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JA Solar Holdings announced that it has begun shipping modules to both China Guangdong Nuclear Solar Energy Development (CGN) and China Power Investment Corporation (CPI). JA Solar signed a supply agreement with subsidiaries of CGN for an initial 30MW of modules, which will be delivered by the end of this year. The total 70MW shipment to CGN will see the modules used at projects in China’s Qinghai and Xinjiang provinces.
JA Solar’s 90MW shipment to CPI was initiated with a signed supply agreement with subsidiaries of CPI for an initial 40MW of modules. The modules are anticipated to have delivery completed by the end of this year as well.
Dr. Peng Fang, CEO of JA Solar, said, "This cooperation with CGN, one of China's largest utility companies, is yet another clear sign that project developers in China increasingly recognize JA Solar for the reliability and affordability of our world-class product offering. Combined with our stable financial position, this forms a solid foundation for JA Solar's continued long-term growth in this promising market." He additionally noted, "China is one of the most important growth engines in the global solar industry, and this cooperation with a major utility company demonstrates our strong position in this promising market. Like their peers in other markets, project developers in China demand that their suppliers offer quality, reliability, affordability and financial stability. JA Solar's ability to deliver across all these criteria ensures that we are well positioned for strong growth here."
