China’s GCL and Mysun partner for India’s rooftop solar retail play
GCL System Integration Technology Co. Ltd, one of China’s largest solar equipment maker, will partner with India’s MYSUN to tap the retail end of the market.
The plug and play model is being explored wherein the firms will finance, deliver, install, and service solar kits. These solar kits comprising of solar panels, lithium ion batteries and accessories, including fitments for installation, will be sold online.
While investors have been enthused by India’s ground mounted grid connected large solar parks, the firms are trying to target the retail end of the market which hasn’t gained much traction.