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JA Solar Technology eyes 15 GW of new PV production capacity

Solar panels. Featured Image: foxbat/Shutterstock.com

January 2 (Renewables Now) - China’s JA Solar Technology Co Ltd (SHE:002459) today announced plans to pour CNY 6.6 billion (USD 947.7m/EUR 845.5m) in a project to add 15 GW of new photovoltaic (PV) manufacturing capacity at home.

The company has signed a framework agreement with the management committee of a local industrial zone in China’s Zhejiang province regarding the proposed investment, it said in a bourse filing.

JA Solar intends to build a production facility in Yiwu city where it will be able to make 5 GW of solar PV cells per year, while a new 10-GW factory will produce PV modules. According to the manufacturer, the construction of the two new bases is expected to take around four years but this will not have an impact on its current revenue.

JA Solar Technology, formerly Qinhuangdao Tianye Tolian Heavy Industry Co Ltd, was previously engaged mainly in the heavy machinery business. Last year, it became the owner of solar products maker JA Solar Holdings Co Ltd.

(CNY 1.0 = USD 0.144/EUR 0.128)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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