JA Solar breaks ground on $1bn Vietnam solar cell factory: reports


Chinese Tier-1 solar company JA Solar on Saturday broke ground on the construction of a new $1 billion solar cell factory in Vietnam, according to reports by local media outlet Viet Nam News.

The groundbreaking ceremony was held at a location at the Quang Chau Industrial Park in Vietnam’s Bac Giang province. JA Solar in the summer secured land rights to lease an 88 hectare plot at the site, which will now see an initial investment of $320 million over three years pour in.

JA Solar has not yet confirmed additional details of the final planned size of the solar cell fab, but it was reported that the construction and subsequent operation of the facility will provide 3,000 jobs and be worth around $500 million per year in turnover for the firm.

The Chinese company has a nameplate solar cell capacity in Malaysia of close to 1 GW, and the Vietnam plant would serve to augment its overseas production hubs that are intended to serve the U.S. and European markets – markets that remain prohibitively expensive for Chinese-produced solar components due to the various trade barriers in place.

In September the company voluntarily withdrew from the EU’s Minimum Price Undertaking (MIP) – a move triggered by the continued price declines of solar modules and JA Solar’s increased overseas capacity.

At the time, JA Solar CEO Baofang Jin said that the current MIP does not reflect recent price trends in the market, and stressed that it "adversely impacts our ability to execute our business strategy".

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.