JinkoSolar Holding Co Ltd (NYSE:JKS) today said it has won over 10.7 GW of solar equipment orders for 2019 and said it is expanding its mono wafer production capacity to 11.5 GW.
The photovoltaic (PV) module maker is building a 5-GW mono wafer factory in Leshan, in China’s Sichuan Province, which will lift its manufacturing capacity from 6.5 GW at end-March, 2019. The new facility is slated to begin production in the third quarter of 2019 and reach full capacity in the October-December quarter.
Kangping Chen, CEO of JinkoSolar, said that the global solar industry is witnessing growing demand for high-efficiency mono products. “We expect the added mono wafer capacity from this new facility to significantly increase the proportion of self-produced high efficient products and improve overall profitability," he added.
In a separate press release, JinkoSolar announced over 10.7 GW of PV orders for 2019 for projects in Vietnam, Mexico, Spain and other markets. Most of the contracts are overseas orders with fixed terms and conditions.
"Our strategic foresight to expand into high efficient product markets at an early stage is paying off," according to chief marketing officer Gener Miao.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.