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JinkoSolar Subsidiary Shangrao JinkoSolar Industry Development To Invest RMB 315 Million In Polysilicon Production Project

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  • The investment will be used for the construction of a high-purity polysilicon production line with an annual capacity of 100,000 tons
  • JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 22 GW for mono wafers, 11 GW for solar cells, and 31 GW for solar modules

JinkoSolar Holding Co., Ltd has announced its holding subsidiary, Shangrao JinkoSolar Industry Development Co., Ltd. plans to invest RMB315 million of monetary capital to increase capital and shares in Inner Mongolia Xinte Silicon Materials Co., Ltd. The investment will be used for the construction of a high-purity polysilicon production line with an annual capacity of 100,000 tons. After the capital increase is completed, the company will hold a 9.00 per cent stake in Inner Mongolia Xinte.

Cooperation with our supply chain partners, and jointly promote the development of the global solar market

Kangping Chen, CEO of JinkoSolar Co., Ltd., commented, “Xinte Energy is a leader in polysilicon technology and industrialized operations. We are very pleased to extend this close partnership with them, and remain fully confident about the accelerated growth of the PV industry over the next few years. We believe that this investment is not only a solid growth strategy, but will help to stabilize silicon material supply and reduce supply chain volatility. By cooperating with upstream specialized manufacturers, we will continue to strengthen the advantages of our integrated capacity and solidify the foundation for mass production of high-efficiency modules year-over-year. We will continuously work towards win-win situations through deeper cooperation with our supply chain partners, and jointly promote the development of the global solar market and accelerate the transformation of green energy.”

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JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 22 GW for mono wafers, 11 GW for solar cells, and 31 GW for solar modules, as of 31st December 2020.

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