Wells Fargo and JA Solar Holdings have mutually entered a strategic cooperation agreement with ambitions to heighten JA Solar’s presence in the US and throughout broader international markets. The agreement will see Wells Fargo support JA Solar with commercial banking services, potential financing for JA Solar’s US Sales, manufacturing and project development activities, project financing and other strategic initiatives that will arise. Financial details for the cooperation agreement were not revealed.
“Prospects for the solar energy market in the U.S. are quite attractive over the long-term,” said Puon Penn, head of Wells Fargo's National Cleantech Group. “Wells Fargo continues to expand its commitment to the industry by building strong relationships with well-established, innovative solar companies throughout the world, including firms in China and across Asia, and providing the commercial banking and other financial services that these companies need to grow and thrive.”