The International Finance Corporation (IFC) was said to have announced that it will invest up to US$60 million in Malaysian PV company Jinko Malaysia, according to Deal Street Asia.
IFC’s financing will allow Jinko Malaysia to spur its technology investment endeavors and associated working capital needs at its production facilities in Penang.
The investment from IFC will come in two segments, including a US$40 million IFC A Loan from IFC’s own account, along with US$20 million from the Managed Co-Lending Portfolio Program (MCPP).
Jinko Malaysia, a subsidiary of JinkoSolar, will use the IFC funding for a US$100 million plan to upgrade its existing solar cell production lines to passivated emitter rear cells (PERC), which will boost energy conversion and cut down on system costs.
JinkoSolar has plans capital expenditure of between US$400 million to US$500 million in 2017, including PERC technology upgrades totalling around 600MW, due to continued demand for high-efficiency modules and supply shortage of mono-PERC modules such as its N-type mono-PERC bifacial module as displayed recently at SNEC 2017.
JinkoSolar’s Malaysian cell and module plant was opened in May, 2015 but was not originally established with PERC tool upgrades.
JinkoSolar presents its tiling ribbon TR technology for the new high-end Tiger Pro series on June 8th, pressing ahead with plans to shift to a 500+ Wp range. As the first 580Wp utility solar panel, boasting an efficiency of 21.6%, Tiger PRO has been described as the world’s most powerful commercialised panel. Gain a comprehensive understanding of the Tiger PRO module series, with power generation of up to 580Wp. Learn about the premium technical features of the Tiger PRO series. Understand the impact of ultra-high efficiency modules on the LCOE of utility scale projects, including calculation of the yield benefit for different environmental conditions and installation types
The first ever event dedicated specifically to solar PV Heterojunction manufacturing and multi-GW production challenges and opportunities. Meet the global community driving Heterojunction to multi-GW status in mass production today in the spectacular setting of St. Petersburg in Russia.
Going into its fifth year over 200 delegates from 150 companies and 20 countries representing the PV supply chain will gather in Malaysia to discuss the technology roadmaps for PV cell advancement in GW markets. The scope of the event has been expanded this year, to cover developments in wafer supply and thin-film investments and technologies alongside all the regular benefits to all stakeholders tracking PV technology and investment trends for the next 5 years.
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