Solar PV Development Deal Announced by BP, JA Solar

Energy Resource, Nov 20, 2008

ENERGY RESOURCE-20 November 2008-Solar PV Development Deal Announced by BP, JA Solar(C)2008 JeraOne - http://www.jeraone.com

JA Solar Holdings Co., Ltd. and BP Alternative Energy Holdings Limited, a subsidiary of BP p.l.c., today announced plans to jointly develop and market part of their solar photovoltaic product portfolio over the next five years.

The definitive commercial agreement is expected to be entered into before year end.

Hebei, China-based JA Solar, a manufacturer of high-performance, monocrystalline solar cells, is expected to contribute its cost-efficient manufacturing and rapid execution capabilities, plus its access to third party silicon and/or wafers. BP is expected to bring its access to its own silicon and/or wafer supply, provide access to its global customer portfolio, and leverage its strong brand and sales and marketing capabilities in key markets.

"Our two companies are in a strong position to help lead the way in achieving grid parity more rapidly and accelerating the worldwide adoption of solar photovoltaic solutions. We share this common goal," said Samuel Yang, JA Solar's chief executive officer.

For more information, visit www.jasolar.com.

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