Chinese company Golden Glass strives to tap into European market via German solar energy expo

Drone photo taken on Sept. 15, 2021 shows sheep grazing in a solar power plant in the Hainan Tibetan Autonomous Prefecture, northwest China's Qinghai Province. (Xinhua/Chen Jie)

Chinese listed company Gansu Golden Glass Technologies Limited (Golden Glass, 300093.SZ) is fully exploring the European market now after its products gained popularity in the debut made in May at Intersolar Europe, a world famous solar energy exhibition in Germany, reported Shanghai Securities News Tuesday.

According to the company, it has developed the core products of 210mm high-efficiency heterojunction (HJT) cell chips, as well as 600w+, 660w+, 700w+ and many other kinds of HJT and PERC (Passivated Emitter Rear Cell) components.

Among them, the Golden Glass Haoyang HJT 700w+ plate products were favored by customers from the European market at Intersolar Europe. Customers from Germany, France, Italy, Romania and other countries have even reached initial cooperation intentions on 200MW components directly on site.

Song Ye, deputy general manager of Golden Glass, said that as HJT is warmly welcomed, large companies in Czech Republic, Slovak Republic, Romania, Greece, Spain, Italy and other countries are seeking for related cooperation such as being local general agents, etc.

After the exhibition, the company is preparing to set up a European office in Germany to fully develop European customers. The company will send some products to Europe as spots and samples to promote the fulfillment of orders as soon as possible, and its capacity in this year and the next year is expected to be fully filled quickly, Song noted.

The European Commission announced an energy plan called "RepowerEU" on May 18 this year, aiming to rapidly promote green energy transition. The plan proposes to increase the 2030 overall target for renewable energy in the EU's "55 percent carbon reduction" policy portfolio from 40 percent to 45 percent, and to establish a special EU solar energy strategy of doubling the solar photovoltaic power generation capacity by 2025 and installing 600GW by 2030, which means that the European photovoltaic market will usher in huge market opportunities.