JA Solar Holdings Co., Ltd. (Nasdaq: JASO) – manufacturer of high-performance solar power products – recently launched its subsidiary JA Solar Brazil Ltda (“JA Solar Brazil”) in Brazil. According to the company’s press release, “JA Solar has operated in Brazil since 2015 and has seen significant growth in the Distributed Generation (DG) market, which requires local support for customers’ planning, logistics and international trade operations.” The Brazil office will also focus on partnerships with local and international energy companies, including Engie, Multi Aquecimento, Faro Energy and Enel.
Earlier in March, 2017, JA Solar had also launched its new subsidiary in Mexico (JA Solar Mexico SA de CV). The aggressive investments by the company in South America is a result of its belief that Latin America is expected to take 10% of the global PV demand by 2020.
About JA Solar Holding
JA Solar’s ADR is traded in Nasdaq as JASO and according to the report filed, it generated a revenue of US $2.26 billion in 2016.