JA Solar to Invest RMB 10 Billion for Third Phase Expansion at Its Base in Qujin – EQ Mag Pro
JA Solar’s production base in Qujing will undergo third-phase expansion to raise its cell production capacity by 10GW and its module production capacity by 5GW. The investment framework agreement for the third-phase expansion was signed between the representatives from JA Solar and the officials from the government of Quijing on March 5 in Beijing.
In the third-phase expansion, JA Solar will invest RMB 10 billion to build a 10GW production facility for high-efficiency PV cells and a 5GW production facility for PV modules. They will be located near the wafer and ingot production facilities that the company is currently setting up in the city’s economic and technological development zone.
Earlier in August 2020, JA Solar initiated a RMB 5.8 billion project to establish 20GW of ingot and wafer production capacity in Qujing. In a related article posted by Yicai Global on March 8, JA Solar also stated that Chinese securities regulator has greenlighted its plan to raise RMB 5 billion through the issuance of non-public shares over the next 12 months.
Qujin has recently experienced a solar boom. Besides JA Solar, LONGi also announced on March 4 that it has further upgraded the plan to expand its wafer and ingot production capacity in Qujin. The company and the municipal government have signed a supplemental agreement to the investment agreement that was inked in September 2020.
Instead of setting up 20GW of production capacity for mono-Si wafers in the economic and technological development zone of the city as originally envisioned, LONGi is going to add another 10GW to bring the local wafer production capacity to a total of 30GW. As for the local ingot production capacity, LONGi is sticking with the original target of 20GW.