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Released August 15, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--JinkoSolar (NYSE:JKS) (Shanghai, China), a leading global solar panel manufacturer, notched up a 74.4% increase in shipments in the second quarter when compared with the same period last year. More affordable prices for modules led to a surge in module demand across several global markets, including the U.S., where the company already is seeing demand for one of its latest models. Industrial Info is tracking more than $18.5 billion worth of solar projects across the U.S. that are using, or considering using, Jinko's products, including more than $5 billion worth already under construction.
Click on the image at right to see a graph of the top 10 parent companies for U.S.-based solar projects that are under construction and using Jinko products.
In a quarterly earnings-related presentation, Jinko executives singled out the company's second-quarter shipments for N-type modules, which are among the most efficient models on the market. With global shipments totaling about 10.4 GW, Jinko became the first module company to deliver more than 10 gigawatts (GW) worth of N-type modules in a single quarter. One of Jinko's N-type products, the Tiger Neo, is to be used in NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) $225 million Flint River Solar Energy Center in Bainbridge, Georgia. The project, which began construction in April and is designed to generate 200 megawatts (MW), is expected to wrap up in the third quarter of 2024. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Industry Project Database can learn more from a detailed project report.
"We are optimistic that demand will grow as prices stabilize and raise our module shipment guidance for 2023 to be in the range of 70 to 75 GW, with N-type module accounting for approximately 60% of total module shipments," said Xiande Li, the chief executive officer of Jinko, in a press release. "As demand for N-type products continues to increase in the global market, we will move on to invest in N-type capacity, which is competitive both in technology and costs."
The Tiger Neo is an upgrade to Jinko's popular Tiger Pro model, which is being considered by Samsung Group (Seoul, South Korea) for its proposed Langdon Mills Solar Plant in Cambria, Wisconsin. Ursa Solar--which is a subsidiary of Samsung Solar Energy 2, the renewable energy arm of Samsung C&T America--wants to build a 200-MW solar farm in Cambria, which is about 40 miles northeast of Madison, that would include a 50-MW battery energy-storage system (BESS). Technology from Hanwha Q Cells (Qcells), a unit of Korean company Hanwha Group (Seoul), also is under consideration for the project. Subscribers can learn more from a detailed project report.
The Tiger Pro also is a component in Doral Renewables LLC's (Philadelphia, Pennsylvania) $475 million Mammoth Solar Plant in Winamac, Indiana, which is expected to finish construction toward the end of the year. Doral Renewables, which is a joint venture of Doral Group (Ramat Gan, Israel) and Clean Air Generation LLC, expects to generate up to 480 MW, with two additional phases to follow. Subscribers can learn more from Industrial Info's project report.
Another popular Jinko model, the Eagle 72M-V, will be used in a major solar-BESS project nearing completion: NextEra's $305 million Resurgence Solar Station in Boron, California, which is expected to generate 138 MW from 312,000 Eagle panels, with a BESS capacity of 115 MW. Subscribers can learn more from a detailed project report.
NextEra, which accounts for the most active projects using, or considering using, Jinko's technology of any U.S. power-generation company, purchases millions of solar panels every year from Jinko's only U.S.-based manufacturing plant: a photovoltaic panel and module plant in Jacksonville, Florida. Jinko is proposing a series of upgrades and expansions at the Jacksonville plant to accommodate rising demand for its products. Subscribers to Industrial Info's GMI Industrial Manufacturing Project Database can learn more from Industrial Info's project report.
Other developers with projects under construction using Jinko modules include Invenergy LLC (Chicago, Illinois), which is building two such projects in Wisconsin: the $280 million Paris Solar Generating Station in Union Grove, which is expected to produce 200 MW after it finishes construction toward the end of this year; and a $300 million solar plant near Darien, which is expected to generate 250 MW after it wraps up toward the end of 2024. Darien also features a 75-MW BESS; in December, Wisconsin's Public Service Commission approved Madison Gas & Electric to purchase solar energy and battery storage power capacity from Darien. Subscribers can read detailed project reports on the Union Grove and Darien solar plants, and the Darien BESS.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of solar projects across the U.S. that are using, or considering using, Jinko's products, and click here for a full list of reports for those under construction.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right to see a graph of the top 10 parent companies for U.S.-based solar projects that are under construction and using Jinko products.In a quarterly earnings-related presentation, Jinko executives singled out the company's second-quarter shipments for N-type modules, which are among the most efficient models on the market. With global shipments totaling about 10.4 GW, Jinko became the first module company to deliver more than 10 gigawatts (GW) worth of N-type modules in a single quarter. One of Jinko's N-type products, the Tiger Neo, is to be used in NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) $225 million Flint River Solar Energy Center in Bainbridge, Georgia. The project, which began construction in April and is designed to generate 200 megawatts (MW), is expected to wrap up in the third quarter of 2024. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Industry Project Database can learn more from a detailed project report.
"We are optimistic that demand will grow as prices stabilize and raise our module shipment guidance for 2023 to be in the range of 70 to 75 GW, with N-type module accounting for approximately 60% of total module shipments," said Xiande Li, the chief executive officer of Jinko, in a press release. "As demand for N-type products continues to increase in the global market, we will move on to invest in N-type capacity, which is competitive both in technology and costs."
The Tiger Neo is an upgrade to Jinko's popular Tiger Pro model, which is being considered by Samsung Group (Seoul, South Korea) for its proposed Langdon Mills Solar Plant in Cambria, Wisconsin. Ursa Solar--which is a subsidiary of Samsung Solar Energy 2, the renewable energy arm of Samsung C&T America--wants to build a 200-MW solar farm in Cambria, which is about 40 miles northeast of Madison, that would include a 50-MW battery energy-storage system (BESS). Technology from Hanwha Q Cells (Qcells), a unit of Korean company Hanwha Group (Seoul), also is under consideration for the project. Subscribers can learn more from a detailed project report.
The Tiger Pro also is a component in Doral Renewables LLC's (Philadelphia, Pennsylvania) $475 million Mammoth Solar Plant in Winamac, Indiana, which is expected to finish construction toward the end of the year. Doral Renewables, which is a joint venture of Doral Group (Ramat Gan, Israel) and Clean Air Generation LLC, expects to generate up to 480 MW, with two additional phases to follow. Subscribers can learn more from Industrial Info's project report.
Another popular Jinko model, the Eagle 72M-V, will be used in a major solar-BESS project nearing completion: NextEra's $305 million Resurgence Solar Station in Boron, California, which is expected to generate 138 MW from 312,000 Eagle panels, with a BESS capacity of 115 MW. Subscribers can learn more from a detailed project report.
NextEra, which accounts for the most active projects using, or considering using, Jinko's technology of any U.S. power-generation company, purchases millions of solar panels every year from Jinko's only U.S.-based manufacturing plant: a photovoltaic panel and module plant in Jacksonville, Florida. Jinko is proposing a series of upgrades and expansions at the Jacksonville plant to accommodate rising demand for its products. Subscribers to Industrial Info's GMI Industrial Manufacturing Project Database can learn more from Industrial Info's project report.
Other developers with projects under construction using Jinko modules include Invenergy LLC (Chicago, Illinois), which is building two such projects in Wisconsin: the $280 million Paris Solar Generating Station in Union Grove, which is expected to produce 200 MW after it finishes construction toward the end of this year; and a $300 million solar plant near Darien, which is expected to generate 250 MW after it wraps up toward the end of 2024. Darien also features a 75-MW BESS; in December, Wisconsin's Public Service Commission approved Madison Gas & Electric to purchase solar energy and battery storage power capacity from Darien. Subscribers can read detailed project reports on the Union Grove and Darien solar plants, and the Darien BESS.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of solar projects across the U.S. that are using, or considering using, Jinko's products, and click here for a full list of reports for those under construction.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
