Jinko Solar is a Chinese manufacturer of photovoltaics and a developer of solar projects. The company started out as a wafer manufacturer in 2006 and had its IPO in 2010. Jinko Solar has a vertically integrated business model manufacturing wafers, cells and modules. At the end of 2015, the capacities were 3 GW, 2.5 GW and 4.3 GW, respectively. Jinko Solar has over 15,000 employees and five production sites. In 2015, the company built a manufacturing plant in Malaysia to circumvent tariffs. The company shipped 4.51 GW modules in 2015. The company's guidance is 6.0-6.5 GW modules in 2016, a growth of 33% year-on-year.
Jinko Solar is a member of the 'Silicon Module Super League' (SMSL), a group of big-six c-Si module suppliers in the solar PV industry today. The other five members of the group are Canadian Solar, Hanwha Q CELLS, JA Solar, Trina Solar, Xi'an Longi Silicon Materials (the world's largest solar monocrystalline silicon manufacturer), and Yingli Green.
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Products
Jinko Solar offers polycrystalline photovoltaic modules. In early 2016, the company introduced Eagle Black and Eagle Dual modules. The Eagle Black module is a nano-scale etched module that has high light-absorption rate of 99.7 percent, improved production when light hits at an angle during dawn and dusk and outperforms standard panels on cloudy days. The Eagle Dual is a dual-glass module that has low degradation rates and comes with a 30-year warranty. The company also offers 1,500 volt utility-scale modules.
Jinko Solar has one of the lowest production costs in the industry. In the fourth quarter of 2015, the cost per watt was 39 cents. In the first quarter 2016, the cost per watt dropped to 37 cents.
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Solar projects
Jinko Solar develops solar projects, mainly in China. At the end of 2015, the company had connected 1,006 MWs to the grid. The company plans to separate its solar projects business. The solar projects are in a subsidiary named Jinko Power. The planned spin-off of Jinko Power has been affected by delays, but management expects the spin-off to take place in 2016. Jinko Solar made a definitive agreement to sell its stake in Jinko Power for $250 million in cash in October 2016.
Controversy
On Thursday, 15 September 2011, more than 500 people from Hongxiao Village protested over the large-scale death of fish in a nearby river. Angry protesters stormed the factory compound, overturned eight company vehicles, and destroyed the offices before police came to disperse the crowd. Protests continued on the two following nights with reports of scuffle, officials said. Chen Hongming, a deputy head of Haining's environmental protection bureau, said the factory's waste disposal had failed the pollution tests since April. The environmental watchdog has warned the factory but it had not effectively controlled the pollution, Chen added.
Source of the article : Wikipedia
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