As per the agreement, Wells Fargo will provide JA Solar strategic support in a number of areas, including commercial banking services, potential financing for JA Solar’s increasing US sales, manufacturing and project development activities, project financing, and other strategic initiatives.
JA Solar CEO Peng Fang said that by leveraging Wells Fargo’s expertise in financial services and support for JA Solar, the company looks forward to further enhance its market position in the US and provide additional financial resources for JA Solar and its customers in the US solar market.
Till date, Wells Fargo has invested approximately $500m in solar projects and has become a provider of capital and support for renewable energy companies.
