At the groundbreaking ceremony (Source: VNA)Bac Giang (VNA) – Work on a solar energy panel projectstarted in the Quang Chau industrial park in Viet Yen district, northern BacGiang province, according to the Kinh Bac City Development Company (KBC).
The project invested by the JA Solar Vietnam Company has an initial investmentof 320 million USD and is expected to generate 500 million USD in revenue peryear upon its completion.
In July this year, a contract in principle on land leasing was signed between the Sai Gon – Bac Giang Industrial Park JSC, a member of the KBCand an investor of the Quang Chau IP, and the JA Solar Hong Kong Investment – asubordinate of JA Solar Group.
Under the contract, JA Solar will hire 88 hectares of land at the Quang Chau IPto develop the solar energy panel project with a total capital of over onebillion USD.
The JA Solar project is the one of the biggest investment projectsin the industrial park to date and provides jobs for over 3,000 labourers.
JA Solar Group is one of the world’s leadingsolar power panels using green advanced technology. It has eight factoriesproducing solar power products in Europe, the US and Japan.-VNA
VNA
