26 May '15, 7am

JA Solar, Essel Infraprojects sign MOU on a 500 MW PV production joint venture in India

JA Solar Holdings Co., Ltd. (Shanghai, China) on May 25th , 2015 announced that it has signed a Memorandum of Understanding (MOU) with its Indian business partner, Essel Infraprojects Limited (EIL), to establish a solar photovoltaic (PV) cell and module manufacturing facility joint venture. The MOU declares a 500 MW production capacity for the JV and outlines the duties of each party. The agreement was reached on May 16th , 2015 at the India-China Business Forum held in Shanghai, where Indian Prime Minister Narendra Modi, Chinese national leaders, and commercial and industrial representatives of both countries were in attendance, including JA Solar and its partner, EIL. Cooperation opportunities in the photovoltaic industry were a special focus at the Forum. More than twenty different agreements were signed by representatives at the forum, representing up to USD 22 billion...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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