Press Releases

JA Solar announces milestone as first PV manufacturer to get buyer’s credit Insurance from SINOSURE

Published by

PRESS RELEASE

BEIJING, Feb. 6, 2017 /PRNewswire-AsiaNet/ —

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 China Export & Credit Insurance Corporation (“SINOSURE”) provided export buyer’s credit insurance to export around 300 MW JA Solar modules for a PV project developed by the multinational energy company ENEL S.p.A. (“ENEL”) in Brazil. The total amount insured was US $145 million. 

Bank of China and Banco Santander financed the purchase of the solar modules, while ENEL provided a loan guarantee and SINOSURE offered export buyer’s credit insurance.

Mr. Jian Xie, President of JA Solar, commented, “This transaction demonstrates that the financial community recognizes the quality and reliability of JA modules, and that they feel confident in committing large amounts of capital to JA-powered projects. This transaction represents an important milestone for solar project development in emerging economies, because it is a model for financing structures that can reduce the cost of capital and accelerate the pace of development. We look forward to seeing this financing model support further solar deployment in Brazil and other emerging markets.”



CONTACT: Erica Hu, +86-21-60955888/60955999, sales@jasolar.commarket@jasolar.com is for media only.

Share
Published by

Recent Posts

Fossil fuel subsidies now more than $A2 trillion just in G7 countries

Report finds volume of fossil fuel subsidies from G7 nations increased 15% between 2016 and…

5 February 2025

Landowner-designed wind farm and huge battery in Tasmania snags major project status

Landowners are deeply involved with the wind and battery project design, ensuring the final layout…

5 February 2025

Australia’s most advanced green hydrogen project hangs in balance after state LNP pulls support

Future of $12.5 billion renewable hydrogen project hangs in balance after new LNP state government…

5 February 2025

Snowy Hydro-worth of solar and wind wasted in 2024, as curtailment continues to bite

New data reveals that the total amount of large-scale solar and wind curtailment in 2024…

5 February 2025

Hydro Tasmania strikes deal to continue powering one of world’s greenest smelters

Hydro Tasmania inks new deal to supply manganese smelter with a majority renewables power mix…

5 February 2025

Tilt boosts its renewables fleet to 1.8GW with acquisition of NSW wind farm

Tilt Renewables has acquired the Boco Rock wind farm in New South Wales, a decade…

5 February 2025