Recently, Grace Solar has reached a strategic cooperation agreement with Italy solar energy general contractor. In the next three years, Grace Solar will provide PV mounting solutions for the PV power station project of 1GW in Italy, which will lay a solid foundation for Grace Solar to further develop the PV market in Italy.
This cooperation is a key step for Grace Solar to expand European PV market, which is an important market of solar PV power generation. It will make Grace Solar’s products more in line with the market demand, thus further enhancing the competitiveness of its products.
This strategic cooperation is expected to gradually achieve requested production capacity within three years. It will have a positive impact on improving Grace Solar's leading position in the domestic PV market and is of great significance for the company's long-term development.In recent years, various European countries have also planned to exit the coal market in the next few years, and the PV market continues to grow.
France wants to close coal-fired facilities by the end of 2023, and Italy, Portugal, Britain, Ireland and Slovakia have also made commitments.Greece, the Netherlands, Finland, Hungary and Denmark also plan to abandon coal-fired power generation this year, as the downward trajectory of coal in Europe becomes increasingly apparent, which is also in line with climate commitments under the Paris agreement. This is also an opportunity for the new energy market to enter a newer, modern, digital and clean industrial revolution in which PV power generation is sure to become a dominant industry.
In the next three years, Grace Solar is expected to provide nearly 1GW of solar PV mounting systems for the Italian market, covering Grace Solar ground mounts, smart solar tracking solutions, roof mount solutions and water solar floating mounting etc.The R&D and after-sales team will continue to optimize services and products to contribute to the development of green PV energy in Italy.