JinkoSolar has announced that it has won a tender issued by the China Petroleum Engineering and Construction Corporation (CPECC), an affiliate company of the China National Petroleum Corporation (CNPC) which specializes in project engineering and construction, for up to 1.85GW of high efficiency solar modules. This is the largest-ever procurement by the CNPC, with the modules scheduled to be delivered during 2022 to support the organisation’s solar development pipeline in China.
It has become common practice for traditional energy companies to seek to achieve their low carbon ambitions by developing GW scale solar energy projects, needing to mitigate the risks and uncertainty presented by increasingly volatile solar panel production, pricing and supply. These companies will therefore be more willing to commit to reliable suppliers able to provide advanced technology and quality products backed by reputation, long-term fixed pricing and supply guarantees.
Traditional petroleum companies can benefit from the evolution of JinkoSolar’s advanced N-type solar technology platform, which is becoming increasingly popular due to its ability to absorb more sunlight for converting into electricity and a relatively low cost of manufacturing. It also translates into competitively priced electricity for customers.
According to JinkoSolar, N-type TOPCon is likely to become the world’s second most common PV cell technology after PERC, capturing around 15% of the world market in 2022. Compared to other new technology options, N-type TOPCon cells can be manufactured quickly and inexpensively, providing a lower-cost alternative to replace PERC as the next mainstream solution.
JinkoSolar has previously announced investment in new super-smart cell factories in Anhui and Zhejiang provinces to expand its N-type solar manufacturing capacity to 16GW by the end of 2022.