JA Solar recently announced the signing of a 2021 cooperation agreement with Exel Solar. According to the agreement, the two sides will further strengthen cooperation in module sales and continue to provide customers with JA Solar's high-quality modules while promoting the sustainable development of the local PV market.
Despite having abundant solar energy resources, Mexico has relatively high electricity prices, which has created a strong desire for the local market to develop distributed PV power plants, so the distribution market enjoys a broad space for development. Exel Solar is a PV distributors in Mexico, having established a solid cooperative relationship with JA Solar since it entered the local market in 2016. Based on the mutual trust built during previous collaboration, the two sides signed a distribution cooperation agreement for the first time in 2020, helping JA Solar further develop in Mexico and continuously increase its shipment volume to the local market. In 2021, the two parties signed another cooperation agreement to continue to jointly boost the development of Mexico's PV market.
Horacio Duhart, President and CEO of Exel Solar, said, "JA Solar is an outstanding partner who we are very honored to be its distributor in Mexico. Not only providing us with high-quality PV modules, but JA Solar has also helped Exel Solar achieve our current market performance with its excellent sales, marketing and operations services. Our previous cooperation has proven to be very fruitful, and we look forward to even brighter achievements together in the future."
Dr. Xinwei Niu, Member of the Board and Executive President of JA Solar, noted, "Distributors are a vital part of JA Solar's global sales system, and our achievements could not be realized without the support of partners with whom we work hand in hand. With more than ten years of experience in Mexico's PV market, Exel Solar is a well-established professional PV products distributor who has provided a massive boost in the promotion of JA Solar products in the country. In the future, JA Solar will continue to work with Exel Solar to provide Mexican customers with high performance, high-reliability PV products and promote the development of local PV market."