JinkoSolar To Ship 9 GW Modules In 2017

China’s JinkoSolar Provides Impressive Shipment Guidance For 2017; Plans To Increase Wafer, Cell, Module Capacities
07:33 PM (Beijing Time) - 28. February 2017
n_bus_fin results_JinkoSolar 2016_graph1_ab 2017-02-28

With a module shipment guidance range of 8.5 GW to 9.0 GW, JinkoSolar should be by far the largest module supplier in 2017.

Key Takeaways

  • JinkoSolar has guided for solar modules shipments in 2017 to be in the range of 8.5 GW to 9 GW
  • In 2016, module shipments were 6,656 MW, while for Q4/2016 the figure came to 1,733 MW
  • China continued to be the biggest market for the Chinese company, and is expected to maintain the most important destination for shipments in 2017 as well
  • Wafer capacity is slated to increase to 7,000 MW, solar cells to 4,500 MW and module capacity to 8,000 MW by the end of 2017
  • JinkoSolar will be increasing its mono wafer capacity to 3 GW and increase its PERC cell capacity to 2 GW

JinkoSolar Holdings Co., Ltd. surprised one and all with its shipment guidance of up to 9 GW in 2017. The company has guided for module shipments in the current calendar year to reach 8.5 GW to 9 GW.

This will be an increase of over 35% from 6,656 MW of modules shipped in 2016. In 2015, the company had reported module shipments of 4,512 MW.

CEO Kangping Chen said that this ‘puts us formally in the position as the largest module supplier globally’.

Its home market China took 2,580 MW of Jinko’s shipments during 2016. JinkoSolar supplied 1,981 MW to North America, Asia Pacific took 769 MW, emerging markets 582 MW and Europe 374 MW.

In Q4/2016, JinkoSolar shipped 1,733 MW, up 7.9% from 1,606 MW achieved sequentially, and an increase of 1.3% YoY. For the quarter, the largest amount of products went to China with 40%, followed by 24% to Asia Pacific, 19% to North America, 10% to emerging markets and 7% to Europe.

JinkoSolar management has given a strong shipment guidance of 1.9 GW to 2.0 GW in Q1/2017. China will continue to be the strongest market for JinkoSolar as the management expects rush orders coming in before the FiT cut in June 2017.

JinkoSolar’s VP Global Sales and Marketing, Gener Miao shared that for the first half of the year, JinkoSolar is almost fully booked. For the second half, one-third of the order book is occupied.

Capacity expansion on the cards
Going by the demand for its PERC products, JinkoSolar will be increasing its
mono wafer capacity to 3 GW (1 GW at present) and PERC cell capacity to 2 GW (1.4 GW at present) by the end of 2017.

By the end of 2017, the company is targeting increasing its wafer capacity to 7,000 MW, solar cells to 4,500 MW and module capacity to 8,000 MW.

In keeping with the projected demand this year, vertically integrated module maker JinkoSolar plans to expand its existing capacity, in particular on the wafer and module level.
In keeping with the projected demand this year, vertically integrated module maker JinkoSolar plans to expand its production capacity, in particular on the wafer and module level.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani