HCMC – JA Solar Hong Kong Investment, a major manufacturer of high-performance solar power products, will develop a solar cell production project worth over US$1 billion in the northern province of Bac Giang.
According to Saigon-Bac Giang Industrial Park Corporation (SBG), the investor of Quang Chau Industrial Park (IP), the Hong Kong firm has inked an in-principal deal with SBG to lease 88 hectares of land at the IP to build a solar cell plant. With the land lease, the Vietnamese firm can earn over VND1 trillion.
JA Solar, which currently has eight production plants worldwide, regards its investment in Vietnam as a breakthrough in the low-cost supply chain and a typical investment in the field of solar cell production, said SBG, a subsidiary of Kinh Bac City Development Holding Corporation.
Nguyen Van Linh, chairman of Bac Giang Province, said at the signing ceremony last week that the province would facilitate JA Solar in terms of legal and customs procedures, human resources and infrastructure so that it could put into operation its project soon.
Once licensed, the project of JA Solar will become the 16th investment at 600-hectare Quang Chau IP. It is also expected to generate jobs for more than 3,000 people.