JA Solar Holdings Co., Ltd. (JASO), one of the world's largest manufacturers of high-performance solar cells and solar power products, announced that it has signed a supply agreement with Huanghe Hydropower Development Co., Ltd. (Huanghe Hydropower), a subsidiary of China Power Investment Corporation, which is one the largest power generation companies in China. Under the terms of the agreement, JA Solar will supply Huanghe Hydropower with approximately 21 MW of solar products by September 2011.
"We're delighted to establish this relationship with Huanghe Hydropower, a leading developer of renewable energy projects in China," said Dr. Peng Fang, CEO of JA Solar. "China is increasingly turning to renewable sources to power its future energy requirements, a transition that will drive years of rapid growth in the solar sector. Leading power generation companies like Huanghe Hydropower will be right at the heart of this process. With China's recently announced nationwide feed-in tariff program for solar power, we believe China is well positioned to become a multi-gigawatt PV market and one of the most important solar markets in the world. By developing long term relationships with independent power producers at this early stage, JA Solar can support the development of the domestic solar end market while also ensuring that we benefit from its growth."