The uncertainties related to the pandemic have concentrated the key gamers in photo voltaic power and “have intensified the competitors for the ‘survival of the fittest’,” mentioned Xiande Li, chairman and CEO of JinkoSolar. The corporate’s newest figures present it’s nicely positioned in Australia and on the worldwide stage.
JinkoSolar’s unaudited monetary outcomes for the fourth quarter of 2020 and for the total 12 months 2020 place it as the most important producer of photovoltaic panels on the earth, with module deliveries of 18,771 MW – a rise of 31.4% from 12 months on 12 months, regardless of what Xiande Li, the corporate’s chairman and CEO, described as “a tough 12 months for the photo voltaic trade as world markets had been plunged into uncertainty as a result of COVID-19 ”.
The corporate recorded complete income of US $ 5.38 billion, up 18.1% from 2019; and non-GAAP (US usually accepted accounting rules) web revenue of $ 146.9 million, down 1.2% from 2019. Its gross margin calculated for 2020 was 17.6 %, in comparison with 18.3% for the 12 months 2019.
Trying forward, Li mentioned the corporate expects “complete shipments in 2021 to extend by greater than 30%, starting from 25 GW to 30 GW”; whereas the annual in-house manufacturing capability will attain 33 GW of monocrystalline silicon wafers, 27 GW of photo voltaic cells and 37 GW of modules.
Li attributes the corporate’s built-in operations and provide chain administration to its resilience to the continued volatility of the economic worth chain, which he says will doubtless proceed into the second quarter of 2021.
However, he mentioned, “Because the world enters the period of grid parity,” during which electrical energy produced from renewables is priced at or beneath that generated by electrical energy. conventional fossil fuels, JinkoSolar hopes to “solidify our presence in the primary areas of the world. “.
Australia on the roofs of the cherry on the massive photo voltaic slice
Based on strategic consulting agency SunWiz, JinkoSolar has captured 22%, the very best market share, of the Australian distributed rooftop technology market.
Anita Li, Managing Director of JinkoSolar for APAC and ANZ, was “delighted to substantiate our management place within the Australian market because the # 1 provider of modules to the nationwide roofing trade.”
By January of this 12 months, JinkoSolar had already claimed the most important share – greater than a 3rd by the tip of 2020 – from the Australian photo voltaic market to utility scale, primarily based on knowledge out there on the Australian Nationwide Electrical energy Market Scorecard.
On the time, he was keen to say 1 GW of the nation’s utility photo voltaic capability, when the Sunraysia, Glenrowan, Jemalong and Batchelor photo voltaic parks had been absolutely commissioned this 12 months.
The most important and higher?
January 2021 additionally noticed JinkoSolar pad proudly removed from the rostrum sporting the pv journal higher Module worth for its excessive density Tiger monofacial module.
“The know-how is absolutely revolutionary,” juror Jay Lin defined. Jinko’s Tiger deploys tilt with nice impact, packing 156 half-cells into the bigger module format for utility and C&I scale roofs, and 132 for the residential section. So the Tiger achieves 455-475 W from 156 cells and 375-395 W from 132 – each utilizing mono PERC cells.
“At 21.6% effectivity of the module, Jinko’s Tiger will not be a cat,” concluded the jurors representing the trade.
The corporate says it’s ready for its new technology Tiger professional flagship merchandise to “symbolize 40% to 50% of complete shipments this 12 months, with cumulative orders of over 10 GW”, however IIt’s nonetheless unsure when the high-performing Residential Tigers and C&I’ll bask on Australian rooftops.
Proof of the longer term, future plans
Xiande Li mentioned that though the “supply-demand mismatch” that emerged within the final quarter of 2020 continues to drive volatility within the photo voltaic market, “there’s sufficient polysilicon to help greater than 180 GW of module manufacturing ”.
In February this 12 months, the corporate entered right into a strategic cooperation settlement with Tongwei Co. “to collectively spend money on a excessive purity crystalline silicon undertaking with an annual capability of 45,000 tons and a silicon wafer undertaking of an annual manufacturing capability of 15 GW ”.
Additionally in February, JinkoSolar signed a photo voltaic glass buy settlement with Flat Glass Group Co., which secured roughly 338 million sq. meters of laminated glass to help the manufacturing of 59 GW of JinkoSolar modules from 2021 to 2023.
In different information revealed with JinkoSolar’s annual outcomes, Li mentioned the corporate is growing power storage merchandise particularly designed for the US and Japanese markets, and that its “Constructing Built-in Photovoltaic (BIPV) programs have been developed. put in in various industrial actual property tasks in China “.
Its newest BIPV undertaking is a carport for 40 electrical automobiles, which was related to the grid in China in January. JinkoSolar’s BIPV merchandise change the normal carport roof and provide electrical energy to charging pylons, with an annual manufacturing capability of over 150,000 kWh.
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