JA Solar, Essel Infraprojects ink MOU
JA Solar Holdings Co Ltd reportedly signed a MOU with its Indian business partner, Essel Infraprojects Limited (EIL), to establish a solar cell and module manufacturing facility joint venture (JV). The MOU declares a 500 MW production capacity for the JV and outlines the duties of each party. The agreement was reached at the India-China Business Forum held in Shanghai where PM Narendra Modi, Chinese national leaders, and commercial and industrial representatives of both countries were in attendance, including JA Solar and its partner, EIL. Cooperation opportunities in the PV industry were a special focus at the forum, as the leaders agreed that the establishment of a PV park should be a priority on the agenda.