NTPC’s green energy arm eyes USD 1.2bn from Indian IPO
Sep 19, 2024 11:52 CESTGerman renewable energy company BayWa r.e. and one of its PV suppliers, Chinese solar products maker JA Solar Technology Co Ltd (SHE:002459), have signed a strategic cooperation agreement for solar module distribution in the Asia-Pacific region.
“The distribution partnership of high quality PV module solution forms a strategic fit to meet the needs of the growing business and customers in our region,” Junrhey Castro, managing director of BayWa r.e., noted in a statement this week.
Castro commented further that the signing of this agreement will further deepen exchange and cooperation between the two companies.
BayWa r.e. and JA Solar have established a long-term partnership in more than 30 countries across the world.
“It is an honour for JA Solar to establish a long-term cooperation with BayWa r.e. and the signing of this agreement marks a more stable partnership between JA Solar and BayWa r.e.,” said Steven Chen, assistant president of JA Solar.
The agreement with the Chinese firm comes after BayWa r.e. earlier this month signed a five-year deal to acquire 1.25 GW of solar modules from a US-based factory of Swiss solar manufacturer Meyer Burger Technology.
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