JA Solar Signs Two Cooperation Agreements with Solar Project Developer Solatio

BEIJING,June 29,2023 -- JA Solar and solar project developer,Solatio,signed two cooperation agreements on June 14 at Intersolar Europe 2023 held at Messe München,Germany. Solatio's CEO Pedro Vaquer Brunet,CFO Antonio Rodriguez Alfageme,COO Fernando Peral Gutierrez,and JA Solar's Chairman Jin Baofang attended the signing ceremony. Mr. Vaquer Brunet and JA Solar's Vice President Tony Zhu respectively signed the contract on behalf of both parties.

One agreement stipulated that JA Solar will cooperate with Solatio to supply 1.2GW photovoltaic modules for PV power stations in Cassilandia,Paranaiba,and Mato Grosso do Sul in Brazil. In another agreement,JA Solar agreed to a strategic partnership with Solatio to supply 4GW PV modules for seven Brazilian projects in the coming years.

Solatio is one of the largest PV power plant developers in Brazil and the signing of the two cooperation agreements marks the beginning of a strategic collaboration between the two parties. The two sides tend to work together to promote the development of the Brazilian photovoltaic industry to help achieve the goal of carbon neutrality in Brazil.

JA Solar entered the Brazilian market in 2015 and established a branch there in 2017. In 2021 and 2022,its shipment volume to Brazil increased by 225% and 181% year-on-year respectively,far exceeding market growth level during the same period. And the company successfully supplied modules for numerous innovative PV projects in the country,such as the distributed PV project in Brazil's Mirassol Football Club training center and the Amazon River "ship factory" that are powered by PV systems,which lead the local market in innovative application of solar PV.

Throughout the years,JA Solar has established a complete service system in Brazil that covers sales,technology,logistics and market promotion,that cover market demands in a comprehensive manner. The establishment of an overseas warehouse in Brazil provides customers with a one-stop solution,greatly improving the customer experience. In addition,JA Solar's Brazilian team also has a specifically equipped marketing team to conduct targeted local promotion in combination with customer needs to help them better understand market trends,JA Solar's products,and related services.

In the future,JA Solar will continue to strengthen its technological innovation and promote product quality and efficiency,while providing high-efficiency products and world-class services for the global PV market which will contribute to the early realization of a zero-carbon world.