Massive PV Manufacturing Complex In China

JinkoSolar Plans RMB 56 Billion Vertically Integrated Solar PV Production Compound In Shanxi

Massive PV Manufacturing Complex In China

JinkoSolar expects to incur RMB 56 billion investment on its 56 GW manufacturing project in Shanxi. (Photo Credit: JinkoSolar Holding Co Ltd)

  • JinkoSolar has entered an investment framework agreement for a large scale manufacturing complex in Shanxi
  • It will host monocrystalline silicon pull rod, silicon wafer, high efficiency solar cells and modules with 56 GW annual capacity each
  • Phase I and II with 14 GW capacity for each of the products are planned to enter commercial operations in Q1 and Q2 of 2024

Leading Chinese solar manufacturer JinkoSolar Holding says its principal operating subsidiary Jinko Solar Co Ltd plans to build a gigantic manufacturing project in China’s Shanxi province with total annual production capacity of 56 GW for each of monocrystalline silicon pull rod, silicon wafer, high efficiency solar cells and modules.

The management announced these plans under an investment framework agreement with the Management Committee of Transformation Comprehensive Reform Demonstration Zone of Shanxi Province.

The massive complex is expected to cost the company a total investment of RMB 56 billion ($8 billion). It will be constructed in 4 phases spread out as 14 GW annual capacity for each phase.

Phase I of the project is expected to enter production in Q1/2024, followed by phase II in Q2/2024. Remaining phases III and IV are expected to start production in 2025, the company announced in a brief announcement.

Management said the investment decision for this project is based on its strategic development needs and judgement of industry’s market prospects. Its actual implementation will factor in market development and requisite approvals.

In its recent Q1/2023 financial results statement, JinkoSolar said that by the end of 2023,it targets to increase its annual production capacity for mono wafer and cell to 75 GW each and 90 GW for solar modules, up from 65 GW, 55 GW and 70 GW, respectively at the end of 2022 (see JinkoSolar Shipped 13 GW+ Solar Modules In Q1/2023). 

JinkoSolar will be part of TaiyangNews Global PV System Technology Trends H1/2023 Virtual Conference that will take place on 27-28 June 2023. For free registration to the event, click here now.

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews. Anu is our solar news whirlwind. At TaiyangNews she covers everything that is of importance in the world of solar power.

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