8.8 C
Berlin

JA Solar: Continuous Expansion to 10 Billion Level

On May 18, JA Solar Technology Co., Ltd.(002459.SZ), a leading manufacturer of high-performance photovoltaic products, announced that the company intends to invest in integrated solar cell and module projects with tens of billions of production capacity.

JA Solar.png

According to the announcement, the company plans to invest in projects including 10GW high-efficiency solar cell and 5GW solar module project in Qujing City and 11GW high-power module expansion project in Hefei Province, with an estimated investment of 10.29 billion yuan, accounting for 62.38% of JA Solar's latest audited net assets. Specifically, the total investment of Qujing project will be 6.062 billion yuan which will be self-raised from shareholder capital, shareholder loans, and loans from financial institutions. And its construction period is planned to be 24 months. The Hefei solar module project is planned to upgrade the original production line to reach an annual production capacity of 6GW of high-power solar modules, while another 5GW high-power solar module production line and supporting facilities will be built within 28 months, with self-raised funds of 4.228 billion yuan.

In addition to the above two projects, JA Solar has disclosed 18 similar projects for capacity expansion in different cities of China in the past 12 months, with an investment reached 6.08 billion yuan, accounting for 41.27% of its latest audited net assets.

JA Solar stated that these investments place the company in a strong position to promote its integrated industrial chain layout plan. JA Solar gains more accesses to a line of development that contributes to the construction of high quality and efficiency products to meet the market demand. These significant investments will underpin the rapid growth of JA Solar as it scales its operations to expand the company's market share, enhancing its brand and integrated profitability.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

You Might Also Like

JA Solar said to start producing polysilicon in major ramp-up plan

JA Solar has announced an agreement with the Ordos government in China’s Inner Mongolia for CNY 40 billion investment. The company plans to build...

JA Solar awarded Top Brand PV MENA by EuPD Research

JA Solar has been awarded Top Brand PV MENA 2023 by energy research institute EuPD Research at World Future Energy Summit 2023 (WFES) in...

JA Solar to supply modules for Egypt’s largest solar farm

JA Solar said it has joined a consortium to offer integrated solutions for gigawatt-scale wind and solar portfolios of renewable energy developer AMEA Power....

Module shipment ranking 2022: Top 10 manufacturers shipped 240 GW globally

In 2022, the top 10 Chinese manufacturers have shipped over 240 GW modules globally, up 60% and occupying over 90% of global demand, according...

A silver lining for BIPV

Last weekend, Trina Solar, Jinko Solar, Arctech Solar, and State Power Investment Corporation (SPIC) signed four cooperative agreements with architecture service providers to jointly...

JA Solar ranks highest in PV ModuleTech bankability ratings

JA Solar has maintained the highest AAA ranking in PV Tech's recently released Q4 2022 PV ModuleTech bankability ratings report, based on its performance...

Popular Posts

New 330 GW of solar will be installed globally in 2023: CPIA

In 2023, the global newly installed capacity (AC-end) may reach 280-330 GW, including 95-120 GW of domestic installation, said Wang Qing, Deputy Director of...

Longi to set up the first factory in the US

Renewable and clean energy developer Invenergy is ready to cooperate with Longi Green Energy to build a 5 GW solar module factory in Ohio....

Hongrun Construction to add 20 GW cell and module production capacity

Hongrun Construction has announced plans to ramp up its cell and module production capacity by building a high-efficiency solar cell and module manufacturing facility...

N-type TOPCon will take 54% of market share in 2025

The n-type TOPCon technology has shown prominent advantages, and will cover a market share of 25% this year, said Li Bingzhi, Senior Manager of...

Chint will give every piece of module an ‘ID card’

In recent years, with the rapid development of artificial intelligence (AI), industrial Internet, big data and other information technologies, the solar industry has become...

Module shipment ranking 2022: Top 10 manufacturers shipped 240 GW globally

In 2022, the top 10 Chinese manufacturers have shipped over 240 GW modules globally, up 60% and occupying over 90% of global demand, according...
Join Our Newsletter

Latest article

Shuangliang starts building 50 GW of monocrystalline silicon project

The commencement activity of Shuangliang Phase III 50 GW monocrystalline silicon project was held in the Xitu High-tech Zone, Inner Mongolia’s Baotou City on...

Main application, prospect of carbon neutralization technologies

The Ministry of Science and Technology recently organized the first meeting of the National Carbon Neutralization Technology Expert Committee in Beijing to assess the...

N-type TOPCon will take 54% of market share in 2025

The n-type TOPCon technology has shown prominent advantages, and will cover a market share of 25% this year, said Li Bingzhi, Senior Manager of...

New 330 GW of solar will be installed globally in 2023: CPIA

In 2023, the global newly installed capacity (AC-end) may reach 280-330 GW, including 95-120 GW of domestic installation, said Wang Qing, Deputy Director of...

Upcoming Event

Solar Focus | Meet the Surging Solar Power Needs in Spain

On March 30, Solarbe Global will invite experts from S&P Global Commodity Insights, JA Solar and Aquila Capital to discuss the opportunities and challenges in solar PV deployment in Spain.

[Event] 2nd International Integrated-PV Workshop

Based on the highly successful 1st  IPV Workshop in 2022, the 2nd edition will focus on latest innovations that will help shaping this new but fast-growing segment within the solar PV industry. Technologies include Building-integrated PV (BIPV), Floating PV, Agrivoltaics, and Vehicle-integrated PV (VIPV).