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.
Module manufacturer JA Solar has signed a PV module supply agreement with engineering, procurement and construction company Samsung C&T for a PV power plant project in Qatar.
Just one week after revealing plans for an RMB10.2 billion (US$1.42 billion) integrated PV manufacturing project, JA Solar has announced it will also expand its current integrated capacity.
The top four solar module manufacturers had shipments totalling more than 114GW during the first three quarters of 2022, as demand slowed in Europe but grew rapidly in China.
Solar module companies are more than willing to expand production this year, with new module project announcements from old and new players continuing to emerge.
Solar Module Super League (SMSL) member JA Solar achieved an operating revenue of RMB49.323 billion (US$6.8 billion) in the first three quarters on 2022, a year-on-year increase of 89%, according to the company’s financial results released yesterday.
Global polysilicon capacities are on track to reach 295GW by the end of 2022 as six new facilities ramp up production this quarter, according to new research from Clean Energy Associates (CEA).
