JA Solar to build 5GW module center, 2GW hybrid renewables project in Liaoning
- JA Solar has exposed plans to develop a 5GW module setting up plant in Chaoyang City, Liaoning Province.
In a statement to the Shenzhen Stock Exchange earlier today, JA verified it had signed a contract with the local government of Chaoyang City to develop a 5GW module setting up manufacturing facility as well as a 2GW hybrid wind and solar energy project.
Referred to as the 'Jiaoyang Chaoyang Comprehensive New Energy Industrial Base', the facility is anticipated to need a total investment of RMB10 billion (US$ 1.56 billion). Of that number, around RMB1 billion (US$ 156 million) is required for the production base, the declaration checked out.
Building of both projects is to be carried out in phases and also will certainly be completed within five years.
Information of the module center adheres to JA Solar introducing a series of investments into its manufacturing capability across the worth chain, from polysilicon ingots and also wafers to cells as well as modules.
In August this year the 'Solar Module Super League' member exposed it was to spend RMB5 billion in upstream polysilicon ingot as well as wafer projects after experiencing its operating costs soar in the initial half of the year, and also is a co-investor-- along with JinkoSolar-- in a polysilicon production facility being brought forward by Xinte Energy.
