JinkoSolar Adding 5 GW More Mono Wafer Capacity

Chinese Solar Module Giant JinkoSolar Expanding High-Efficiency Mono Wafer Production Capacity At Chinese Facility With An Additional 5 GW
10:57 PM (Beijing Time) - 08. November 2019
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Back to back announcements for a total of 10 GW high efficiency mono wafer capacity by JinkoSolar is an attempt by the world's largest vertically integrated module supplier to enhance the overall integration of its production, said CEO Kangping Chen. (Photo Credit: TaiyangNews)

Key Takeaways

  • JinkoSolar has announced its additional expansion plans for mono wafer production capacity
  • It will be adding 5 GW more of this capacity at its Leshan, Sichuan province located fab in China under Phase II of its expansion plans
  • Company expecting annual cumulative mono wafer production capacity to reach 18 GW once the additional 5 GW goes online in Q2/2020
  • Under Phase I, its previously announced 5 GW greenfield production facility has already achieved full capacity

The world’s largest solar module supplier JinkoSolar Holding Co., Ltd. is expanding its high efficiency mono wafer production capacity with 5 GW more at its new facility in Leshan, Sichuan Province. Once this comes online, it will boast of 18 GW of cumulative mono wafer manufacturing capacity, the Chinese company said.

Only in April 2019, vertically integrated JinkoSolar announced its plans to construct a 5 GW new greenfield mono wafer production facility in Sichuan with full production ramp up to be achieved by Q4/2019 which would have taken its cumulative mono wafer capacity to 11.5 GW (see JinkoSolar Plans New 5 GW Mono Wafer Fab).

Now, it says the first 5 GW capacity expansion project formed Phase I, began production in Q2/2019, and has already reached full capacity. Under Phase II, it will now add another 5 GW to begin full production in Q2/2020.

Explaining the rationale, JinkoSolar CEO Kangping Chen said, “With this added capacity, we will be ideally positioned to benefit from the growth opportunities that strong demand for high-efficiency mono products are creating. Rapidly expanding capacity for mono products will enhance the overall integration of our production and significantly improve overall profitability going forward.”

Till the end of June 2019, JinkoSolar had 10.5 GW annual production capacity for silicon wafers, 7.4 GW of solar cells, 12.6 GW of solar modules.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani