JinkoSolar is likewise targeting a production capability of monocrystalline wafers, high-efficiency cells and modules of 120GW, 110GW and 130GW, respectively, of which n-type modules will represent more than 90% of this capability. In 2024, JinkoSolar anticipates its yearly module deliveries to be in between 100GW and 110GW, of which n-type deliveries will represent almost 90%.
The figures verify earlier reports into the business’s module deliverieswhich saw JinkoSolar lead all module producers in sales in 2023. The producer published income of almost RMB118.7 billion (US$ 16.4 billion), a year-on-year boost of more than 40%, and the net revenue attributable to the moms and dad business was almost RMB7.5 billion (US$ 1 billion), a year-on-year boost of more than 150%.
Much of JinkoSolar’s focus moved towards tunnel oxide passivated contact (TOPCon) cell mass production, which started in 2019, and since 2023, JinkoSolar’s yearly n-type production capability has actually surpassed 70GW. By the very same year, n-type deliveries reached 48.41 GW, with a 40% share of the similar market.
The business has actually likewise constructed and surpassed an integrated production and sales network, as displayed in the chart above. By the end of 2023, its vertically incorporated capability reached 85GW, 90GW and 110GW in the 3 core sections of wafers, cells and modules, respectively, with an integrated capability matching rate of more than 85%.
The Tiger Neo series was JinkoSolar’s primary item in 2023, a series of modules that it consented to provide to an Italian task previously today
It deserves keeping in mind that the very first stage of JinkoSolar’s 56GW vertically integrated base task in Shanxi province has actually been taken into operation. This task is likewise the market’s biggest n-type integrated production base.
Effectiveness enhancements
There has actually been substantial development in the solar area recently, with specialists from Clean Energy Associates (CEA) composing for PV Tech today that TOPCon modules have an energy yield as much as 2% greater than older passivated emitter and rear contact (PERC) modules.
In this environment, the need for sophisticated n-type items in the PV market has actually slowly ended up being mainstream, and it has actually ended up being more energetic with the boost in the overall set up PV capability internationally. Producers who have actually released n-type capability beforehand, such as JinkoSolar, can make money from this pattern.
With the facility and development of back contact innovation, the effectiveness enhancement of TOPCon has actually likewise ended up being the market focus. Public information programs that the theoretical effectiveness limitation of TOPCon cells is 28.7%, which is greater than the 24.5% of p-type PERC, while lots of module producers are producing TOPCon modules with an effectiveness of around 26%.
Evaluating from the effectiveness performance of JinkoSolar’s modules, its performance has actually enhanced at a sped up speed together with capability deliveries. According to its yearly report, the greatest conversion performance of its n-type TOPCon cells was 26.89%, and the greatest effectiveness of n-type TOPCon perovskite tandem cells was 32.33%. At the end of 2023, the typical performance of n-type cells in mass production surpassed 25.8%.
In Q1 2024, the typical conversion performance of modules under mass production went beyond 26%, and the output of n-type modules has to do with 30W greater than that of p-type items of the very same variation.