JinkoSolar Supplies 100 MW Modules For Vietnamese Solar Projects

JinkoSolar, one of the leading solar module manufacturers based out of China, has announced that it has supplied 100MW of high efficient solar modules for the Srepok 1 and Quang Minh Solar Power Plant Complex, one of Vietnam’s largest solar power projects.

The project is located in Buon Don district in the Central Highlands province of Dak Lak. Construction work on the projects began in October 2018 with commercial operations beginning in January 2019. A total of US $95 million was invested in the project by Dai Hai Investment. The project is expected to reduce the need to import approximately 90,000 tons of coal into Vietnam annually and reduce CO2 emissions by 72,000 tons.

Speaking at the inauguration of the project, Deputy Prime Minister Truong Hoa Binh said that Dak Lak had an important strategic position in terms of economic development and security and defence in the region.

Deputy Prime Minister Binh said, “Renewable energy has become a global trend and Vietnam in general, and Dak Lak in particular, have a lot of potential for solar energy development. This complex will play an important role in our efforts to further the province’s socio-economic development while ensuring national energy security.”

JinkoSolar was selected as the exclusive supplier for the project due to its strong global track record and high-efficiency panels which are ideally suited for Vietnam’s hot and humid climate.

Gener Miao, Chief Marketing Officer of JinkoSolar, commented, “We are excited to collaborate with Dai Hai Investment to develop and promote solar energy in Vietnam. As one of the largest solar plants in this country, this project demonstrates JinkoSolar’s commitment to manufacturing reliable PV modules which form the foundation of this 25-year solar project investment. Quality is critical to large projects like this one.”

Recently, the company reported a sizeable jump in its shipments and margins in 2018. For 2018 on a consolidated basis across its business, JinkoSolar posted a module shipment of 11.4GW in 2018 — a 16 percent increase from the previous year, marking the third consecutive year with a top ranking in global delivery with a  market share of 12.8%. Total turnover for 2018 was close to $3.93 billion, with the final quarter of the year adding $1.29 billion out of the total, a 45% jump over the corresponding quarter last year.