Thursday, February 16, 2012

JA Solar Supplies 23MW of Modules for PV Installation in China's Ningxia Province


SHANGHAI, China, Feb. 16, 2012 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd., (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar cells and solar power products, today announced that it has supplied 23MW of solar modules to a utility-scale photovoltaic project in the city of Lingwu, Ningxia province, China.

Jointly developed by the Angli Group and China Datang Corporation ("Datang"), this project qualifies for a feed-in tariff of RMB1.15/kwh under the FiT program introduced by China's National Development and Reform Commission (NDRC) in August 2011.

"We are pleased that JA Solar's high quality PV modules were selected by Angli Group and Datang, one of China's leading independent power producers, for their utility-scale project in Ningxia. China's feed-in tariff program is creating an increasingly attractive IRR for solar projects, and we are seeing strong growth in installation activity across the country," said Dr. Peng Fang, CEO of JA Solar. "We are confident that China will grow to be a multi-gigawatt market in 2012 and for the foreseeable future, and we believe that JA Solar is ideally positioned to benefit from this rapid growth. As one of the world's leading suppliers of high-quality, low-cost solar products, JA Solar combines local market knowledge with global industry expertise, making us the natural partner for China's solar project developers."