JinkoSolar strategies US$ 3.3 bn 30GW silicon pull rod, 24GW module as well as aluminium frame development
- JinkoSolar has actually revealed information of a multi-project silicon pull rod, module assembly and aluminium frame growth in China, which the supplier is to spend a combined RMB20.8 billion (US$ 3.27 billion) in.
The 'Solar Module Super League' member's Jiangxi Jinko operating subsidiary, which listed on China's STAR Market earlier this year, today exposed 2 separate deals authorized with counterparties consisting of municipal governments and regional bodies in both Qinghai and Jiangxi.
The manufacturer claimed it had actually entered into a project financial investment participation framework with local growth entities in Qinghai and also Xining to create a 20GW monocrystalline silicon pull rod project at an overall financial investment value of RMB10 billion (US$ 1.6 billion).
The project is to be constructed in two phases, the initial of which will develop a 20GW silicon pull rod facility with an investment value of RMB7 billion. Construction on the initial phase is to begin next month.
A second phase with a capacity of 10GW is to begin construction in either 2023 or 2024.
At The Same Time Jiangxi Jinko was likewise disclosed to have signed a similar agreement with Shangrao Guangxin District Government to construct both module assembly and also aluminium frame production facilities in Jiangxi.
In overall, 24GW of module assembly capacity will certainly be created in Shangrao City throughout three years. Phase among the project will develop an 8GW module facility which is anticipated to begin to ramp in mid-December 2022 prior to becoming totally functional in June 2023. Subsequent phases will each establish 8GW capacity additions, with construction slated to begin in Q4 2023 and Q3 2025 respectively.
The third phase of the module facility will additionally coincide with the development of the aluminium frame project, which will certainly have an annual capacity of 100,000 tons, the firm stated.
