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JA Solar Vietnam Gets $68.4 Mn Loan for 1.5 GW Wafer Mfg Plant

JA Solar Vietnam Company, a wholly-owned subsidiary of JA Solar Holdings Co, had entered into a long-term buyer credit loan pact with China Minsheng Bank Corporation Ltd Shijiazhuang Branch.

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Manu Tayal
JA Solar to Supply 490 MW Solar Modules for UHV Transmission Project

Further, the move will help JA Solar arm to fund the procurement of equipment at it’s 1.5 GW of wafer manufacturing facility in Vietnam.

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JA Solar Wafer Mfg Plant

JA Solar Vietnam Company, a wholly-owned subsidiary of JA Solar Holdings Co, had entered into a long-term buyer credit loan pact with China Minsheng Bank Corporation Ltd Shijiazhuang Branch.

Further, the move will help JA Solar arm to fund the procurement of equipment at it’s 1.5 GW of wafer manufacturing facility in Vietnam.

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As per the deal, the Chinese lender agreed to provide JA Solar Vietnam with a loan facility of up to USD 68,396,100 with 7 years term period.

In addition, the company had inked a guarantee pact with the Chinese lender, under which the company will provide corporate guarantee against the loan facility.

JA Solar is a leading high-performance solar products maker that converts sunlight into electricity for residential, commercial, and utility-scale power generation.

It is one of the world’s largest producers of solar power products and its standard and high-efficiency product offerings are among the most powerful and cost-effective in the industry.

The company distributes products under its own brand and also produces on behalf of its clients. It shipped 7.6 GW of solar power products in 2017.

Meanwhile, it is headquartered in Beijing, China, and maintains production facilities in Shanghai, Hebei, Jiangsu, Inner Mongolia and Anhui provinces in China, as well as Penang, Malaysia and Bac Giang, Vietnam.

China Solar Products International Vietnam power generation JA Solar Holdings solar power products Beijing JA Solar Vietnam Wafer Manufacturing Plant wafer manufacturing facility buyer credit loan China Minsheng Bank Corporation Ltd Shijiazhuang Branch China Minsheng Bank Corporation Chinese lender converts sunlight into electricity
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