JA Solar Holdings Co. Ltd, a leading manufacturer of high-performance solar power products, announced at Intersolar Europe that it has partnered with the Energy research Centre of the Netherlands (ECN) to introduce the metal wrap through (MWT) solar cell and module technology into production.
Through this partnership, JA Solar and ECN will work together to produce cost-effective, high-efficiency solar modules that have the promise to reduce the cost of electricity, generated through solar energy.
The MWT technology minimizes shading loss at the front cell surface, resulting in an increasingly active front surface area of the solar cell. Modules can be assembled in a fully automated process with Eurotron equipment. This technology allows the handling of thin solar cells at high throughput and yield.
ECN has recently successfully manufactured high-efficiency MWT solarmodules, achieving a world record efficiency in 2009 of 17.0 percent(aperture area) for photovoltaic modules with multi-crystalline silicon cells.
“We are very pleased to be working with ECN to develop the next generation MWT solar cell technology for high-efficiency solarmodules,” said Yong Liu, senior VP of Manufacturing and CTO of JA Solar. “The MWT technology can effectively increase photovoltaic module conversion efficiency with the benefit of higher power output and it allows further reduction of material costs, lowering the cost of solar electricity,” he said.
“A crucial element in ECN’s mission is to bring technology to application,” said Ton Hoff, managing director of ECN. “We are therefore very happy that ECN’s technology is going to be industrialized in cooperation with a leading innovative partner like JASolar.”
“We are excited that the largest cell manufacturer intends to produce MWT cells,” said Bram Verschoor, commercial director of Eurotron. “This opens up an enormous market potential for our MWTmodule manufacturing equipment. We are very pleased with ECN’s support to bring our technology to the market,” he said.
JA Solar Holdings Co., Ltd. (Nasdaq: JASO) (“JASolar” or the “Company”), one of the world’s largest manufacturers of high-performance solar cells and solar power products, today announced that it will showcase a new generation of high-efficiency solar modules and solar cells powered by its proprietary SECIUM and Maple technology at this year’s Intersolar exhibition, which will be held in Munich, Germany, in early June.
Developed using JA Solar’s proprietary new high-efficiency solar cell processing technology, SECIUM, and Maple cells can achieve conversion efficiency levels well above those of conventional solar cells. Mono-crystalline SECIUM cells can achieve a conversion efficiency of up to 19.2%, while poly-crystalline Maple cells can achieve up to 18.2%. Both products are already in volume production and are available for immediate shipment in large quantities.
The new SECIUM 260W PV module product features sixty 6-inch mono-crystalline SECIUM cells, while the SECIUM 300W PV module employs a 72-cell format. Both are designed to take full advantage of the higher power output of SECIUM cells and deliver some of the highest power-per-area ratios in the industry, making them ideal for application in area-constrained solar projects. The Maple 250W module utilizes JASolar’s newly developed Maple poly-crystalline solar cell in a sixty-cell format, providing a cost-effective solution for maximizing power output over a limited area.
PV module products incorporating JA Solar’s new SECIUM and Maplesolar cells generate approximately 10% more power than conventional polycrystalline PV modules, enabling a lower weight-per-area ratio as well as reducing balance-of-system and installation costs per watt.
“We are pleased to showcase our new best-in-class products at the Intersolar Exhibition,” said Dr. Peng Fang, CEO of JA Solar. “The advanced technologies powering our new generation of products take the cost/performance ratio of solar products to the next level, and offer compelling value to end customers looking for cost-effective solutions that maximize power output over a limited area. These products are ideal for application in rooftop and area-constrained installations, a market where we see significant opportunities for growth over the next year.”
JA Solar will showcase the new solar cell and module products at booth A3 #360, at the Intersolar Exhibition, which will take place at the New Munich Trade Fair Centre from June 8 to 11, 2011.
JA Solar Holdings Co. Ltd, one of the world’s largest manufacturers ofhigh-performance solar cells and solar power products, has entered into a definitive agreement to acquire 100 percent ownership interest inSilver Age Holdings Ltd, a British Virgin Islands company that owns 100percent of Solar Silicon Valley Electronic Science and Technology Co.Ltd, a leading producer of solar wafers based in China, in a transaction that values Solar Silicon Valley at approximately $180 million.
At the time of closing, JA Solar will issue 30.901 million ordinary shares as consideration at a price of $5.825 per share, representing the 45-day volume-weighted average price of JA Solar’s ADSs trading on the NASDAQGlobal Market and approximately a 5 percent premium to the last closing price of the ADSs prior to this announcement. Each ADS of JA Solar represents one ordinary share. The consideration for the acquisition represents approximately 2.6 times the audited net income of SolarSilicon Valley for 2010.
Located in the Yanjiao Economic &Technology Development Zone in Langfang City, Hebei Province, SolarSilicon Valley operates a wafer production facility with an annual production capacity of 485MW. Solar Silicon Valley also produces quartz crucibles, a key consumable material used in the solar manufacturing industry. Silver Age Holdings is 70 percent owned by Jinglong Group, a company controlled by JA Solar’s chairman, Baofang Jin, and 30 percent owned by an independent third-party shareholder.
“This agreement represents another important step in JA Solar’s strategy of optimizing our cost structure through selective vertical integration,” Dr. FangPeng, CEO of JA Solar, commented.
“In today’s solar market, it is essential for producers to improve costs while maintaining a relentless focus on technology and product quality. By boosting JASolar’s internal wafer capacity through this acquisition, we expect to achieve greater economies of scale and improve the company’s profitability. Furthermore, Solar Silicon Valley has key technologies which can be leveraged to provide superior quality wafer substrates for our high-efficiency solar cell products. As a low-cost leader in the solar industry, we expect that this transaction will enhance JA Solar’sleadership position and enable us to meet strong global demand for our high-quality, high-efficiency solar products.”
Upon completion of the transaction, JA Solar’s internal wafer capacity will be increased to approximately 785MW, ensuring a stable supply of low-cost wafers. As water costs constitute a significant part of JA Solar’s total cost of manufacturing solar cells, enhanced internal wafer capacity will allow JA Solar to improve gross margins and benefit from vertical integration. JA Solar and Solar Silicon Valley are also expected to benefit from synergies arising from economies of scale, raw material sourcing efficiencies as well as operational optimization.
Chinese solar cell manufacturer JA Solar announced a major shake-up of its management team.
JA Solar Co-founder and chairman of the board Baofang Jin has been named executive chairman and will assume additional responsibilities within the senior management team. “Samuel Yang remains as chief executive officer and will work closely with Mr. Jin to ensure the new management structure will be effectively implemented, the company said.
Jin has been the chairman and chief executive officer of Jinglong Group, JA Solar’s largest shareholder, since 2003. “I am very excited to take on this new executive role,” said Mr. Jin. “Samuel and I have worked as a team for many years and we share the same vision for JA Solar’s growth.”
At the same time, chief operating officer Dr. Elmer Hsu is retiring, effective immediately. Jian Xie, secretary of the board of directors, has been named vice president of sales and will act as a chief operating officer until a replacement is found.
Daniel Lui will leave his current position as chief strategy officer to become managing director of US operations. And Ray Wilson will leave his current position as vice president, sales to become managing director of European operations.