The project, located in the city of Lingwu, has been jointly developed by the Angli Group and China Datang Corporation. According to a statement released, it qualifies for a feed-in tariff (FIT) of RMB1.15 per kilowatt hour under Chinas recently introduced FIT program.
While no further project details were immediately available, Peng Fang, CEO of JA Solar said the national FIT program is promoting strong photovoltaic growth in China, and providing "increasingly attractive" internal rates of return.
"We are confident that China will grow to be a multi-gigawatt market in 2012 and for the foreseeable future, and we believe that JA Solar is ideally positioned to benefit from this rapid growth," he stated.
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