacity of 200MW.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/gcl-hanwha-suntech-mb0692\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GCL New Energy Scoops Up Solar Panels At ~40c (AUD) A Watt\" \/>\n<meta property=\"og:description\" content=\"China&#039;s GCL New Energy has announced solar panel purchase agreements with Wuxi Suntech and Hanwha Q Cells for a collective capacity of 200MW.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/gcl-hanwha-suntech-mb0692\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-01T21:50:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-08-01T21:51:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/08\/gcl-new-energy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/gcl-hanwha-suntech-mb0692\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/gcl-hanwha-suntech-mb0692\\\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#\\\/schema\\\/person\\\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"GCL New Energy Scoops Up Solar Panels At ~40c (AUD) A Watt\",\"datePublished\":\"2018-08-01T21:50:28+00:00\",\"dateModified\":\"2018-08-01T21:51:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/gcl-hanwha-suntech-mb0692\\\/\"},\"wordCount\":419,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/gcl-hanwha-suntech-mb0692\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/gcl-new-energy.jpg\",\"articleSection\":[\"General Solar &amp; 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In case you haven't heard of the initiative, it's a way to confirm solar panels being used in an installation are: Genuine Backed by a manufacturer warranty Meet standards in Australia relating\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Suntech solar panel validation","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/suntech-panel-validation.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/suntech-panel-validation.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/suntech-panel-validation.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/suntech-panel-validation.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/suntech-panel-validation.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":57194,"url":"https:\/\/www.solarquotes.com.au\/blog\/australian-solar-research-mb2283\/","url_meta":{"origin":23211,"position":1},"title":"Australia&#8217;s Crucial Role In Affordable Rooftop Solar","author":"Michael Bloch","date":"December 22, 2021","format":false,"excerpt":"If it wasn't for Australian research and innovation, solar panels might not yet be as affordable as they are today. SolarQuotes founder Finn Peacock briefly explains why. Transcript begins --- Let's take a look at Australia's incredible solar history. The modern solar panel was effectively invented in Australia by a\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Australian research and affordable solar","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/12\/australian-solar-research.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/12\/australian-solar-research.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/12\/australian-solar-research.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/12\/australian-solar-research.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/12\/australian-solar-research.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":58239,"url":"https:\/\/www.solarquotes.com.au\/blog\/panel-cell-shipments-2021-mb2330\/","url_meta":{"origin":23211,"position":2},"title":"Top 10 Solar Panel Manufacturers In 2021 (Shipments)","author":"Michael Bloch","date":"January 26, 2022","format":false,"excerpt":"In spite of various challenges during 2021, shipments of solar panels and cells continued at a rapid clip. Here's who the top manufacturers were in each category. Solar Panel Shipment Rankings: 2021 Chinese solar panel manufacturing giant Longi held on to the distinction of the top position in module shipment\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Top solar panel manufacturers","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/solar-panel-shipments.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/solar-panel-shipments.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/solar-panel-shipments.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/solar-panel-shipments.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/solar-panel-shipments.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":47472,"url":"https:\/\/www.solarquotes.com.au\/blog\/sunways-solar-inverter-mb1873\/","url_meta":{"origin":23211,"position":3},"title":"Sunways Solar Inverters Arriving In Australia Soon","author":"Michael Bloch","date":"February 10, 2021","format":false,"excerpt":"It won't be long before there will be yet another solar inverter choice available in Australia - Sunways, which is being launched here exclusively through Suntech Australia. First, a very brief history of Sunways. The company was founded in Konstanz, Germany in 1993. In 2014, Sunways was acquired by Suntech\u2019s\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Sunways solar inverters and Suntech Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/sunways-inverter-suntech.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/sunways-inverter-suntech.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/sunways-inverter-suntech.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/sunways-inverter-suntech.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/02\/sunways-inverter-suntech.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":34581,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-panels-cec-mb1273\/","url_meta":{"origin":23211,"position":4},"title":"The CEC&#8217;s Enhanced Listings Program For Solar Panels","author":"Michael Bloch","date":"October 31, 2019","format":false,"excerpt":"The Clean Energy Council's Enhanced Listings Program for solar panels has grown significantly since July last year, with modules from 20 companies now included. The program differentiates solar panels that have passed independent testing exceeding minimum standards required to be included on the CEC\u2019s Approved Product List[1. When installing solar\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"CEC enhanced listings for solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/10\/solar-panels-enhanced-listing.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/10\/solar-panels-enhanced-listing.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/10\/solar-panels-enhanced-listing.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/10\/solar-panels-enhanced-listing.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/10\/solar-panels-enhanced-listing.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":44,"url":"https:\/\/www.solarquotes.com.au\/blog\/suntech-and-aussie-uni-team-up-to-make-dirt-cheap-solar-cells\/","url_meta":{"origin":23211,"position":5},"title":"Suntech and Aussie Uni Team Up to Make Dirt Cheap Solar Cells","author":"Finn Peacock","date":"April 10, 2009","format":false,"excerpt":"Victoria\u2019s Swinburne University of Technology in Australia will be developing the most efficient, and inexpensive solar cells ever made. Along with Suntech Power Holdings Co, the biggest manufacturer of solar cells in the world. Together, they plan to invest a total of three million Australian dollars into the project and\u2026","rel":"","context":"In &quot;Solar Panels&quot;","block_context":{"text":"Solar Panels","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-panels-2\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/23211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=23211"}],"version-history":[{"count":3,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/23211\/revisions"}],"predecessor-version":[{"id":23217,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/23211\/revisions\/23217"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/23212"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=23211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=23211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=23211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}