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JA Solar (JASO) Announces Supply Agreement with Solarhybrid for Project in Germany

|Includes: JA Solar Holdings, Co., Ltd. (JASO)

China-based JA Solar Holdings Company Ltd. is one of the world’s largest manufacturers of high-performance solar cells and solar power products. The company sells its products worldwide, converting sunlight into electricity for residential, commercial and utility customers.

The company today announced that it has entered into an agreement with Solarhybrid AG, a German project developer and general contractor for turnkey utility-scale solar power projects. JA Solar will supply 19 megawatts of solar modules to Solarhybrid’s Allstedt I solar power plant in Halle, Germany and be the exclusive solar module provider to the project.

The Allstedt I solar power plant is expected to generate just over 19 million kilowatts of electricity annually and reduce carbon dioxide emissions by more than 266,000 tons over a service period of 20 years. The power plant is scheduled to be connected to the grid and begin operations very soon.

JA Solar expects total module shipments to Solarhybrid to reach 40 megawatts this year, including the 19 megawatts for the Allstedt I project. For additional information on JA Solar, please visit the company’s website at jasolar.com

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