JinkoSolar’s Major Capacity Expansion Plans

Jiangxi Jinko To Invest In 30 GW Ingots/Wafers, 24 GW Modules & 100,000 Ton Aluminum Frame Projects

JinkoSolar’s Major Capacity Expansion Plans

JinkoSolar’s principal operating subsidiary Jiangxi Jinko has entered 2 separate investment agreements with local administrations in China for massive capacity expansion. (Photo Credit: JinkoSolar Holding Co Ltd)

  • JinkoSolar subsidiary to add 30 GW of monocrystalline silicon pull rod production capacity in Xining city of Qinghai province in China
  • It also entered agreements to establish 24 GW of high efficiency solar module capacity in Shangrao city of Jiangxi province
  • The company will also invest in adding 100,000 tons of PV module aluminum frames in Shangrao

Vertically integrated solar PV company JinkoSolar Holding Co Ltd has said its principal operating subsidiary Jinagxi Jinko will invest on adding 30 GW of crystallization and wafers, 24 GW of high efficiency solar module and 100,000 tons of PV module aluminum frame capacity, under 2 separate agreements signed.

With Qinghai Provincial Department of Industry and Information Technology, Xining Municipal Government and Xining Economic and Technological Development Zone Management Committee, Jiangxi Jinko will target annual production capacity of 30 GW for monocrystalline silicon rods. This facilities will included both the process of pulling single crystal ingots and slicing these into wafers.

It plans to build the project in 2 phases with phase I target of 20 GW annual capacity worth RMB 7.0 billion. Construction on this phase is planned to start in April 2022. Remaining 10 GW capacity will be realized between 2023 to 2024 for an investment of approximately RMB 3.0 billion.

Under the 2nd investment framework agreement with Shangrao Guangxin District Government, it plans to manufacture a total of 24 GW of high efficiency solar PV modules along with 100,000 tons of PV module aluminum frames in Shangrao city of Jiangxi province. Both these projects are estimated to cost an investment worth RMB 10.8 billion and will be realized in 3 phases.

Phase I will see 8 GW of module capacity coming online by December 15, 2022 and become fully operational by June 15, 2023 in Shangrao city of Jiangxi province. Under phase 2, another 8 GW module capacity will be put into operation with construction commencing in Q4/2023. The remaining 8 GW module capacity is planned for phase 3 along with 100,000 tons of aluminum frames. For the 3rd phase, the company plans to start construction in Q3/2025.

Details for all of the above production projects are subject to further negotiations, JinkoSolar stated but said Jiangxi Jinko in which it owns around 58.62% equity stake, will enjoy certain preferential policies of the local governments.

CEO of Jiangxi Jinko, Kangping Chen said developing its own production of monocrystalline silicon pull rods will strengthen the group’s in-house production capabilities. He added, “Backed by local policies and industrial supply chain in Shangrao city, this project will help the Company to ramp up to realize the full potential of its in-house integrated production capacity, and ensure the production and delivery of high-efficiency products over the next few years.”

Jiangxi Jinko or Jinko Solar Co Ltd raised close to RMB 10.0 billion through its initial public offering (IPO) when it got listed on China’s STAR Market in January 2022 (see Jinko Solar Now Publicly Listed in China).

Recently, TaiyangNews held a Special Focus Webinar on TOPCon solar modules with JinkoSolar, ISFH and TÜV Nord (see TaiyangNews Special Focus Webinar On TOPCon).

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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