JA Solar completes Silver Age acquisition

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JA Solar says it issued 30,901 million ordinary shares to the sellers, including Jinglong Group Co., Ltd., an affiliate of the company, as consideration.

At the start of July, JA Solar announced its plans to acquire Silver Age, which owns China-based wafer and quarz crucible manufacturer, Solar Silicon Valley Electronic Science and Technology Co., Ltd, for USD$180 million. Solar Silicon Valley is, in turn, 70 percent owned by Jinglong Group, a company controlled by JA Solar’s chairman, Baofang Jin.

According to a statement released at the time, the acquisition will boost JA Solar’s wafer capacity by 485 megawatts (MW), thus taking the company’s total capacity to around 785 MW.