JinkoSolar setting up 7GW ingot and wafer plant in Vietnam

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Robot assembly at one of JinkoSolar’s production facilities. Image: JinkoSolar.

‘Solar Module Super League’ (SMSL) member JinkoSolar is investing US$500 million to set up a monocrystalline ingot and wafer manufacturing facility in Vietnam that will supply its cell and module plants in the US and Malaysia.

Having received approval from local authorities earlier this year, JinkoSolar has already started work on the plant in the northern Quảng Ninh province that is being set up to support its existing overseas production facilities.

With an annual capacity of 7GW, it is expected the plant will be operational in the first quarter of 2022.

The decision to construct the plant in Vietnam is part of JinkoSolar’s strategy to ensure the long-term stability of the company’s global supply chain, said Nigel Cockroft, general manager of JinkoSolar (US).

“This facility enables the use of raw material inputs from a variety of countries, thus increasing the amount of local content used in our modules, and especially in the modules produced in the Jacksonville, Florida, facility.”

Opened in 2018, JinkoSolar’s Jacksonville plant is focused on the manufacture of high-efficiency 60-cell and 72-cell monocrystalline PERC modules.

Coinciding with the publication of its Q2 financial results earlier this month, JinkoSolar CEO Xiande Li said the company is taking initiatives to  “increase the reliability of our services to the US market”. As part of this strategy, the firm recently signed a five-year polysilicon supply deal with Wacker Chemie and formed strategic co-operations with manufacturers such as Tongwei and Xinte.

JinkoSolar shipped 5.2GW of solar products in Q2 2021, a 16.4% increase year-on-year. The company expects to end 2021 with solar wafer, cell and module capacity of 32.5GW, 24GW and 45GW, respectively.

Read Next

October 18, 2021
Recent solar wafer and cell price increases from both LONGi Solar and Tongwei, which have seen prices rise by between 5.6 – 7.7%, have underscored heightened volatility in the solar supply chain.
October 14, 2021
JinkoSolar has laid claim to a new n-type monocrystalline silicon solar cell conversion efficiency record, taking that efficiency rating to 25.4%.
PV Tech Premium
October 14, 2021
China Silicon Industry, the country’s trade association for the nonferrous metals industry, has warned that pricing for polysilicon chips has soared 13.2% to highs of RMB273/kg (US$42.42/kg), placing further pricing pressure on the solar industry.
October 13, 2021
EDF Renewables has targeted Vietnam’s solar market by investing in rooftop PV installer SkyX Solar, a subsidiary of investment management firm VinaCapital.
October 13, 2021
Reliance New Energy Solar (RNES) has invested US$29 million in German wafer technology company NexWafe’s Series C financing round as it looks to establish wafer production facilities in India.
PV Tech Premium
October 11, 2021
China’s solar module market has returned from its National Day festival to yet another surge in module prices, which are now standing at two-year highs. PV Tech’s Carrie Xiao analyses the impacts of this most recent price increase as the industry steadies itself once again.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021