OREANDA-NEWS. February 27, 2012. The first stage of Hefei JA Solar Co.went into operation on Sunday and is expected to generate 3 billion yuan in output value by the end of this year.

The plant was founded in Hefei Hi-Tech Zone in Hefei, capital city of Anhui province, by JA Solar Holdings Co., a Shanghai-based solar energy company listed on New York's NASDAQ stock market in 2007.

The company invested up to 13.5 billion yuan on the 2,250-mu plant, chief executive officer (CEO) Fang Peng said. Construction started in April in 2011.

With a capacity of 500MW of solar modules, the first phase of Hefei JA Solar Co.'s output value will total 3 billion yuan in 2012, Fang said.