JA Solar Technology Plans 15 GW of New PV Production Capacity

JA Solar has announced that it plans to invest CNY 6.6 billion ($947.7 million) for the institution of two new solar PV manufacturing plants in China with a mutual annual production capacity close to 15 GW.

The company has signed a framework agreement with the management committee of a local industrial zone in China’s Zhejiang province regarding the proposed investment, it said in a bourse filing.

The firm intends to build a production facility in Yiwu city where it will be able to make 5 GW of solar PV cells per year, while a new 10-GW factory will produce PV modules. According to the manufacturer, the construction of the two new bases is expected to take around four years but this will not have an impact on its current revenue.