JA Solar has closed financing for the equipment at a 1.5GW wafer plant in Vietnam.
The company has secured a US$68.4 million loan, with a seven-year term, from China Minsheng Bank.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
Not ready to commit yet?
Already a subscriber? Sign In
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
The finance will be provided to JA Solar Vietnam with a guarantee from the parent company.
The company’s annual report claimed that 500MW of capacity at the Vietnam facility would be up and running by the end of 2018. As of the end of 2017, the company had wafer capacity of 2.7GW, 6.5GW of cell and 7GW of module capacity.
