PVTIME – JA Solar released its 2021 non-public stock offering plan on August 23. According to the announcement, JA Solar plans to raise no more than 5 billion yuan which will be used to supplement its business operations as listed in the table below.
| Project Name | Investment Total | Amount to be used from raise |
| Annual 20GW mono ingot and 20GW mono wafer projects | 590,290.76 | 320,000.00 |
| High-efficiency solar cell R&D pilot projects | 35,629.21 | 30,000.00 |
| Supplement working capital | 150,000.00 | 150,000.00 |
| Total | 775,919.97 | 500,000.00 |
| Unit: 10,000 Yuan |
JA Solar said that the company’s photovoltaic products are based on monocrystalline PERC technology. However, the current limited for further improvement in the conversion efficiency of PERC cells and grid parity policy guidelines continue to pressure the photovoltaic industry to increase conversion efficiency and reduce power generation costs.
JA Solar added that it is urgent to develop a new generation of high-efficiency cell technology. At present, the conversion efficiency of laboratory-produced heterojunction (HJT) photovoltaic cells has exceeded 26%, and the process steps are relatively simple and the power generation performance is excellent. It is one of the key development directions of high-efficiency cells in the future.
The high-efficiency solar cell R&D pilot projects to be funded by the raise this time is in line with the company’s strategic development plan in the field of new-generation high-efficiency solar cells and will facilitate the link between R&D and production while laying a solid foundation for future large-scale production.
