JinkoSolar adds 500MW of cell and wafer capacity with Topoint acquisition

Facebook
Twitter
LinkedIn
Reddit
Email

JinkoSolar has acquired the manufacturing assets of the struggling Topoint group of companies.

Topoint, based in Haining, Zhejiang Province, is currently undergoing restructuring under the supervision of the Haining City government and the Haining City People's Court.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The agreement will see Jinko acquire 500MW of cell and 500MW of wafer capacity plus 100MW of module capacity.

“Topoint's high-quality assets, consisting of technologically advanced and recently purchased equipment, will enable us to cost-effectively meet the growing demand of our strong international customer base,” said Kangping Chen, CEO, JinkoSolar.

“We believe that the geographic proximity of our existing facilities in Haining City with Topoint's assets will allow us to leverage our existing logistical infrastructure to efficiently integrate Topoint's assets,” he said.

China is currently encouraging consolidation in the PV manufacturing sector with a recent set of standard practices forcing firms to invest in modern facilities and practices or lose access to state support in the domestic market. A list of 109 companies that met the criteria was released last week. Currently restructing Topoint was not included.

“As the industry continues to consolidate, we expect dominant PV industry players to continue to acquire the high-quality assets of companies exiting the industry,” added Chen.

In October last year Trina CEO Gao Jifan said local governments needed to stop bailing out struggling solar manufacturers and start letting the market pick the winners. It is not clear which of those two categories the deal between Jinko and Topoint falls into.

Read Next

September 10, 2025
Indian solar module manufacturer Vikram Solar reported a 79.7% year-on-year increase in revenue for the first quarter of FY26.
September 10, 2025
Cordelio Power has started commercial operations at its 150MW Winfield solar project in Lincoln County, Missouri.
September 10, 2025
Voltalia is seeking compensation for the ongoing curtailment of its Brazilian solar and wind fleet, which has exceeded expectations this year.
September 10, 2025
Japanese solar cell manufacturer Toyo Solar has sold 1.6GW of solar PV cells in the first half of 2025, driving revenue of around US$139 million.
September 10, 2025
The CEFC has said that a coordinated approach to transmission in Pilbara, Western Australia, could save more than AU$30 billion over 25 years.
September 9, 2025
Iberdrola has signed a 77MW power purchase agreement (PPA) with Italian grocery retail group Selex Gruppo Commerciale.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines