JinkoSolar breaks ground on 56 GW solar factory

Photovoltaics Markets and Technology

JinkoSolar has broken the ground of a 56 GW PV panel manufacturing facility in China’s Shanxi province. It says the model new facility is likely to be vertically built-in and is likely to be constructed in 4 14 GW phases.

JinkoSolar has begun establishing a 56 GW vertically built-in module manufacturing facility in Shanxi province. The enterprise, situated inside the Shanxi Full Reform Demonstration Zone, entails a whole deliberate funding of CNY 56 billion ($7.8 billion), divided into 4 phases.

Each part will embrace 14 GW for the blending of ingots, wafers, photograph voltaic cells, and modules. All phases are projected to be completed inside a two-year improvement interval. The first-phase and second-stage duties are noticed to start manufacturing inside the first quarter and second quarter of 2024, whereas the third part and fourth sections are scheduled for completion and manufacturing in 2025.

Hainan Drinda New Vitality Know-how (Drinda) talked about it ought to make investments in an unspecified sum in a photograph voltaic cell manufacturing facility that Hoang Thinh Dat is establishing in Vietnam. The plant, with a design functionality of 14 GW of photograph voltaic cells, is located inside the Southeast Monetary Zone of Nghe An province, on 50 hectares all through two phases. The preliminary part, set for completion inside the fourth quarter of 2024, will cowl 30 hectares with a whole funding exceeding $450 million.

Flat Glass has reported its annual outcomes for the 12 months ending Dec. 31, 2023, with CNY 21.52 billion, of working earnings, up 39.21% from the earlier 12 months. It talked about its net income for 2023 was CNY 2.75 billion, up 30% 12 months on 12 months.

Irico Group New Vitality has reported CNY 3.14 billion of annual earnings for the 12 months to Dec. 31, 2023, up from CNY 2.47 billion in 2022. No matter larger glass product product sales, the company has reported an online lack of CNY 230.96 million for 2023, down from CNY 89.23 million inside the earlier 12 months. Irico Group New Vitality talked about it expects an upward improvement in glass prices to reinforce product sales results in the 12 months ahead, with additional progress anticipated when its Jiangxi photovoltaic enterprise commences manufacturing.

Solargiga Vitality Holdings has launched its annual outcomes for the 12 months to Dec. 31, 2023. Its product sales hit CNY 7.19 billion, as compared with CNY 6.86 billion inside the earlier 12 months. Its income attributable to mum or dad shareholders was CNY 111.9 million, down from a income of CNY 957.2 million in 2022. The company talked about it had 9.8 GW of module functionality on the end of 2023.

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