JinkoSolar Announces Expansion of Solar Module Manufacturing Capacity in Shangrao, China
Feb. 27, 2025 – JinkoSolar Holding Co., Ltd. (JinkoSolar or the Company), a leading solar module manufacturer globally, recently announced that its majority-owned principal operating subsidiary, JinkoSolar Co., Ltd., is expanding its solar module manufacturing capacity in Shangrao, China. This expansion is part of JinkoSolar’s ongoing commitment to meeting the growing demand for renewable energy solutions and reducing carbon emissions.
Expansion Details
The expansion project includes building a new 10 GW solar module manufacturing facility in the Shangrao Economic Development Zone. This new facility will be constructed in multiple phases, with the first phase planned to commence production in 2026. The total investment for this project is expected to reach approximately CNY 50 billion (around USD 7.8 billion).
Impact on the Industry
The solar industry is poised for significant growth in the coming years as countries worldwide shift towards renewable energy sources to reduce their carbon footprint. The expansion of JinkoSolar’s manufacturing capacity in Shangrao is a testament to this trend. With the new facility, JinkoSolar aims to increase its annual solar module production capacity to 35 GW by 2026. This expansion will make JinkoSolar one of the largest solar module manufacturers globally, further strengthening its position in the industry.
Impact on Consumers
The increased production capacity will lead to more affordable solar solutions for consumers. As JinkoSolar ramps up its manufacturing capabilities, economies of scale will enable the company to reduce production costs. These cost savings will be passed on to consumers in the form of lower solar panel prices, making solar energy more accessible and affordable for homeowners and businesses.
Impact on the Environment
The expansion of JinkoSolar’s manufacturing capacity in Shangrao will contribute to the global effort to reduce carbon emissions. Solar energy is a clean and renewable energy source, and the increased production of solar modules will lead to more solar installations worldwide. This, in turn, will help reduce the world’s reliance on fossil fuels and contribute to a more sustainable future.
Conclusion
JinkoSolar’s expansion of its solar module manufacturing capacity in Shangrao, China, is a significant development in the renewable energy sector. With the new facility, JinkoSolar will be able to produce more solar modules, making solar energy more accessible and affordable for consumers while contributing to the global effort to reduce carbon emissions. The solar industry is expected to grow significantly in the coming years, and JinkoSolar’s expansion is a clear indication of the industry’s potential.
- JinkoSolar is expanding its solar module manufacturing capacity in Shangrao, China.
- The expansion includes building a new 10 GW facility, with the first phase set to commence production in 2026.
- The total investment for the project is approximately CNY 50 billion (around USD 7.8 billion).
- The expansion will increase JinkoSolar’s annual solar module production capacity to 35 GW by 2026.
- The increased production capacity will lead to more affordable solar solutions for consumers.
- The expansion will contribute to the global effort to reduce carbon emissions and promote a more sustainable future.
