Latest news with #JASolar
Yahoo
25-05-2025
- Business
- Yahoo
JA Solar with 23 Leading Solar Companies unveils the first Initiative for Global Solar Sustainable Alliance at UNGC's summit
JAKARTA, Indonesia, May 25, 2025 /CNW/ -- On May 25, 2025, at the UN Global Compact (UNGC)'s Inaugural Global Business Summit in Jakarta, a total of 24 global leading solar companies including JA Solar, Jinko Solar, Tongwei, LONGi, GCL Group and other core upstream suppliers, collectively released the initiative for "Global Solar Sustainable Alliance (GSSA)". Distinguished leaders across government, industry and academia attended the summit, including United Nations Global Compact Assistant Secretary-General and CEO Sanda Ojiambo, United Nations Resident Coordinator in China Siddharth Chatterjee , Chairman of the National Economic Council of the Republic of Indonesia H.E. Luhut B. Pandjaitan, Founder and co-chairman of Bridgewater Associates Ray Dalio, President of the China Electricity Council Bao'an Xin, Chairman of Xiamen Airlines Dong Zhao, Founder and Chairman of GCL Gongshan Zhu. At this critical juncture of global energy transition, the solar industry, as a cornerstone of renewable energy, serves as a pivotal solution to combat climate change and achieve carbon neutrality goals. Amid rapid industry growth, leading enterprises have jointly launched this initiative to address social and environmental challenges and advance sustainable development. Committed to delivering clean energy globally, the Initiative aims to strengthen sustainability across the entire value chain — promoting green mineral sourcing from the source, protecting ecosystems and biodiversity, building an equitable society for common good, and driving inclusive growth. Aligned with the UNGC Ten Principles and Sustainable Development Goals (SDGs), the Initiative outlines 9 actionable pathways across three pillars, advancing ESG progress across the solar value chain and promoting its positive impact on the international market. The GSSA initiative has garnered strong endorsement from the UNGC. Meng Liu, UNGC China Representative, stated: "We commend the global solar industry, particularly Chinese photovoltaic enterprises, for their contributions to advancing the global energy transition, and we welcome the launch of this initiative. Closely aligned with the principles of the United Nations Global Compact, the Initiative underscores corporate responsibilities in environmental protection, human rights safeguards, and sound governance. We look forward to the solar industry setting an exemplary model for global sustainable development through collective action." Jing Li, Vice President of Branding and Sustainability Officer of JA Solar, officially launched this GSSA Initiative at the event, and introduced JA Solar's newly constructed responsible supply chain strategy with the theme of "Together Towards Tomorrow", which aims to promote the multi-stakeholders along the industry's value chain to evolve towards a sustainable future. UNGC encourages more solar companies and supply chain partners to join this initiative and jointly advance the sustainable development of the industry. To truly fulfill the summit's vision of 'Better Business, Better World: Accelerating the SDGs', the first co-signatories pledge to collaboratively develop a concrete action roadmap with stakeholder engagement, to ensure effective implementation of the Initiative. Appendix : Global Solar Sustainable Alliance (GSSA) As the backbone of renewable energy, the global solar sector provides consumers, industries, and society with affordable and reliable clean energy. It has made remarkable contributions to advancing global energy transition and promoting sustainable development, with immense potential yet to be realized. On the other hand, after decades of growth, the social and environmental footprints of the solar industry, particularly the associated risks across its supply chain—have increasingly emerged. These challenges pose significant obstacles to unleashing the industry's full potential and achieving its own sustainable development. In light of this, we, as the undersigned photovoltaic enterprises and supply chain participants, guided by the Ten Principles of the United Nations Global Compact and the UN Sustainable Development Goals (SDGs), hereby launch the Global Solar Sustainable Alliance (GSSA). We call on all companies in the industry and its supply chains to adopt sustainability principles and strategies, and actively undertake the following actions: I. Just Transition: Safeguarding the green ecosystems and environment a) Reduce pollution, conserve resources, improve environmental management, implement clean production, and promote a circular economy. b) Cut energy consumption and carbon emissions, adapt to climate change, establish science-based greenhouse gas reduction targets, and achieve net-zero emissions as soon as possible. c) Protect biodiversity and ecosystems, promoting green mining from origins of materials, ensuring zero deforestation and no net loss of biodiversity. II. People-Centric Development: Building an Equitable Society for Common Good a) Respect and protect workers' fundamental rights, create gender-responsive, diverse, inclusive, safe, and healthy workplaces, and enhance employees' skills and development potential. b) Advance responsible procurement and marketing practices, implement human rights due diligence in supply chains, improve value chain transparency, traceability, and collaborative mechanisms, and strengthen supply chain resilience. c) Plan PV projects in alignment with local conditions, respect the rights of communities and residents, and leverage industry expertise to support community and social development. III. Governance Enhancement: Driving Inclusive Growth a) Optimize corporate governance structures, enhance professionalism and diversity in governance mechanisms, improve investor relations management, and protect the rights of minority shareholders. b) Operate with integrity and compliance, oppose all forms of unfair competition practices, proactively uphold a sound market order, and foster the healthy development of the industry. c) Strengthen internal and external oversight systems, conduct standardized information disclosure and regular tracking of progress and targets, and establish multi-channel stakeholder engagement and dialogue mechanisms. Building on the above consensus, we will pool wisdom and resources, engage in full collaboration, and establish a concrete action roadmap with the participation and support of multi-stakeholders to ensure the effective implementation of the GSSA Initiative. View original content to download multimedia: SOURCE JA Solar Technology Co., Ltd. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
25-05-2025
- Business
- Cision Canada
JA Solar with 23 Leading Solar Companies unveils the first Initiative for Global Solar Sustainable Alliance at UNGC's summit
JAKARTA, Indonesia, May 25, 2025 /CNW/ -- On May 25, 2025, at the UN Global Compact (UNGC)'s Inaugural Global Business Summit in Jakarta, a total of 24 global leading solar companies including JA Solar, Jinko Solar, Tongwei, LONGi, GCL Group and other core upstream suppliers, collectively released the initiative for "Global Solar Sustainable Alliance (GSSA)". Distinguished leaders across government, industry and academia attended the summit, including United Nations Global Compact Assistant Secretary-General and CEO Sanda Ojiambo, United Nations Resident Coordinator in China Siddharth Chatterjee , Chairman of the National Economic Council of the Republic of Indonesia H.E. Luhut B. Pandjaitan, Founder and co-chairman of Bridgewater Associates Ray Dalio, President of the China Electricity Council Bao'an Xin, Chairman of Xiamen Airlines Dong Zhao, Founder and Chairman of GCL Gongshan Zhu. At this critical juncture of global energy transition, the solar industry, as a cornerstone of renewable energy, serves as a pivotal solution to combat climate change and achieve carbon neutrality goals. Amid rapid industry growth, leading enterprises have jointly launched this initiative to address social and environmental challenges and advance sustainable development. Committed to delivering clean energy globally, the Initiative aims to strengthen sustainability across the entire value chain — promoting green mineral sourcing from the source, protecting ecosystems and biodiversity, building an equitable society for common good, and driving inclusive growth. Aligned with the UNGC Ten Principles and Sustainable Development Goals (SDGs), the Initiative outlines 9 actionable pathways across three pillars, advancing ESG progress across the solar value chain and promoting its positive impact on the international market. The GSSA initiative has garnered strong endorsement from the UNGC. Meng Liu, UNGC China Representative, stated: "We commend the global solar industry, particularly Chinese photovoltaic enterprises, for their contributions to advancing the global energy transition, and we welcome the launch of this initiative. Closely aligned with the principles of the United Nations Global Compact, the Initiative underscores corporate responsibilities in environmental protection, human rights safeguards, and sound governance. We look forward to the solar industry setting an exemplary model for global sustainable development through collective action." Jing Li, Vice President of Branding and Sustainability Officer of JA Solar, officially launched this GSSA Initiative at the event, and introduced JA Solar's newly constructed responsible supply chain strategy with the theme of "Together Towards Tomorrow", which aims to promote the multi-stakeholders along the industry's value chain to evolve towards a sustainable future. UNGC encourages more solar companies and supply chain partners to join this initiative and jointly advance the sustainable development of the industry. To truly fulfill the summit's vision of 'Better Business, Better World: Accelerating the SDGs', the first co-signatories pledge to collaboratively develop a concrete action roadmap with stakeholder engagement, to ensure effective implementation of the Initiative. Appendix : Global Solar Sustainable Alliance (GSSA) As the backbone of renewable energy, the global solar sector provides consumers, industries, and society with affordable and reliable clean energy. It has made remarkable contributions to advancing global energy transition and promoting sustainable development, with immense potential yet to be realized. On the other hand, after decades of growth, the social and environmental footprints of the solar industry, particularly the associated risks across its supply chain—have increasingly emerged. These challenges pose significant obstacles to unleashing the industry's full potential and achieving its own sustainable development. In light of this, we, as the undersigned photovoltaic enterprises and supply chain participants, guided by the Ten Principles of the United Nations Global Compact and the UN Sustainable Development Goals (SDGs), hereby launch the Global Solar Sustainable Alliance (GSSA). We call on all companies in the industry and its supply chains to adopt sustainability principles and strategies, and actively undertake the following actions: I. Just Transition: Safeguarding the green ecosystems and environment a) Reduce pollution, conserve resources, improve environmental management, implement clean production, and promote a circular economy. b) Cut energy consumption and carbon emissions, adapt to climate change, establish science-based greenhouse gas reduction targets, and achieve net-zero emissions as soon as possible. c) Protect biodiversity and ecosystems, promoting green mining from origins of materials, ensuring zero deforestation and no net loss of biodiversity. II. People-Centric Development: Building an Equitable Society for Common Good a) Respect and protect workers' fundamental rights, create gender-responsive, diverse, inclusive, safe, and healthy workplaces, and enhance employees' skills and development potential. b) Advance responsible procurement and marketing practices, implement human rights due diligence in supply chains, improve value chain transparency, traceability, and collaborative mechanisms, and strengthen supply chain resilience. c) Plan PV projects in alignment with local conditions, respect the rights of communities and residents, and leverage industry expertise to support community and social development. III. Governance Enhancement: Driving Inclusive Growth a) Optimize corporate governance structures, enhance professionalism and diversity in governance mechanisms, improve investor relations management, and protect the rights of minority shareholders. b) Operate with integrity and compliance, oppose all forms of unfair competition practices, proactively uphold a sound market order, and foster the healthy development of the industry. c) Strengthen internal and external oversight systems, conduct standardized information disclosure and regular tracking of progress and targets, and establish multi-channel stakeholder engagement and dialogue mechanisms. Building on the above consensus, we will pool wisdom and resources, engage in full collaboration, and establish a concrete action roadmap with the participation and support of multi-stakeholders to ensure the effective implementation of the GSSA Initiative.
Reuters
30-04-2025
- Business
- Reuters
China's solar industry remains in red as trade war adds to problems
Summary Companies Longi, Jinko both report Q1 net loss of 1.4 billion yuan Losses hit 1.6 billion yuan for JA Solar, 1.3 billion for Trina US-China trade war adding to price, tariff pressures BEIJING, April 30 (Reuters) - China's solar manufacturers reported losses this week as U.S. President Donald Trump's trade war put further pressure on demand in an industry where top manufacturers were already facing low prices and tariffs on exports to the United States. Top producers Longi Green Energy ( opens new tab and JinkoSolar ( opens new tab, (JKS.N), opens new tab both reported a net loss of 1.4 billion yuan ($193 million) for the first quarter, while losses for peers JA Solar ( opens new tab and Trina Solar ( opens new tab totalled 1.6 billion yuan and 1.3 billion yuan, respectively. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. Longi, which also turned in a net loss of 8.6 billion yuan for 2024, told analysts in a call that demand for solar products was expected to be flat year-on-year in 2025. "During the reporting period, solar industry supply chain prices were at a low level, combined with overseas trade policies impacting demand, all segments of the industry were under pressure," said Jinko, where losses increased from 473.7 yuan in the fourth quarter of last year. The company's sales of solar products, including silicon wafer, solar cells and modules, fell 12.68% year-on-year to 19,130 megawatts in the quarter. Jinko said it saw the fastest growth in the Asia Pacific and Africa regions, although China, the U.S. and Europe remain the largest markets. Even before Trump's trade war, in which he has levied 145% tariffs on imports of Chinese goods, Chinese solar exports were facing tariffs in the U.S., the second-biggest solar market after China. As a result, Chinese manufacturers had set up production bases in third countries in Southeast Asia - countries that U.S. manufacturers later targeted with trade cases alleging they were flooding the market with cheap goods. In response to one of those cases, the U.S. last week finalised tariffs of as high as 3,500% on solar products from Chinese solar manufacturers with factories in Malaysia, Cambodia, Thailand and Vietnam. The U.S. made up about 5% of Jinko's sales in the quarter, it said in its investor call. In addition to solar products, tariffs were also making it prohibitively expensive to sell battery storage systems to the U.S., Jinko told investors. Meanwhile, CSI Solar ( opens new tab, a NASDAQ-listed subsidiary of China's Canadian Solar, plans to accelerate the relocation of manufacturing to low-tariff regions and is negotiating with major clients and suppliers to reasonably share tariff costs, it said in a filing with the U.S. Securities and Exchange Commission on Monday. At the same time, CSI said it was preparing for potential U.S.-China negotiations and the adjustment of tariffs to a more reasonable range, while also pursuing tariff exemptions for some products.
Muscat Daily
28-04-2025
- Business
- Muscat Daily
Oman inks $564mn deal with Chinese firm to set up solar plant
By OUR CORRESPONDENT Muscat – Oman has signed a multi-million dollar agreement with China's JA Solar to establish a large-scale solar cell and panel manufacturing facility in the second phase of Sohar Freezone as part of efforts to boost renewable energy and diversify the economy. The RO217.3mn (US$564mn) project will cover 32.5 hectares and is expected to begin operations in the first quarter of 2026. The plant will have annual production capacity of up to 6GW of solar cells and 3GW of solar modules, positioning Oman as a key player in the clean energy value chain across the region. JA Solar signed agreements to this effect with Invest Oman, Sohar Port and Freezone, and Majis Industrial Services on Monday during the closing ceremony of Advantage Oman Forum, the sultanate's first international investment forum. Khalid bin Salim al Qassabi, Director General of Industry at Ministry of Commerce, Industry and Investment Promotion, said the project supports Oman Industrial Strategy 2040. 'The renewable energy sector is a priority for us due to its potential to create new industrial opportunities, increase contribution of industry to GDP, and diversify the energy mix,' he said. 'This project reflects our vision for developing future industries and promoting value-added investments.' Qassabi added that Oman aims to become a regional hub for renewable and green industries, with the new facility expected to attract investments. Fan Jingchao, General Manager at JA Solar Oman, said, 'Our facility marks a significant advancement in the solar PV supply chain, integrating all key components from polysilicon to modules. The strategic location within Sohar Freezone offers essential logistics and positions us in a rapidly growing renewable energy hub. 'By utilising cutting-edge technologies, we aim to produce high-quality, affordable solar panels that enhance accessibility and attract global investment, while expanding our presence in key markets.' On the occasion, Mohammed al Shizawi, Acting CEO of Sohar Freezone, said, 'In response to high investor demand and with the first phase nearing full occupancy, the ongoing expansion of the freezone is now underway to advance local solar manufacturing, reduce carbon emissions and raise regional sustainability standards. The project will drive industrial diversification, strengthen local supply chains and unlock new downstream investment opportunities critical to Oman's economic growth.' The agreement with JA Solar is seen as a milestone in Oman's efforts to attract foreign direct investment and strengthen its clean energy manufacturing sector.
Observer
28-04-2025
- Business
- Observer
Pacts signed for RO 217m solar cell project at Sohar Freezone
MUSCAT: Leading Chinese solar development company JA Solar signed agreements here yesterday for the establishment of a major plant specializing in the production of solar cells and panels at Sohar Freezone. The project, set on an area of 32.5 hectares within the second phase of the Sohar Freezone, represents a total investment of RO 217.3 million. The pacts were inked with Invest in Oman, Sohar Port and Freezone, and Majis Industrial Services during the Advantage Oman Forum 2025, which concluded in Muscat on April 28, 2025. JA Solar's project is scheduled to commence operations in the first quarter of 2026, with an annual production capacity of 6 gigawatts of solar cells and 3 gigawatts of solar panels. This agreement is expected to advance the goals of Oman Vision 2040 by supporting the country's transition towards renewable energy and economic diversification, while also reflecting growing investor interest in the second phase of the Sohar Freezone. Commenting on the signing, Eng Khalid bin Salim al Qassabi, Director General of Industry at the Ministry of Commerce, Industry and Investment Promotion, said: 'The agreements to establish a solar cells and panels manufacturing facility in the Sohar Freezone, with investments totaling RO 217 million, embody the ambitious directions of the Oman Industrial Strategy 2040, which focuses on nurturing future industries and enhancing value-added investments. Renewable energy industries are a top priority within the strategy due to their significant potential to create promising industrial opportunities, support economic diversification, and boost the industrial sector's contribution to the GDP, while strengthening Oman's energy mix.' Al Qassabi further highlighted that the project, once operational in early 2026, will not only contribute to the clean energy value chain but also attract related industries, positioning Oman as a regional hub for renewable energy and green industries. The two-day Advantage Oman Forum, organised by the Ministry of Commerce, Industry and Investment Promotion, through Invest in Oman, brought together more than 250 senior officials, decision-makers, and regional and international investors, serving as a strategic platform that showcased Oman as a promising investment destination. In her closing remarks, Ibtisam bint Ahmed al Faroojiyah, Under-Secretary for Investment Promotion, emphasized that the forum was organized to support the country's economic diversification drive and to attract high-quality investments aligned with Oman's future vision. She added that the forum provided an outstanding platform to connect local and international investors with leading thought leaders and economic experts, facilitating the exchange of ideas and exploration of promising growth opportunities. Al Faroojiyah explained that the forum offered participants extensive opportunities to engage with leaders from both the public and private sectors, discuss key economic trends, and explore the investment map across vital sectors. She noted that the specialized panel discussions aimed to produce actionable, practical recommendations, inspired by regional and global success stories. She concluded by stressing the importance of the forum's outcomes and bilateral meetings, considering them a fundamental pillar in supporting Oman's efforts to achieve economic growth and transformation in line with national priorities. The second day of the forum featured panel discussions with key decision-makers, opportunities to build high-value partnerships, success stories from investors, and sector-specific roundtable meetings focusing on tourism, logistics, mining, food security, renewable energy, and information technology. The forum also enjoyed extensive international media coverage as part of a global promotional campaign positioning Oman as a regional and international investment hub. Renowned CNN journalist Richard Quest moderated two of the forum's main sessions. The 'Advantage Oman' Forum reaffirmed Oman's commitment to enhancing its investment climate in line with the objectives of Vision 2040, further solidifying its role as a regional economic center and a global investment destination.
