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Date Announced: 06 Oct 2010
Chinese company will supply BP with more than 100MW during 2011.
SHANGHAI, China, Oct. 6, 2010 (GLOBE NEWSWIRE) -- JA Solar Holdings Co. Ltd. (Nasdaq:JASO - News), one of the world's largest manufacturers of high-performance solar cells and solar power products, today announced that it had signed strategic supply agreements with BP Solar to provide a total of more than 185 MWs of mono-crystalline and multi-crystalline solar cells in 2010 and through 2011.
Under the terms of the agreements, JA Solar will supply BP Solar with more than 100 MW in 2011, beginning in the first quarter. In a separate agreement, which began earlier this year, JA committed to provide more than 85 MW, a significant portion of which has already been delivered, with the remainder continuing through the fourth quarter of 2010.
"We have been working with BP Solar, which has its headquarters in San Francisco, since 2008 and we are very pleased to extend our relationship, as they are one of the world's largest integrated solar energy companies," said Dr. Peng Fang, CEO of JA Solar. "With our leading cost structure, JA Solar provides BP Solar a cost advantage in the residential, commercial and utility markets. This agreement provides JA with firm orders through next year," he said.
"We are very pleased to continue our partnership with JA Solar," said Mike Petrucci, CEO of BP Solar. "A solid supply of high-quality solar cells is critical in meeting our growing demand for BP Solar's proven product line, delivering the highest lifetime value," he said.
Source: JA Solar Holdings
E-mail: alexis@stapleton.com
Web Site: www.jasolar.com
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