Chinese manufacturer JinkoSolar Holding has announced the construction of a greenfield 5GW mono wafer production facility in Leshan, Sichuan Province.
Upon completion, the new facility is expected to further increase JinkoSolar’s mono wafer production capacity from 6.5GW to 11.5GW.
As of 31 December 2018, JinkoSolar’s mono wafer capacity was 5.7GW. The company worked on improving its production output and efficiency, which increased the capacity to 6.5GW as of 31 March 2019.
JinkoSolar CEO Kangping Chen said: “Global demand for high-efficiency mono products is increasing significantly with technology facilitating the shift from multi-based products to mono ones. We believe the new mono wafer production facility will enable us to greatly benefit from this growing demand.
“Our new production facility will serve as a leading benchmark for the industry to emulate with its industry-leading cost structure and cutting-edge technologies.
“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.”
The Chinese company noted that it has already signed an investment agreement with feasibility reports and project design planning completed for the Sichuan production facility.
Sichuan facility is expected to commence production in the third quarter of this year and reach full capacity this fourth quarter.
Last month, JinkoSolar Holding announced that it supplied 100MW of photovoltaic (PV) modules to the Srepok 1 and Quang Minh Solar Power Plant Complex in Vietnam.
Located in Buon Don district in the Central Highlands province of Dak Lak, the project was built with VNĐ2.2tr ($95m) investment from Dai Hai Investment.