Oct 1, 2013 - Chinese photovoltaics (PV) maker JA Solar Holdings (NASDAQ:JASO) said today it has delivered to the solar unit of Israeli electronics supplier Ralco Group 5 MW of solar modules for a solar project in Israel.
The company did not disclose any additional information on the ground-mounted project, nor provided financial details.
The order from Ralco Energy was for 270-W monocrystalline high-efficiency solar modules. It is in line with JA Solar's strategy to expand into new solar markets such as Israel, company's CEO Baofang Jin said.
According to a recent report by market analyst IHS (NYSE:IHS), emerging markets will reach annual PV capacity additions of as much as 10.9 GW by 2017, up from 2.2 GW in 2012. Israel was mentioned as one of the most significant emerging solar destinations in the Africa-Middle East region. The country is seen to add 1.8 GW of solar capacity between 2013 and 2017.
JA Solar sold around 1.7 GW of solar equipment in 2012.