GCLET(SZ:002015) Zheng Quan Zhi Xing·2025-06-29 12:14Group 1 - GCL-Poly Energy Technology Co., Ltd. (GCL-Poly) signed a strategic cooperation agreement with Saudi Electric Investment (Shanghai) Co., Ltd. to deepen collaboration in the new power system sector [1] - The agreement aims to leverage the strengths of both parties in project investment, development, and operation across various fields including wind power, photovoltaics, energy storage, and pumped storage [1][2] - GCL-Poly has a total installed capacity of 5,871.01 MW as of December 31, 2024, showcasing its extensive experience in clean energy investment and operation [2] Group 2 - ACWA Power, the parent company of Saudi Electric Investment, has ambitious plans to establish a Chinese investment company and aims for an asset management scale of $50 billion and a power generation capacity of 22 GW by 2030 [2] - The partnership with GCL-Poly is a crucial step for ACWA Power in executing its strategic plan in the Chinese market [2][3] - GCL-Poly's recent collaborations, including a partnership with Ant Group to create a new company focused on AI-driven renewable energy ecosystems, highlight its proactive approach in expanding its cooperation landscape [3]