JA Solar has signed an agreement with the government of Yangzhou, Jiangsu province, to build a new 10 GW solar cell factory. The company said it wants to invest CNY 2.62 billion ($390.5 million) in the new facility.
Irico New Energy has signed a two-year, CNY 2.22 billion extension of its agreement to supply products and services to JA Solar. Their previous two-year strategic cooperative arrangement expired at the end of March.
Shunfeng International Clean Energy halted trading of its shares this week, pending a proposed asset disposal. In June, the company said the planned CNY 890 million sale of four solar projects to a state-owned entity had fallen through. The disposal of that capacity, totaling 132 MW, had been complicated by a court order that froze the assets of one of the solar project companies.
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