Chinese solar products provider JA Solar announced yesterday that the company has signed the investment framework agreement with the people’s government of Chaoyang City and Chaoyang County in Liaoning Province, investing in the construction of JA Solar Chaoyang Comprehensive New Energy Industry Base.
The base includes planned construction of an annual output of 5 GW intelligent and efficient photovoltaic module manufacturing and supporting equipment industrial base project and 2 GW wind and photovoltaic power station base project, with a total of RMB 10 billion yuan.
The manufacturing project will be constructed and put into operation in batches within five years, and the power station project will be invested and constructed in stages and batches according to the approved progress of indicators. The signing of the agreement will not have a significant impact on the company’s operating performance in 2021.
JA Solar is one of the leading enterprises in the global photovoltaic industry, with an operating revenue of RMB 25.847 billion yuan in 2020, of which the module business revenue accounts for more than 90%. The company’s business scope covers 135 countries and regions around the world, and the shipment of photovoltaic modules ranks among the top three in the world for three consecutive years. According to the information disclosed in the company’s 2021 semi annual report, it is expected that by the end of 2021, the company’s module capacity will exceed 40 GW, and the capacity of silicon wafer and cell will reach about 80% of the module capacity respectively.
As early as this January, the company has announced a 10 GW cell and 6 GW module project in Yangzhou, with an investment of RMB 10 billion yuan; In March, the company announced to start the investment and construction of 20 GW photovoltaic cells, modules and supporting photovoltaic equipment projects in Jiangsu Economic Development Zone, with a total investment of RMB 10.2 billion yuan; In August, the company also issued a plan to build a 20 GW monocrystalline silicon rod and 20 GW monocrystalline silicon wafer project in Qujing City, Yunnan Province, with a total investment of nearly RMB 5 billion yuan.
So far, the company’s capitalization has reached RMB 144.6 billion, the highest value in the year has exceeded RMB 160 billion, an increase of more than 120% since the beginning of the year, and it’s expected to reach a new high with the gradual formation of brand and channel barriers and the continuous improvement of production capacity.
