JA Solar targeting 16GW of module deliveries in 2020 as manufacturing capability ramps

Mar 31, 2020 04:24 PM ET
  • ' Solar Module Super League' (SMSL) participant JA Solar exceeded 10GW of PV module deliveries in 2019 for the very first time, while targeting additional development of 16GW of deliveries in 2020.
JA Solar targeting 16GW of module deliveries in 2020 as manufacturing capability ramps
Image: JA Solar

The SMSL has actually reported complete year monetary outcomes having actually gone back to the Chinese securities market using a small cap requisition.

JA Solar reported complete year 2019 earnings of about RMB 19.6 billion (US$ 2.982 billion), up 7.67% from the previous year yet has actually not yet gone beyond document profits embeded in 2017 when noted on NASDAQ. This is mostly because of ASP stress as module deliveries have actually enhanced year-on-year.

Internet earnings attributable to investors was RMB 1.252 billion (US$ 176.4 million) a year-on-year rise of 74.09%.

PV deliveries in 2019 were reported to be 10,260 MW, a document yearly delivery number as well as the very first time the firm had actually gone beyond the 10GW turning point of yearly deliveries as well as the 2nd only SMSL to have actually exceeded the landmark to day for 2019 economic coverage.

PV module deliveries year-on-year rise was 27.26%, with abroad module deliveries of 7.55 GW, a year-on-year boost of 55.35%.

Production upgrade

JA Solar stated that at the end of 2019, wafer capability stood at 11.5 GW, solar battery ability stood at 11GW, and also a module setting up capability had actually gotten to 11GW.

JA Solar has actually currently introduced substantial ability development prepare for 2020 onwards, that includes 10GW of high-efficiency solar battery as well as module setting up capability in a four-phased, multi-year development. The firm additionally has prepare for significant mono solar battery innovation upgrades amounting to 3.6 GW at its centers in Xingtai City, Hebei Province, China.

The firm is predicting PV module capability to surpass 16GW in 2020, while targeting 16GW of module deliveries. Wafer as well as solar battery capability are anticipated get to around 13GW by the end of 2020, according to PV Tech's evaluation.

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