Only one week after revealing plans for an RMB10.2 billion (US$1.42 billion) built-in PV manufacturing venture, JA Photo voltaic has introduced it can additionally increase its present built-in capability.
On November 23, JA Photo voltaic mentioned that in line with the corporate’s want for strategic growth, it plans to increase its built-in manufacturing capability, together with the brand new Yangzhou 10GW cell venture and Qujing Part IV, which may have an annual output of 10GW of cells and 5GW of modules. The whole funding is predicted to achieve RMB7.44 billion (US$1.04 billion).
In line with the announcement, the investor of the Yangzhou cell venture is JA (Yangzhou) Photo voltaic Know-how Co. The venture contains web site rental and buying manufacturing gear and corresponding supporting services in order to determine an annual manufacturing capability of 10GW high-efficiency cell capability. Building is projected to take 12 months.
JA (Qujing) Photo voltaic Know-how Co is the investor for the Qujing Part IV venture, which is predicted to be constructed over 24 months.
JA Photo voltaic mentioned that the funding and building of the above tasks are in keeping with its future strategic plans and can contribute to its vertically built-in industrial chain structure.
As soon as put into operation, they’ll successfully enhance the output of highly-efficient merchandise to satisfy market demand, thus bettering the corporate’s profitability.
Earlier this month, JA Photo voltaic mentioned it had signed an settlement with the Shijiazhuang Municipal Authorities and the administration committee of the Shijiazhuang Excessive-Tech Industrial Improvement Zone. The corporate plans to construct an built-in good manufacturing unit for PV slicing, cell and module manufacturing in addition to an R&D centre.
JA Photo voltaic has been specializing in ramping up its built-in manufacturing capability because the starting of this yr, with a cumulative funding exceeding RMB30 billion (US$4.18 billion).
In line with the corporate’s plan, its module capability will attain 50GW by the tip of 2022 and 75GW by the tip of 2023, whereas wafer and cell capability will stay at about 80% of module capability.