| JA Solar Ships Modules for Largest Solar Project in Philippines | |
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JA Solar Holdings Co., Ltd. JASO has completed module shipment of 92.5 megawatts (“MW”) for the largest solar photovoltaic (PV) power project in Philippines.
The facility is located in Cadiz City of the Negros Occidental province, near the equator and around 3 km away from the coastline. It is has a total capacity of 132.5 MW, of which 92.5 MW will be equipped with JA Solar’s JAP6-72 310W modules, including an initial on-site installment of more than 30 MW.
Strong winds at the facility, along with humid and salty air conditions, call for high-quality solar modules that are resistant to potential induced degradation (“PID”), salt spray corrosion and wind pressure. In this context, we note that JA Solar is the first global manufacturer to begin mass production of solar cells that are 100% PID-resistant. Now, the company leads the market with its PID-resistant solar modules.
Moreover, the company's JAP6 modules are capable of performing under strong wind loads (2400Pa) as well as snow loads (5400Pa), thereby confirming its long-term stability and power output efficiency.
According to the company’s president, module shipments for the Cadiz City solar project mark its entry into the Philippine market as well as its commitment to build its presence in emerging markets.
JA Solar caters to a geographically diversified pan-continental customer base, spanning over Germany, Italy, the U.S., Spain, India, Korea, China and Japan. The company’s focus on widening its geographical customer base has resulted in incremental international sales. The company is expanding its presence by working with local partners in Japan, the UK, South Africa and Latin America. The company’s shift in focus to solar modules from cells is paying off. The company’s resilient business model, attractive product mix as well as its ability to adapt to changing market scenarios, as evident from its shift in focus to solar modules, will ensure solid revenue growth, going forward.
JA Solar has closed its third-quarter 2015 financials and will release earnings on Nov 17, 2015. Other companies in the solar sector like Yingli Green Energy Holding Co. Ltd. YGE, ReneSola Ltd. SOL and Sunrun Inc. RUN are also scheduled to release their third-quarter results soon.
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Ja Solar Holdings Co. Ltd.
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CODE : JASO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Ja Solar is based in China. Ja Solar is listed in Germany and in United States of America. Its market capitalisation is US$ 71.2 millions as of today (€ 62.5 millions). Its stock quote reached its lowest recent point on November 21, 2008 at US$ 1.55, and its highest recent level on April 02, 2015 at US$ 9.98. Ja Solar has 9 510 000 shares outstanding. |