JinkoSolar Sees Dip in Global Shipments, but Hope in U.S.

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Written by Will Ploch, Assistant Editor-in-Chief for IIR News Intelligence (Sugar Land, Texas)

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Summary

While Jinko's global module shipments dropped sharply when compared to the same period last year, the company remains upbeat about its prospects amid an operational-efficiency push and renewed interest in its Florida panel-manufacturing plant.

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Module Shipments Take a Hit

JinkoSolar Holding Company Limited, a Chinese-based manufacturer of solar panels, is feeling the effects of steep U.S. tariffs following its first-quarter 2026 results, which showed a nearly 22% drop in module shipments from the same period last year. According to Industrial Info Resources data, JinkoSolar is attached to about $17 billion worth of active or proposed projects across the U.S., more than 65% of which is attributed to projects that Industrial Info Resources estimates have a medium-to-high likelihood (70% or more) of beginning construction as scheduled.

Jinko's module shipments for the first quarter of the year totaled 13,679 megawatts (MW), which was down 45.2% from fourth-quarter 2025 and 21.9% from first-quarter 2025. The resulting US$1.78 billion in revenues were an 11.5% drop from first-quarter 2025, though executives expect a renewed focus on operational efficiency will boost the company's overall profitability for 2026.

Despite the dimmer financial results, Jinko is party to more than $3.6 billion worth of projects under construction across the U.S., including one project set to finish construction this summer: AES Corporation's expansion of its Waiawa Solar Plant in Mililani, Hawaii. The 30-megawatt (MW) plant, which is accompanied by a 240-megawatt-hour (MWh) battery energy-storage system (BESS) unit, will utilize Jinko's Tiger Bifacial photovoltaic (PV) panels, each of which generates between 445 and 465 watts. It will nearly double the output at the Waiawa plant, the first phase of which completed construction in early 2023.

For more information, Industrial Info Resources Global Market Intelligence (GMI) Power Plant and Project databases offer details--including key components, investment values and necessary equipment--in a plant profile and project report.

The Waiawa expansion is in one of the most prosperous states for solar-power development. Industrial Info Resources is tracking more than $2.1 billion worth of active and proposed Power Industry projects across Hawaii, more than half of which is attributed to solar-generation projects. Readers can learn more from a detailed list of project reports.

Other projects featuring Jinko that are set to wrap up later this year include Avantus' Kitt Solar Plant in Eloy, Arizona, which is designed to generate 100 MW from Jinko PV panels. A 100-MWh BESS unit is included. Avantus, formerly known as 8minute Solar Energy, is majority-owned by global investment firm KKR. More information can be found in a detailed plant profile and project report.

By the Numbers

• About $17 billion: Total value of active or proposed projects across the U.S. featuring Jinko's services
• 22%: Jinko's drop in module shipments from the same period last year
• More than $1 billion: Total value of active or proposed solar projects across Hawaii

Finding Ways Around Tariffs

U.S.-based solar generation is facing a slew of challenges. The cost of PV panels has proven daunting for those trying to generate energy from the sun; while measures such as President Donald Trump's tariffs, enacted under Section 232 of the Trade Expansion Act of 1962, are intended to protect U.S.-based panel producers from ultra-cheap Chinese imports, many solar-generation companies have to import upstream components, according to PV-Tech.

While it is a Chinese-based company, JinkoSolar has its own panel and module plant in Jacksonville, Florida, which underwent a $52 million expansion last year that upped its total annual output to a full gigawatt. This allows Jinko to avoid Trump's tariffs, at least for product manufactured in Jacksonville; in fact, the facility appears to be undergoing further improvements, with Nextpower recently agreeing to supply steel frames for more than 1 GW worth of solar modules, scalable to 3 GW's worth over the next three years. Readers can learn more about the Jacksonville facility in a detailed plant profile.

Among the U.S.-based solar projects under construction and set to wrap up next year are two from AES Corporation, both of which will use Jinko panels. The 125-MW Somerset Solar Farm in Barker, New York, and the 100-MW Brookside Solar Farm in Burke, New York, both received support from the New York State Energy Research and Development Authority (NYSERDA) as part of a state-led effort to achieve 70% renewable energy by 2030. Readers can learn more from detailed reports on the Somerset and Brookside projects.

The Industrial Info Resources GMI Project and Plant databases offer a full list of detailed reports for projects mentioned in this article, and a full list of related plant profiles.

Industrial Info Resources also offers a full list of reports for active or proposed projects across the U.S. featuring Jinko's services.

Key Takeaways

• Jinko is party to more than $3.6 billion worth of projects under construction across the U.S.
• The company's facility in Florida helps it avoid some of Trump's tariffs.
• New York and Hawaii are among the states most aggressively pursuing solar generation

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About Industrial Info Resources
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) helps companies identify and pursue trends across multiple markets with access to real, qualified, and verified plant and project opportunities. Across the world, Industrial Info Resources is tracking over 250,000 current and future projects worth $30.2 trillion (USD).