Sunpower Group Ltd. (Sunpower) has announced that its wholly-owned subsidiary, Jiangsu Sunpower Technology Co., Ltd. (Sunpower Technology) has signed an EPC contract worth RMB 41.5M with Xinjiang GCL New Energy Material Technology Co., Ltd. (Xinjiang GCL). Upon delivery of the contract, Sunpower expects a positive impact on its FY2018 results.
Xinjiang GCL is a subsidiary of GCL-Poly Energy Holdings Limited (GCL). As part of the contract, the Group will be providing Engineering, Procurement and Construction (EPC) services to Xinjiang GCL’s wastewater treatment and Zero-Liquid-Discharge (ZLD) facility for Phase I of its polysilicon project, which has an annual production capacity of 60,000T. This is also the second contract awarded by GCL to the Group this year following an equipment supply contract awarded in May 2017.
The industrial wastewater treatment and ZLD industry saw a growth in 2016 and has become an integral part of China’s environmental protection initiatives to combat pollution.
