JA Solar to develop $189-million facility in Vietnam
JA Solar to develop $189-million facility in Vietnam
JA Solar, a solar cell and module manufacturer, has set out to invest $189 million into increasing the supply of high-efficiency products and raw materials in Vietnam.
The Chinese company announced its plans to expand its existing integrated production capacity by an additional 14GW to meet its strategic development needs for the $543 million of total investment.
Accordingly, the investor will develop 2.5GW at Vietnam’s Bac Giang province in the form of wafer slicing capacity for $189 million through the company’s wholly-owned subsidiary JA Solar Vietnam Co., Ltd.
Construction and completion are expected to take around 12.5 months.
JA Solar entered Vietnam in 2016 with the first solar cells production plant worth $1 billion.
At present, its annual production capacity in Vietnam stands at 1.5GW of silicon wafer and 3.5GW of solar modules.
A 3.5GW photovoltaic cell technology project with registered capital of $210 million is also under construction and set to begin operation in the second quarter of this year.
