JA Solar Expands into Hydrogen Sector in Beijing
Key Ideas
- JA Solar establishes JA Hydrogen with CNY 100 million of registered capital under its subsidiary in Beijing, focusing on the hydrogen energy sector.
- Other Chinese solar companies like Sungrow, Longi Green Energy, and Trina Solar have also ventured into the hydrogen field by setting up similar subsidiaries.
- QC Solar plans to raise funds for a new PV junction box project and production line for PV storage connectors, aiming for significant annual capacities.
- Canadian Solar Inc.'s subsidiary becomes an approved inverter supplier to China Huaneng Group, with deliveries of inverters for projects in Jiangsu province underway.
JA Solar has launched a hydrogen business by establishing JA Hydrogen, a new unit based in Beijing with CNY 100 million of registered capital. This move sees the company diving into the hydrogen energy sector, following in the footsteps of other leading Chinese solar companies like Sungrow, Longi Green Energy, and Trina Solar. Concurrently, QC Solar is looking to raise funds for a PV junction box project and a production line for PV storage connectors, with the goal of achieving substantial annual capacities. Canadian Solar Inc.'s subsidiary has been included as an approved inverter supplier for China Huaneng Group, initiating deliveries of inverters to projects in Jiangsu province. Additionally, Kibing Group is planning a significant investment of MYR 7.2 billion in a solar glass factory in Kimanis, Malaysia, forming key agreements with state-linked enterprises for the project's development. This expansion into hydrogen by JA Solar highlights the growing interest and investments in the hydrogen energy sector within the solar industry.
Topics
Projects
Investment
Energy Sector
China
Malaysia
Solar Panels
Solar Companies
Inverter Supplier
Factory Investment
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