As one of the leading Chinese module manufacturers, JA Solar has been focusing on ramping up its manufacturing capacity and 2023 is no exception. Prior to Intersolar Europe 2023, the company announced a plan to construct a project in China’s Ordos High-Tech Zone, with an annual production capacity of 30GW of ingots, 10GW of silicon wafers and 10GW of modules.
JA Solar has announced a plan to construct a project in the Ordos High-Tech Zone, with an annual production capacity of 30GW ingots, 10GW silicon wafers, and 10GW modules. The total investment amounted to about RMB6.02 billion (US$870.1 million).
China's PV module companies released their financial reports for 2022 and the first quarter of 2023 at the end of April, with some of the leading manufacturers posting strong performance.
JA Solar is looking to capitalise on strong demand for modules in the Middle East as developers plan ever-larger solar projects and governments encourage the deployment of distributed PV systems.
JA Solar intends to fund the construction of a major PV manufacturing facility by issuing convertible bonds to raise up to RMB8.96 billion (US$1.3 billion).
Chinese module manufacturer JA Solar has announced its plan to invest RMB40 billion (US$5.9 billion) to construct a vertically integrated PV industry hub in Inner Mongolia.