On September 23, JinkoSolar’s 2020 Q2 report card was officially announced, with revenue of 8.45 billion yuan, a year-on-year increase of 22.2%, and photovoltaic module shipments of 4.469GW. Superimposed on Q1 shipments of 3.4GW, JinkoSolar’s total module shipments in the first half of the year was 7.869GW, continuing to rank No.1 in global PV module shipments. For the whole year of 2020, JinkoSolar expects total module shipments of 18G-20GW.
JinkoSolar, which occupies the “C” position in the industry, is obviously actively planning the next goal. On September 21, JinkoSolar officially announced that it will spin off its subsidiary Jiangxi Jinko to enter the science and technology innovation board in the next three years, and then it will form a new company. The dual structure of JinkoSolar on the Stock Exchange and Jiangxi Jinko on the Sci-tech Innovation Board.
At the same time, from September 22 to 24, JinkoSolar was invited to attend the most influential climate summit in 2020-the New York Climate Week Conference jointly organized by the Global Climate Organization, the United Nations, and New York City, actively contributing to the global post-epidemic Advice on sustainable development of the times. Jing Qian, Vice President of JinkoSolar, who attended the meeting, said: “In the post-epidemic era, as the basis of all economic activities, energy must be the CPU that restarts the economy, and renewable energy represented by photovoltaics has become the most competitive energy source. .”
Actively endorsing renewable energy. As early as September 2019, JinkoSolar had joined RE100. This organization was initiated by the Global Climate Organization and united with Apple, Google, Facebook, and other influential companies around the world. As the world’s first solar energy company to join RE100, JinkoSolar promises to use 100% renewable energy by 2025.
“Although my country ranks the second largest economy in the world, and is the largest photovoltaic power installation country and the largest manufacturing country, few Chinese companies have joined RE100 at present.” Qian Jing said. She called for more companies to join RE100, especially renewable energy companies, who should take part in promoting renewable energy from supplementary energy to main energy.
According to Qian Jing, JinkoSolar currently uses about 30% of all plants and global operations using renewable energy. JinkoSolar is confident that it will achieve 100% use of renewable energy by 2025. On the one hand, the scale of renewable energy is soaring, especially in the upcoming “14th Five-Year Plan”, the total amount of renewable energy planning is expected to increase significantly; on the other hand, the cost of renewable energy is falling rapidly. Take photovoltaics as an example, in the UAE, Photovoltaic projects in Portugal and other places have achieved electricity prices lower than “a dime per kilowatt-hour”, and their competitiveness is prominent. “In fact, this is also the main reason Jinko dared to join RE100.” Qian Jing said.
As for the specific measures to achieve 100% use of renewable energy, Qian Jing believes that the current expansion plan will undoubtedly play an important role.
Qian Jing revealed that in the next step, JinkoSolar will increase production capacity mainly in areas with abundant clean energy resources such as water, wind, and light. At the same time, it will deploy on all suitable rooftops such as manufacturing bases, workshops, warehouses, office buildings, and employee dormitories. Photovoltaic modules, and the construction of spontaneous and self-use photovoltaic projects near the plant, effectively increase the proportion of renewable energy.
In fact, Jinko’s currently disclosed expansion plan also confirms this trend. Xinjiang’s eighth workshop project resumed in August and is expected to start production at the end of October this year at the earliest. It is expected to add 3.5GW of monocrystalline wafer production capacity. At that time, Xinjiang Jinko will have 11GW capacity; Sichuan Jinko will have 10GW capacity, and the third phase of the project will start construction at the end of September. The planned capacity will be 10GW, and the total capacity will exceed 20GW by then; Qinghai Jinko’s 10GW monocrystalline project will start in March 2021 Start construction… These new production capacity bases, without exception, are all built in provinces rich in clean energy resources, such as Xinjiang, Sichuan, and Qinghai, to “use clean energy to produce clean energy.”
According to the person in charge of JinkoSolar, by the end of 2020, the production capacity of JinkoSolar’s silicon wafers, solar cells, and modules will reach 20GW, 11GW, and 30GW, respectively. In 2021, its production expansion plan will mainly focus on silicon wafers and solar cells. “Weak board” to further improve the level of vertical integration.