JA Solar Holdings Co., Ltd. has signed a Memorandum of Understanding (the "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 500MW production capacity for the JV and outlines the duties of each party.
The agreement was reached on May 16 th at the India-China Business Forum held in Shanghai , where Indian Prime Minister 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 photovoltaic industry were a special focus at the Forum, as the leaders agreed that the establishment of a photovoltaic park should be a priority on the agenda. More than twenty different agreements were signed by representatives at the forum, representing up to 22 billion U.S. dollars in total investments.