JinkoSolar – Statistics and Facts

Konrad Wolfenstein

6 years ago

JinkoSolar – Building your Trust in Solar – Image: Lutsenko_Oleksandr|Shutterstock.com

JinkoSolar Holding Co. is a Chinese company headquartered in Shanghai, founded in 2006. JinkoSolar manufactures and sells solar cells, solar modules, and mounting systems for solar modules. Its subsidiary, JinkoPower, operates its own solar parks with a nominal capacity of 1,006 MW (as of the end of the fourth quarter of 2015). With a global market share of 7.3% and modules with a nominal capacity of 2.94 GW produced, JinkoSolar was the world's third-largest manufacturer of crystalline solar modules in 2014.

JinkoSolar maintains offices in 13 different countries, including China itself, Germany, the United States, Canada, Japan and Australia.

JinkoSolar Holding Co., Ltd. is listed as one of the world's largest solar module manufacturers. The Chinese company established its roots as a wafer manufacturer in 2006 and has consolidated its position as a distributor of solar products for utilities, as well as residential and commercial customers, in over 70 countries and regions worldwide. Nevertheless, China remains JinkoSolar's largest market, although its reach is expanding—particularly in the United States and emerging markets such as Chile, Thailand, and India.

JinkoSolar is a member of the Silicon Module Super League (SMSL), whose other members include crystalline silicon module providers: Canadian Solar, First Solar, GCL-SI, Hanwha Q-CELLS, JA Solar, LONGI Solar, Risen Energy, and Trina Solar. Membership in this exclusive group required a delivery capacity to the end market of more than five gigawatts. Among SMSL members, Canadian Solar generated the highest revenue in 2018. The following year, JinkoSolar surpassed this figure, achieving revenue of US$4.3 billion.

JinkoSolar has a vertically integrated solar value chain and produces ingots and wafers, solar cells, and solar modules. The company manufactures polycrystalline photovoltaic modules as well as the Eagle Black and Eagle Dual modules, which offer improved efficiency. JinkoSolar also sells electricity within China. Its subsidiary, Jinko Power, focuses on the development, construction, and operation of solar power plants worldwide.

Demand for PV solar power is expected to stagnate in the coming years. After years of exponential growth, the introduction of import taxes and the reduction of renewable energy subsidy budgets by countries like China will likely lead to a less pronounced growth rate.

In 2015, JinkoSolar entered into a strategic partnership with the American chemical company DuPont to improve the efficiency and durability of its solar modules and solar cells, and to develop and supply improved materials, including DuPont metallization pastes and coating materials. The two companies also plan to collaborate on marketing.

In the same year, JinkoSolar's subsidiary JinkoSolar (US) Inc. entered into a cooperation agreement with the American microinverter manufacturer Enphase Energy to offer the products of both companies bundled together and to give customers access to Enphase Energy's operation and maintenance service to increase system availability.

The sale of the photovoltaic project business was announced at the end of 2016.