 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Shanghai, China (SPX) Mar 11, 2011 JA Solar Holdings has announced that it has signed a strategic investment agreement with the city of Hefei, in China's Anhui province, to set up a new state-of-the-art photovoltaic ("PV") production facility for solar cells and PV products. The facility is expected to be located in the Hefei High-Tech Industrial Development Zone in the City of Hefei. Construction will take place over a multi-year period and, when fully completed, the facility is expected to have a manufacturing capacity of 3GW of solar cells and PV products. The first phase of construction is expected to begin in 2011, with production expected to commence in 2012. Under the terms of the agreement, the Hefei High-Tech Construction and Investment Group, a government-affiliated investment company, and a number of domestic Chinese banks, are expected to provide financing of up to RMB 13.5 billion over a four-year period at competitive commercial loan rates for the construction of the new solar cell and PV product manufacturing facility. By establishing this new facility in the city of Hefei, JA Solar expects to benefit from the city's progressive policy environment for clean energy companies, access to the region's well-trained low-cost labor market, and Hefei's central location as a regional hub for logistics and transportation. "As the world's leading supplier of high-efficiency, low-cost solar cells, we are delighted to work with the City of Hefei to establish this new state-of-the-art PV manufacturing site, in which we will employ the world's most advanced solar technology for the manufacturing and development of high-efficiency, low-cost solar cells and PV products. With lower labor costs and a favorable investment climate in Hefei translating into lower operational costs, we anticipate this new facility will serve to enhance JA Solar's future profitability and market share," said Dr. Peng Fang, CEO of JA Solar. "This new facility complements JA Solar's long-term growth strategy as a world leader in solar cell technology and manufacturing. With this new capacity we will also be well-placed to meet the strong demand from our strategic partners globally for JA Solar's products."
Share This Article With Planet Earth
Related Links JA Solar Holdings All About Solar Energy at SolarDaily.com
SDG and E Signs Renewable Power Contract With Tenaska ProjectSan Diego CA (SPX) Mar 11, 2011 San Diego Gas and Electric (SDG and E) and a subsidiary of CSOLAR Development have announced a 25-year contract for up to 150 megawatts (MW) of solar energy to be generated at the Imperial Solar Energy Center (ISEC) West's proposed 1,057-acre solar energy facility near El Centro, Calif. This project will create nearly 300 construction jobs in the Imperial Valley during the two-year construction ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook
