星期二, 九月 29, 2020
Home PV News JA Solar plans to raise no more than 5.2 billion yuan so...

JA Solar plans to raise no more than 5.2 billion yuan so as to develop high-efficiency solar batteries and modules project

On the evening of April 10, JA Solar issued a private placement announcement, the company plans to raise no more than 5.2 billion yuan, which will be used for the annual production of 5GW of high-efficiency batteries and 10GW of high-efficiency modules and supporting projects as well as supplement of working capital. The reporter noted that in the “last year of photovoltaic subsidies “, the major photovoltaic enterprises have been continuously raising the quota of related projects, analysts also pointed out that the in 2020 Chinese market May usher in the” ultimate rush to install “.

In particular, 3.7 billion yuan will be used for the annual production of 5GW of high-efficiency batteries and 10GW of high-efficiency modules and supporting projects, 1.5 billion yuan will be used to supplement the working capital.

The number of shares in the non-public offering is calculated by dividing the total amount raised by the offering price and does not exceed 30 percent of the total share capital of the pre-ipo company, or about 403m shares, JA said.

JA Solar is a manufacturer of high performance photovoltaic products with an industrial chain covering silicon wafers, batteries, modules and photovoltaic power stations.

One of the fund-raising investment projects is the annual production of 5GW high-efficiency batteries and 10GW high-efficiency modules and supporting projects, mainly producing high-efficiency monocrystal PERC bifacial batteries and high-efficiency monocrystal PERC bifacial modules, which is an important part of the company’s continuous improvement of advanced production capacity in the future.

JA said that the implementation of this project will help the company to improve the scale of production capacity and market share, further strengthen the effect of scale, enhance the competitiveness of the enterprise, conducive to the future sustainable development.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Apple data center in Denmark powered by 50 MW of solar

Apple has revealed that its data center in Viborg, Denmark, is now being powered by a 50 MW solar project under a long-term power...

Solar + storage experiment in Tampa Bay selected for Solar Energy Innovation Network project

An innovative solar + storage research project led by the Tampa Bay Regional Planning Council has been selected as a finalist for the Solar...

Chinese PV Industry Brief: 350 MW wind-solar project, 200 MW of floating PV

Longyuan Energy said this week that it has signed an agreement with the municipal authorities in Binzhou, Shandong province, to build 300 MW of solar...

IEEE creates education and credentialing program for interconnecting distributed resources to the grid

IEEE and the IEEE Standards Association (IEEE SA) announced the IEEE Std 1547-2018 Distributed Energy Resources (DER) Interconnection Commissioning: Education and Credentialing Program, a new...