JinkoSolar to open 7-GW ingot, wafer plant in Vietnam in Q1 2022
- JinkoSolar Holding Co Ltd (NYSE: JKS) is spending USD 500 million (EUR 427m) in the building of a monocrystalline ingot and wafer manufacturing facility with a yearly ability of 7 GW in Vietnam, the Chinese solar module manufacturer announced on Monday.
The step is developed to sustain the firm's existing overseas making centers as well as guarantee the lasting security of its worldwide supply chain.
"This center [in Vietnam] allows the use of basic material inputs from a range of countries, therefore enhancing the quantity of neighborhood material made use of in our modules, as well as particularly in the modules generated in the Jacksonville, Florida center," claimed JinkoSolar United States Inc basic manager Nigel Cockroft.
The new center lies in Vietnam's Quang Ninh Province and is the initial photovoltaic (PV) project in the province's Quang Yen Coastal Economic Zone. It was approved local government authorization in early 2021 and also JinkoSolar anticipates it to be functional in next year's very first quarter.
The firm has 9 production centers around the world and 22 abroad subsidiaries. In 2021, JinkoSolar prepares for deliveries of in between 25 GW and 30 GW, consisting of modules, cells and also wafers.