JA Solar Technology to Invest 11.33 Billion Yuan in Expansion Projects, Increasing Annual Production Capacity of Solar Cells and Modules by 23.6GW

PVTIME – Around noon today, JA Solar Technology Co., Ltd. issued four announcements in succession, two of
which were particularly exciting.

The "Announcement on the Investment and Construction of Yiwu's 10GW
Annual Production High-Efficiency Solar Cells and 10GW High-Efficiency Modules Projects"

and the “Announcement on the Investment of Wholly-Owned Subsidiary, Jingao
Solar Co., Ltd.’s 3.6GW High-Efficiency Solar Cells Production Plant Upgrade Project”

With several other major competitors such as LONGi, Zhonghuan
Semiconductor, and Tongwei announcing large-scale expansion projects,
JA Solar’s expansion plans not only demonstrates the company’s intentions of
being a major player in the changing industry environment but also adds even
more pressure on small and medium-sized enterprises in the post subsidy era.

According to the announcement, on December 31, 2019, JA Solar and the
Management Committee of Yiwu Information Optoelectronics High-Tech Industrial
Park signed the project framework agreement with intentions to produce 5GW of
high-efficiency solar cells and 10 GW of high-efficiency modules annually. The
total investment for this project is estimated to be 10.2 billion yuan.

The construction period for the project is expected to be four years and
will be implemented in two phases. The first phase of 5GW solar cell and 5GW
modules, is scheduled to be put into production in December of 2021. The
remaining 5GW solar cell and 5GW modules of phase two is expected to be put
into production in December of 2023.

Additionally, based on strategic development needs of the company, JA Solar
Technology plans to upgrade the third and fourth workshops of its wholly-owned
subsidiary, JA Solar
Co. to achieve an annual high-efficiency solar cell production capacity of
3.6GW. The project is expected to be completed in 8 months and the investment
total for this upgrade is estimated to be 1.13 billion yuan.

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