JinkoSolar Subsidiary to Construct 56 GW Manufacturing Facility in China

• The integrated project will certainly make monocrystalline silicon pull rod, silicon wafer, high-efficiency solar cells and modules.
• Jiangxi Jinko has actually authorized an investment framework agreement with the Management Committee of Transformation Comprehensive Reform Demonstration Zone of Shanxi Province.

JinkoSolar Holding Co, a Chinese solar module producer, has introduced that its majority-owned principal operating subsidiary, Jinko Solar (Jiangxi Jinko), has actually entered into a financial investment framework agreement with the Management Committee of Transformation Comprehensive Reform Demonstration Zone of Shanxi Province. JinkoSolar said that the under the terms of agreement, it will certainly develop an integrated project for the manufacturing of monocrystalline silicon pull rod, silicon wafer, high-efficiency solar cells as well as modules.

JinkoSolar stated in its official statement that Jiangxi Jinko prepares to construct production lines with a complete annual production ability of 56 GW according to the agreement. This will certainly be provided for each of monocrystalline silicon pull rod, silicon wafer, high-efficiency solar cells as well as modules in the Transformation Comprehensive Reform Demonstration Zone of Shanxi Province. JinkoSolar states that the project will be established for a total approximated investment of concerning RMB 56 billion.

"The Project will certainly be constructed in four phases with an annual production capacity of 14 GW for each and every phase," claimed JinkoSolar.

The very first as well as 2nd phases of the project are expected to commence production in the initial and second quarter of 2024, specifically. The third as well as fourth phases of the project are anticipated to commence production in 2025, that is, the middle of this decade. JinkoSolar stated that the comprehensive building plan and also routine for the project will go through market conditions as well as appropriate governmental authorizations.

Presently, JinkoSolar had 14 productions facilities worldwide as well as 24 overseas subsidiaries. Its company is climbing quite rapidly as globe looks favorable on renewable energy to arrest the vagaries of climate adjustment. A recently launched report released that JinkoSolar topped the worldwide solar PV market in Q1, defeating "JA Solar, Trina, Longi, as well as various other leading sellers" (Solarbe, 2023)." The firm delivered 13.04 GW photovoltaic panels in the first quarter of 2023, amongst which virtually 50% is N-type Tiger Neo panel, one of the most of any one of the solar PV brands.