JA Solar Reaches Important Milestone: Monocrystalline PV Product Shipments Total 7GW Over Last Decade

BEIJING, July 26, 2016 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar"), one of the world's largest manufacturers of high-performance solar power products, today announced that as of middle of July this year, the company's shipments of monocrystalline PV products over the last ten years had totaled 7GW.

The strong shipment performance is the result of JA Solar's unremitting commitment to the development of higher-efficiency solar products. JA Solar was founded in 2005, and started production in March 2006. The company focuses on the research and development of monocrystalline cell products, and has accumulated rich experience in the area. Since 2010, JA Solar has been one of the world's leading solar cell producers and the largest P-type monocrystalline cell manufacturer. The world-class cell technologies enable JA Solar to manufacture PV modules with high conversion efficiency, high power output and high reliability. After transforming its main business from cells to modules, JA Solar's shipments of monocrystalline modules reached 500MW in 2013, making the company the world's largest P-type monocrystalline module provider. In 2014, the company shipped more than 1GW of monocrystalline modules, and the figure for 2016 is expected to near 2GW.

Percium, launched in October 2013 as a flagship product, is a high-efficiency monocrystalline module developed by JA Solar. Percium modules incorporate cells using Passivated Emitter and Rear Cell ("PERC") technology and JA's PERC cells have delivered continuous improvement in conversion efficiency over the past three years. In June 2014, volume production began for Percium high-efficiency cells, making JA Solar the industry leader in furnishing an average conversion efficiency of over 20% for a mass-produced P-type cell. Percium family products now have average conversion efficiencies of up to 21%; the average power output of 60-cell modules exceeds 295W, and that of 72-cell modules exceeds 345W. Percium modules feature better low-light performance, a lower temperature coefficient, lower light attenuation, and better PID resistance. For comparison, they generate 2% more electricity per rated "watt" than conventional monocrystalline modules.

In 2015, China launched an initiative, the "Front Runner" project, with the aim of bringing about a transformation of the PV industry and driving the industry to develop higher efficiency and lower cost per watt products. This undoubtedly provides a significant growth opportunity for JA Solar. As one of the few manufacturers in China that have the capacity to mass-produce high-efficiency monocrystalline PV modules, JA Solar provided 422MV modules for the national advanced PV technology demonstration project in Datong, Shanxi province, including 303MW monocrystalline modules. The first phase of the project has a total installed capacity of 1GW, for which JA Solar is providing 42% of modules needed, with monocrystalline modules accounting for more than 30% of the project's total. In addition, JA Solar produces five types of PV modules that meet or exceed China's "Front Runner" standards.

"JA Solar is one of the monocrystalline PV products manufacturers with the longest history, and is also the largest P-type monocrystalline modules provider in the world," said Mr. Jian Xie, President of JA Solar. "Reaching the shipments of 7GW monocrystalline modules demonstrates consumers' confidence in the quality of such products and the popularity of our high-efficiency products on the market. As the trend of monocrystalline module recovers in China, we intend to further bolster our track record of innovations in technology, with the goals of better conversion efficiency and improved manufacturing processes. JA Solar is proud to play a key role in the transformation and improvement of China's PV and manufacturing sectors."