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Released January 13, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Jinko Solar (NYSE:JKS) (Shanghai, China) started the new year with some good news: U.S. Customs and Border Protection recently released a large volume of the company's solar panels into the U.S. market for sale, after it was determined that Jinko Solar was in compliance with the Uyghur Forced Labor Prevention Act (UFLPA). The company also is benefiting from a sharp drop in the price of polysilicon, a key ingredient in photovoltaic (PV) panels. Industrial Info is tracking more than $16.5 billion worth of solar projects across the U.S. that are using, or considering using, Jinko's products, including more than $5.4 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.
Signed into law by President Joe Biden at the end of 2021, the UFLPA requires U.S.-based purchasers to prove that goods imported from China's Xinjiang region were not manufactured with slave labor. From June to November 2022, more than 1,000 shipments of solar modules, valued at hundreds of millions of U.S. dollars, were stuck at U.S. ports as a result of the UFLPA, according to Reuters. Roth Capital Partners LLC (Newport Beach, California) says the approval of Jinko's products will have a "meaningfully positive effect" on the U.S. utility-scale solar sector.
NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida) accounts for more solar projects under construction with Jinko components than any other company. These include two solar farms in Pueblo, Colorado, both of which will be accompanied by battery energy-storage system (BESS) projects: The 250-megawatt (MW) Neptune plant and the 200-MW Thunder Wolf plant.
Both projects missed their end-of-year deadlines, according to Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis, Minnesota), which is Colorado's largest utility. Xcel, which is contracted to use the energy generated from Neptune and Thunder Wolf, expects the projects to be online this summer. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed project reports on Neptune and Thunder Wolf.
Iberdrola S.A. (Bilbao, Spain) trails only NextEra in its total related investment, including two projects nearing completion in Arlington, Oregon: a $307.8 million solar addition at the Montague Windfarm and the stand-alone $195 million Montague Solar Plant. Each will generate 162 MW from 858,000 Jinko PV panels. Subscribers can learn more from Industrial Info's detailed reports on the windfarm addition and stand-alone plant.
Texas leads all other states for solar projects under construction with Jinko components. These include two projects along the ever-busy Gulf Coast: Swift Current Energy's (Boston, Massachusetts) $250 million Tres Bahias Solar Plant in Point Comfort, which is designed to generate 195 MW from about 700,000 Jinko monocrystalline PV panels, and Enel Green Power North America's (Andover, Massachusetts) $240 million Mustang Creek PV Solar Plant in Ganado, which is expected to generate 152 MW from about 613,200 Jinko PV panels. Subscribers can learn more from Industrial Info's detailed reports on the Tres Bahias and Mustang projects.
California, which has the most stringent renewable-energy policies of any U.S. state, is home to two major projects under construction with Jinko PV panels: Global Infrastructure Partners's (New York, New York) $395 million Daggett Solar Phase II in Daggett, a 198-MW addition that will bring the facility's total output to about 354 MW, and NextEra's $305 million Resurgence Solar Station in Boron, which will generate 138 MW and feature a 115-MW BESS. The solar facilities are estimated to use 490,000 and 312,000 PV panels, respectively. Subscribers can read detailed reports on the Daggett II and Resurgence projects.
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.Signed into law by President Joe Biden at the end of 2021, the UFLPA requires U.S.-based purchasers to prove that goods imported from China's Xinjiang region were not manufactured with slave labor. From June to November 2022, more than 1,000 shipments of solar modules, valued at hundreds of millions of U.S. dollars, were stuck at U.S. ports as a result of the UFLPA, according to Reuters. Roth Capital Partners LLC (Newport Beach, California) says the approval of Jinko's products will have a "meaningfully positive effect" on the U.S. utility-scale solar sector.
NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida) accounts for more solar projects under construction with Jinko components than any other company. These include two solar farms in Pueblo, Colorado, both of which will be accompanied by battery energy-storage system (BESS) projects: The 250-megawatt (MW) Neptune plant and the 200-MW Thunder Wolf plant.
Both projects missed their end-of-year deadlines, according to Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis, Minnesota), which is Colorado's largest utility. Xcel, which is contracted to use the energy generated from Neptune and Thunder Wolf, expects the projects to be online this summer. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed project reports on Neptune and Thunder Wolf.
Iberdrola S.A. (Bilbao, Spain) trails only NextEra in its total related investment, including two projects nearing completion in Arlington, Oregon: a $307.8 million solar addition at the Montague Windfarm and the stand-alone $195 million Montague Solar Plant. Each will generate 162 MW from 858,000 Jinko PV panels. Subscribers can learn more from Industrial Info's detailed reports on the windfarm addition and stand-alone plant.
Texas leads all other states for solar projects under construction with Jinko components. These include two projects along the ever-busy Gulf Coast: Swift Current Energy's (Boston, Massachusetts) $250 million Tres Bahias Solar Plant in Point Comfort, which is designed to generate 195 MW from about 700,000 Jinko monocrystalline PV panels, and Enel Green Power North America's (Andover, Massachusetts) $240 million Mustang Creek PV Solar Plant in Ganado, which is expected to generate 152 MW from about 613,200 Jinko PV panels. Subscribers can learn more from Industrial Info's detailed reports on the Tres Bahias and Mustang projects.
California, which has the most stringent renewable-energy policies of any U.S. state, is home to two major projects under construction with Jinko PV panels: Global Infrastructure Partners's (New York, New York) $395 million Daggett Solar Phase II in Daggett, a 198-MW addition that will bring the facility's total output to about 354 MW, and NextEra's $305 million Resurgence Solar Station in Boron, which will generate 138 MW and feature a 115-MW BESS. The solar facilities are estimated to use 490,000 and 312,000 PV panels, respectively. Subscribers can read detailed reports on the Daggett II and Resurgence projects.
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).
