Solar Module Super League (SMSL) member JinkoSolar has published its sales figures for the third quarter of this year, with the Chinese module manufacturer having shipped over 52GW of modules in the first nine months of the year.
The figures, which cover dates up to 30 September, are encouraging reading for the company, which has seen its module shipments increase in each quarter of the year. In the first and second quarters of the year, module shipments reached 13GW and 17.8GW respectively, meaning the company sold 21.2GW of modules in the third quarter of this year.
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JinkoSolar’s sales in the first half of the year are slightly better than those of other SMSL members, with its 30.8GW of shipments greater than the 27GW of modules sold by Trina Solar, the 26.6GW of modules shipped by LONGi and the 23.95GW of modules sold by JA Solar.
The company’s also saw very strong end market demand for its n-type tunnel oxide passivated contact (TOPCon) cells, which account for 57% of the year’s total shipments to this point. TOPCon cells, and its derivative technologies, have drawn increasing interest from the solar sector in recent years due to their potential for high conversion efficiencies.
JinkoSolar’s TOPCon cells, for instance, had a conversion efficiency of 25.5% in the second quarter of this year, and the company plans to continue research into the technology, and deliver a cell with a conversion efficiency of 25.8% by the end of this year.
The company’s investments into TOPCon could push the company back towards the top of the global solar module supplier rankings, which it led between 2016 and 2019, before losing the title to LONGi in 2020. JinkoSolar plans to ship 100GW of modules in 2024, and the company is on pace to sell around 77GW of modules in 2023.