Monday, May 27

JinkoSolar’s Subsidiary to Construct 56GW Cell & Module Manufacturing facility in Shanxi, China

JinkoSolar Holding Co., Ltd. one of the largest and most innovative solar module manufacturers in the world, today announced that its majority-owned principal operating subsidiary, Jinko Solar Co., Ltd. has entered into an investment framework agreement with the Management Committee of Transformation Comprehensive Reform Demonstration Zone of Shanxi Province for an integrated project manufacturing monocrystalline silicon pull rod, silicon wafer, high-efficiency solar cells and modules.

According to the Agreement, Jiangxi Jinko plans to construct production lines with a total annual production capacity of 56 GW for each of monocrystalline silicon pull rod, silicon wafer, high-efficiency solar cells and modules in the Transformation Comprehensive Reform Demonstration Zone of Shanxi Province, for a total estimated investment of approximately RMB56 billion. The Project will be constructed in four phases with an annual production capacity of 14 GW for each phase. The first and second phases of the Project is expected to commence production in the first and second quarter of 2024, respectively, and the third and fourth phases of the Project are expected to commence production in 2025. The detailed construction plan and schedule for the Project will be subject to market conditions and relevant governmental approvals.

JinkoSolar currently owns approximately 58.62% equity interest in Jiangxi Jinko.

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