Ranked No. 1 in the World for 4 Consecutive Years. Why Jinko?

Recently, Jinko has frequently moved, and international solar module orders have been continuously updated. At the same time, it has also raised its 2020 performance forecast. 

According to incomplete statistics, JinkoSolar’s international solar photovoltaic module orders opened in 2020 only reached 1.2GW. 

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Judging from the recent international orders signed, including Sri Lanka and Hungary, JinkoSolar supplies 400W high-efficiency Cheetah solar panels for Sri Lanka roof projects and 13.6MW modules for 19 photovoltaic power stations in Hungary. 

The announcement revealed that JinkoSolar provided 2MW high-efficiency Cheetah series solar panels to Jacksons Power and Energy in Sri Lanka, which is currently one of the country’s largest rooftop photovoltaic systems. Compared with traditional single-sided solar panels, Cheetah’s 158.75-size half-cell cell design enables industrial and commercial rooftop photovoltaic systems to provide higher power, efficiency, and less shadow blocking effects, increasing the power generation by 15% in the same area. 

In Hungary, JinkoSolar supplied 13.6MW of solar modules to Photon Energy Solutions HU Kft (“Photon Energy”) for installation in three Hungary projects. These projects consist of 19 photovoltaic power plants, located in Tisa Kecske, Hungary, Ormászf it, and Nagyécéd, Hungary. It is understood that the total annual power generation of the above power stations is expected to be 16GWh. 

In addition, JinkoSolar recently provided 1GW of high-efficiency photovoltaic solar panels to photovoltaic power stations in Colombia, Mexico and Spain. 

In fact, most of the orders for photovoltaic module companies in 2020 have been signed in the second half of 2019, and JinkoSolar’s public orders are actually only part of the signed orders. 

People in the photovoltaic industry will not be unfamiliar with Jinko Energy. JinkoSolar Holdings Limited (NYSE: JKS) is a ground company in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the UAE, Italy, Spain, France, Belgium and other regions. Solar power products, solutions and technical services are provided by power station, commercial and civil customers. 

It is worth mentioning that JinkoSolar recently raised its forecast for the fourth quarter and full year of 2019. 

JinkoSolar predicts that total solar PV module shipments in the fourth quarter of 2019 will reach 4.5GW-4.6GW, with total revenue of US $ 1.35 billion-US $ 1.38 billion, respectively, a 6% increase from previous estimates, 14%. In terms of gross profit margin, JinkoSolar is expected to reach 18% -20% in the fourth quarter of 2019, and the previous guidance price was 18.5% -20.5%. 

For the full year of 2019, JinkoSolar will increase its total solar PV module shipments to 14.3-14.44GW. 

Looking forward to 2020, JinkoSolar estimates that this year’s module shipment will be about 18GW-20GW, which is about 4GW-6GW higher than the full-year forecast for 2019, which means that total PV module shipments will increase by 35%. 

It should be noted that since 2016, JinkoSolar has firmly occupied the leading position in global photovoltaic module shipments. 

According to statistics, JinkoSolar continues to be the leader in photovoltaic modules in 2019, and Jinko’s module shipments in 2019 are 14.3-14.44GW, which is 37.86% higher than the second place. This is the fourth consecutive year that JinkoSolar has occupied the largest shipments since 2016. 

JinkoSolar has established a vertically integrated photovoltaic industry chain. As of December 31, 2019, monolithic wafer capacity was 11.5 GW, solar cell capacity was 10.6 GW, and solar module capacity was 16GW. JinkoSolar has 7 production bases worldwide, 15 overseas subsidiaries, and more than 15,000 employees. 

Editor: Carrie Wong / WSL Solar 

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006. 

https://www.wsl-solar.com

Source from: https://www.wsl-solar.com/Industry_News/2020/0310/Jinko-2020-performance-forecast.html

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WSL Solar

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