On September 15, JA Solar announced that the company plans to invest 10.391 billion yuan to expand the integrated production capacity of silicon wafers, batteries, and modules.
JA Solar said that the expansion will not only effectively increase the production capacity of high-efficiency products and meet the market’s demand for high-efficiency products, but also help it continuously increase its market share and integrated profitability.
At the same time, JA Solar said in another announcement on the same day that its wholly-owned subsidiary Donghai JA Solar Technology Co., Ltd. (hereinafter referred to as “Donghai JA Solar”) and Xinte Energy Co., Ltd. (hereinafter referred to as “Xinte Energy “) Reached a strategic cooperation. Donghai JA and other companies under its group companies plan to purchase 97,200 tons of primary polysilicon from Xinte Energy and its subsidiaries from October 2020 to December 2025.
JA Tech stated that the signing of the long-term purchase agreement with Xinte Energy provides a favorable guarantee for the company’s stable supply of raw materials.
Two “tens of billions” expansion during the year
Since the beginning of this year, the photovoltaic industry has ushered in a wave of production expansion. Under the background of multiple factors, photovoltaic companies have intensively announced expansion plans, and the whole industry chain has been expanding production sentiment.
As a leading company in photovoltaic integration, JA Solar has responded quickly, seizing market and policy opportunities, continuously strengthening its scale and cost advantages, and actively promoting the expansion process.
According to the company’s trend, this is JA Solar’s “tens of billions” investment announcement that once again shakes the photovoltaic circle this year.
On February 18, 2020, JA Solar announced that the company intends to invest 10.2 billion yuan in the construction of 10GW high-efficiency batteries and 10GW high-efficiency modules and supporting projects in Yiwu Information Optoelectronics High-tech Industrial Park. The project is planned to be implemented in two phases, the first phase is scheduled to reach production in December 2021, and the second phase is planned to reach production in December 2023.
It is reported that the total planned investment of the project is RMB 10.2 billion. The sources of funds include self-raised funds, including shareholder capital contributions, shareholder loans, and loans from financial institutions. The construction period of the project is estimated to be 4 years. Among them, the project is planned to be implemented in two phases. The first phase of 5GW batteries + 5GW modules is scheduled to reach production in December 2021; the second phase of 5GW batteries + 5GW modules is planned to reach production in December 2023.
Out of the company’s strategic needs for future capacity planning, JA Solar said that investing in this project will help the company further increase the production capacity of photovoltaic cells and modules, seize market development opportunities, and continuously increase market share.
In fact, JA Technology has set a certain benchmark in the industry. Since its establishment, the company has gradually established a vertically integrated industrial chain covering crystal pulling, silicon wafers, cells, modules and photovoltaic power stations. It has set up 12 production bases and more than 20 branches worldwide, with a product footprint covering more than 120 Countries and regions, widely used in ground photovoltaic power plants and industrial, commercial and residential distributed photovoltaic systems.
In addition, with its continuous technological innovation, sound financial advantages, and developed global sales and service network, JA Solar has been recognized by customers at home and abroad, and has been ranked among the Fortune China 500 and the Global 500 New Energy Companies for many consecutive years. “List.
It is worth mentioning that, looking at the photovoltaic industry rankings in recent years, the top companies have been changing, but JA Solar’s market rankings have always risen steadily, standing above the market. It is reported that the company is now the world’s second largest supplier of photovoltaic modules.