JinkoSolar sets new solar panel order intake at 10.7GW in first four months of 2019

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Leading ‘Solar Module Super League’ (SMSL) member, JinkoSolar has secured new solar panel orders totalling 10.7GW in the first four months of 2019, setting a company and industry record.

Updated: Leading ‘Solar Module Super League’ (SMSL) member, JinkoSolar has secured new solar panel orders totalling 10.7GW in the first four months of 2019, setting a company and industry record.

The SMSL said that overseas orders with fixed terms and conditions accounted for the vast majority of the secured orders, which included the signing of several large supply agreements for PV power projects in Vietnam, Mexico, Spain and a number of other markets, according to the company.

Gener Miao, Chief Marketing Officer of JinkoSolar said, “Leveraging our large geographic footprint, we were able to rapidly benefit from the accelerating shift towards high-efficiency mono panels and secure over 10.7 GW orders for 2019 in record time. With grid parity approaching, we find ourselves in a very strong position in an otherwise highly competitive industry. Our strategic foresight to expand into high efficient product markets at an early stage is paying off. Jinko will continue to support our customers and partners with over 15 GW capacity of industry leading facility.”

Although installations in China have declined rapidly without new support mechanisms, JinkoSolar said that it expected demand to pick up in China during the second half of 2019. Only 5.2GW was installed in China in the first quarter of 2019, a 46%, year-on-year decline.

JinkoSolar also noted that the record-high order book primarily consisted of high efficiency products, such as its latest Cheetah series, reinforcing the global shift to high-efficiency products.

PV Tech previously reported that JinkoSolar had annual PV panel shipments in 2018 of 11.4GW a new company and industry record and planned to take panel nameplate capacity to 15GW in 2019.

New capacity expansions

Separately, JinkoSolar confirmed it was is expanding its high efficiency monocrystalline wafer production capacity with the construction of a new ‘greenfield’ facility in Leshan, Sichuan Province, China with a nameplate capacity of 5GW. 

The new facility is expected to increase JinkoSolar’s mono wafer capacity from 6.5GW to 11.5GW upon completion, which is already under construction and expected to ramp production in the third quarter of 2019.  The company said that it expected to reach full capacity in the fourth quarter of 2019. 

JinkoSolar said that its mono wafer capacity at the end of 2018 had reached 5.7GW, although the expectation previously guided was to reach 9.7GW and 11GW by the end of 2019.

Total mono wafer capacity by the end of 2019 is expected to be 11.5GW.

The company also noted that mono wafer capacity had reached 6.5GW at the end of the first quarter of 2019, via improvements in both production output and efficiency.

Total mono wafer capacity by the end of 2019 is expected to be 11.5GW. 

JinkoSolar has been exclusively using a large oversize (158.75mm x 158.75mm) ingot for its recent spate of wafer capacity expansions, which are also used for JinkoSolar’s latest high-efficiency mono PERC Cheetah series panels. 

Read Next

July 23, 2021
China could install up to 65GW of solar this year, driven largely by a surge in demand for distributed solar installations, while average solar deployment could reach 90GW per year in the years leading up to 2025.
July 16, 2021
Finlay Colville, head of market research at PV Tech Research, explores the critical themes behind the solar industry’s transition from p-type to n-type cell production before previewing PV CellTech Online 2021.
July 15, 2021
Legislation that would ban the import of all products from China’s Xinjiang region into the US has taken a critical step forward, passing the US Senate.
July 13, 2021
Solar PV capacity in Asia Pacific could triple to 1,500GW by 2030, with China driving deployment and Indonesia set to be the region’s fastest-growing market, according to Wood Mackenzie.
July 12, 2021
Solar Module Super League (SMSL) member JinkoSolar has claimed a module conversion efficiency record of 23.53%, beating its previous record of 23.01% set in January.
July 12, 2021
Solar Module Super League (SMSL) member JinkoSolar has signed a strategic agreement with Danish company Maersk Shipping on end-to-end transportation and digitised logistics

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
July 29, 2021
Webinar
Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021