Chinese solar panel company to spend $947 mln on two plants
21:48
Chinese solar panel manufacturer JA Solar Technology will spend $947 million on two photovoltaic plants located in Checheng province in eastern China, Bloomberg agency said on Thursday.
The first plant in the city of Yiwu will produce annually components with a total capacity of about 5 GW. The second plant in this area is to provide about 10 GW in solar panels, the company pointed out.
Bloomberg reminded that Chinese solar companies such as JA Solar, Tongwei and LONGi Green Energy Technology are currently trying to increase production capacity to reduce costs and strengthen their operating activities.
