Powerway & JA Solar Sign Strategic Cooperation Agreement for the Photovoltaic Market in South Africa

JA Solar and Powerway have signed a cooperation agreement with a long-term perspective to jointly develop the photovoltaic market in South Africa and other countries on the African continent.

JA Solar (Nasdaq: JASO) is one of the world's largest manufacturers of high-performance solar power products that convert sunlight into electricity for residential, commercial, and utility-scale power generation. With one of the healthiest financial positions among the Chinese peers, JA Solar is dedicated to be a long-term business partner for its customers and focuses on the sustainable development of the photovoltaic industry.

Powerway has set up a South African production facility based in Boksburg& Durban, producing Solar Tracker and Fixed Tilt Mounting Structures, and will start Module production and more PV related products soon at its Coega facility. Powerway has built up a strong network with project investors, and has achieved BBBEE accreditation . It is believed the constructive cooperation between JA Solar and Powerway will facilitate one-stop solution for solar PV projects.

With the strategic partnership agreement signed, both parties agree :

1. Powerway will include JA modules as module supplier into its South Africa R2/R3 projects bidding process as a module provider.

2.Powerway and JA will work hand in hand to provide local solutions to preferred bidders and solar farm developers in South Africa market, with its goal to help PV power plant investors to increase the local content level.

3.Powerway and JA will work together to design and promote a commercial rooftop package solution in South Africa market. And both parties will jointly develop product kits that suits the local market environment in South Africa.

"Powerway has established a footprint in South Africa over the last two years and has a wide market connection, the ideal long term partner to work with in South Africa. It is very exciting to have an alliance with Powerway for our strategic movement into the African market," said Mr. Xie Jian, COO of JA Solar.

"South Africa, and the African continent is a very promising market. We look forward to working with JA Solar, who is very well recognized as the leading and innovative module producer in the world. Powerway has also set up alliance with Nari, one of the world's biggest utility EPC companies, and now with JA Solar's support, we are able to offer to the market a real one stop solution, from manufacturing, to engineering, to construction, to financing, and to O & M service, Powerway, with JA Solar and Nari, will offer South Africa the most economical solution", said Mr. Benson Wu, CEO of Powerway Group.

For more details please check www.pvpowerway.com www.jasolar.com

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