JA Solar targeting 16GW of module shipments in 2020 as production capacity ramps

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
JA Solar surpassed 10GW of PV module shipments in 2019 for the first time, while targeting further growth of 16GW of shipments in 2020.  Image: JA Solar

‘Solar Module Super League’ (SMSL) member JA Solar surpassed 10GW of PV module shipments in 2019 for the first time, while targeting further growth of 16GW of shipments in 2020. 

The SMSL has reported full year financial results having returned to the Chinese stock market via a small cap takeover. 

JA Solar reported full year 2019 revenue of approximately RMB 19.6 billion (US$2.982 billion), up 7.67% from the prior year but has not yet surpassed record revenue set in 2017 when listed on NASDAQ. This is mainly due to ASP pressure as module shipments have increased year-on-year.

JA Solar reported full year 2019 revenue of approximately RMB 19.6 billion (US$2.982 billion).

Net profit attributable to shareholders was RMB 1.252 billion (US$176.4 million) a year-on-year increase of 74.09%. 

Net profit attributable to shareholders was RMB 1.252 billion (US$176.4 million) a year-on-year increase of 74.09%.

PV shipments in 2019 were reported to be 10,260MW, a record annual shipment figure and the first time the company had surpassed the 10GW milestone of annual shipments and the second only SMSL to have surpassed the milestone to date for 2019 financial reporting. 

PV module shipments year-on-year increase was 27.26%, with overseas module shipments of 7.55GW, a year-on-year increase of 55.35%.

PV module shipments year-on-year increase was 27.26%, with overseas module shipments of 7.55GW, a year-on-year increase of 55.35%.

Manufacturing update

JA Solar said that at the end of 2019, wafer capacity stood at 11.5GW, solar cell capacity stood at 11GW, and a module assembly capacity had reached 11GW.

JA Solar has already announced significant capacity expansion plans for 2020 onwards, which includes 10GW of high-efficiency solar cell and module assembly capacity in a four-phased, multi-year expansion. The company also has plans for major mono solar cell technology upgrades totaling 3.6GW at its facilities in Xingtai City, Hebei Province, China. 

The company is projecting PV module capacity to exceed 16GW in 2020, while targeting 16GW of module shipments. Wafer and solar cell capacity are expected reach around 13GW by the end of 2020, according to PV Tech’s analysis.

JA Solar said that at the end of 2019, wafer capacity stood at 11.5GW, solar cell capacity stood at 11GW, and a module assembly capacity had reached 11GW.

Read Next

September 22, 2021
China has appealed a recent World Trade Organization (WTO) ruling that rejected the country’s challenges to the US' safeguard tariffs on certain crystalline silicon PV cells.
September 15, 2021
Solar module manufacturer Seraphim has started construction on new phases of its 10GW module manufacturing facility in Jinzhai, China.
September 9, 2021
Three of the solar industry’s leading manufacturers have launched a standardisation drive aimed at creating a standard for module sizing and mounting hole spacing.
September 3, 2021
The World Trade Organization (WTO) has rejected China’s challenges to US safeguard tariffs on certain crystalline silicon PV cells, ruling that the measures have not breached global trade rules.
September 1, 2021
Solar manufacturer Tongwei increased the prices of its cells for the second time in a month on Monday, with polysilicon pricing also edging upwards this week.
August 30, 2021
JA Solar has disclosed plans to invest up to RMB5 billion (US$773 million) in upstream silicon rod and wafer projects after witnessing its operating costs soar in the first half.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021