- Solar module maker JA Solar has signed an agreement with the government of Chaoyang City, Liaoning Province, for the construction of a 5 GW solar module factory and the deployment of a 2 GW hybrid wind-solar-storage facility.
- The entire project will require a total investment of RMB10 billion ($1.55 billion) and is scheduled for completion within five years.
- According to the recently released BloombergNEF (BNEF) 2021 PV module bankability survey, JA Solar is in the top tier of PV module manufacturers in terms of financial stability and reputation, with its bankability recognized by BNEF’s 100% recommendation index.
BNEF’s evaluation of the bankability of module manufacturers is based on an analysis of track records, financial stability, and module technologies after its survey of banks, funds, solar engineering contractors, independent power producers and technical advisers, with global coverage.
According to BNEF’s data on global term-loan financed projects, since August 2019, JA Solar’s module supply has accounted for the highest proportion, which shows that JA Solar’s immense bankability has been recognized by the whole PV market.
The survey results also integrate module test data sourced from PV Evolution Labs (PVEL), an independent third-party test lab and Renewable Energy Test Center (RETC), an authoritative testing agency from the United States.
JA Solar – a Top Performer
According to PVEL’s 2021 PV Module Reliability Scorecard, JA Solar has been recognized for the sixth time as a “Top Performer.” The 2021 Scorecard is a detailed summary of test results lasting over an 18-month period. The PV module Product Qualification Program (PQP) includes tests and analyses on thermal cycling (TC600), damp heat (DH2000), potential-induced degradation (PID192), light-induced degradation (LID), light and elevated temperature-induced degradation (LeTID), and more. In comparison with most standardized tests, PQP is more rigorous in terms of both conditions and sequences, and consequently the results obtained are more detailed and significant for practical module application scenarios. Being named as “Top Performer” by PVEL is precious recognition of the quality and excellent performance of JA Solar’s PV products.
Author: Bryan Groenendaal