Tuesday, February 24, 2009

JA Solar signs solar cell supply agreement with BP Solar International

BEIJING, Feb 13, 2009 (Xinhua via COMTEX) -- China's high-performance solar product producer JA Solar Holdings Co., Ltd. (JASO.Nasdaq) will supply monocrystalline and polycrystalline solar cells to BP Solar International Inc. in 2009 with an initial volume of 175 MW, according to latest announcement by JA Solar.

The ultimate solar cell delivery may reach as much as 360 MW within 2009, according to the announcement.

This supply agreement is pursuant to the broader strategic cooperation agreement signed between JA Solar and BP Alternative Energy Holdings Limited in November of last year.

Samuel Yang, CEO of JA Solar, said, "We believe this extended agreement with BP will positively affect our business in 2009 and the years beyond."

Additionally, JA Solar plans to announce the operating results for the fourth quarter of 2008 and the annual financial report of 2008 in the second week of March 2009.

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