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JA Solar and Essel Infraprojects Limited Sign MOU on 500MW PV Joint
Venture
JA Solar and Essel Infraprojects Limited Sign
MOU on 500MW PV Joint Venture
Shanghai, China, May 25 , 2015 - JA Solar Holdings Co., Ltd. (Nasdaq:JASO )
(''JA Sola''), one of the world's largest manufacturers of high-performance
solar power products, today announced that it has signed a Memorandum of
Understanding (the ''MO'')
with its Indian business partner, Essel Infraprojects Limited (''EI''), to establish a solar cell
and module manufacturing facility joint venture (''J V ''). The MOU declares a 500MW production capacity
for the JV and outlines the duties of each party.
The agreement was reached on May 16th at
the India-China Business Forum held in Shanghai Narendra Modi , Chinese national leaders, and commercial and
industrial representatives of both countries were in attendance, including JA
Solar and its partner, EIL.
Cooperation opportunities in the photovoltaic
industry were a special focus at the Forum, as the leaders agreed that the
establishment of a photovoltaic park should be a priority on the agenda. More
than twenty different agreements were signed by representatives at the forum,
representing up to 22 billion U.S. dollars in total investments.