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JA SOLAR SUPPLIES 70 MW MODULES TO AUSTRALIA’S MOREE SOLAR FARM

JA Solar Holdings Co., Ltd. (Nasdaq: JASO) (JA Solar), one of the world's largest manufacturers of high-performance solar power products, today announced that Australia’s 70 MW Moree Solar Farm (MSF) has begun to install the batches of solar modules provided by JA Solar since June. As MSF’s exclusive supplier, JA Solar will keep delivering JAP6-315 and JAP6-310 modules to meet all demand of 70 MW modules. Early this year, MSF was acknowledged by IJ Global as the best solar transaction of 2014 in the Asia Pacific region. The award recognizes excellence, achievement and innovation in energy and infrastructure finance.

MSF, located 10 km south of Moree, in northern New South Wales, occupies a large-scale area of 350 hectare, and is currently under construction. It is developed by Fotowatio Renewable Ventures (FRV), a leading global solar development company from Spain, with an estimated cost of $164 million. The project was financed by Australian Renewable Energy Agency (AREA), which offered a grant of $102 million, and Clean Energy Finance Corporation (CEFC), which provided a $47 million in senior debt financing. All funds were secured by the end of August 2014, and the solar farm began its construction in November 2014. The project is expected to be completed by early 2016.

Andrea Fontana, FRV Australian Country Manager, commented, “The Moree Solar Farm is currently the largest solar farm under construction in Australia. Once completed, MSF will produce enough electricity to power the equivalent of nearly 15,000 New South Wales homes and abate nearly 95,000 tons of carbon pollution each year. Additionally, it will create more than 100 jobs during its construction.”

Xie Jian, President and COO of JA Solar, added, “Demand in the Australian market has historically been centered on rooftop solar for residential use. As a leading supplier of PV modules in Australia, JA Solar has been focusing on providing its highly-efficient mono-crystalline and poly-crystalline silicon modules for rooftop use in the Australian market. We are very glad to see a large-scale project like Moree Solar Farm constructed in Australia and we are honored to be a significant contributor to the project. We firmly believe that the launch of MSF will serve as a foundation for potential opportunities to cooperate on large-scale solar projects in Australia in the future.”

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