JinkoSolar Bags Over 10.7 GW Orders for 2019

The Chinese module manufacturer said that it has inked multiple large supply agreement orders in various markets including Vietnam, Mexico and Spain.

JinkoSolar Holding, one of the world’s largest solar module makers, has secured more than 10.7 GW of orders for the current year.

The Chinese module manufacturer said that it has inked multiple large supply agreement orders in various markets including Vietnam, Mexico and Spain.

On receiving a large number of orders, Shanghai-headquartered firm said, “Overseas orders with fixed terms and conditions account for the vast majority of the secured orders.”

However, the installations in China are expected to pick up during the second half of 2019, it added.

This record-high 10.7 GW order book consists primarily of high-efficiency products like Cheetah, which highlights a clear trend taking place in global markets with demand shifting towards high-efficiency products.

Commenting on winning record-high 10.7 GW orders, JinkoSolar, Chief Marketing Officer, Gener Miao said, “Leveraging our large geographic footprint, we were able to rapidly benefit from the accelerating shift towards high-efficiency mono panels and secure over 10.7 GW orders for 2019 in record time.”

“With grid parity approaching, we find ourselves in a very strong position in an otherwise highly competitive industry. Our strategic foresight to expand into high efficient product markets at an early stage is paying off. Jinko will continue to support our customers and partners with over 15 GW capacity of the industry-leading facility,” Miao said.

In another significant development, JinkoSolar has expanded its high-efficiency mono wafer production capacity with the construction of a new greenfield 5 GW mono wafer production facility in Leshan, Sichuan Province, China.

The company’s mono wafer capacity was 5.7 GW as of December 31, 2018, which increased to 6.5 GW as of March 31, 2019 through improvements in both production output and efficiency. The new facility is expected to increase the company’s mono wafer capacity from 6.5 GW to 11.5 GW upon completion.