JinkoSolar to Expand Mono Wafer Production Capacity to 18 GW with Added 5 GW Capacity to Sichuan Production Facility
JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced it is expanding its high-efficiency mono wafer production capacity at its production facility in Leshan, Sichuan Province, with an additional 5GW.
JinkoSolar’s mono wafer production capacity is expected to expand to 18 GW once the phase Ⅱ of the capacity expansion is complete. Full production of the additional 5GW of production capacity is expected to begin during the second quarter of 2020.
The Phase I 5GW of the capacity expansion project began production in the second quarter of 2019 and has already reached full capacity. .
Mr. Kangping Chen, Chief Executive Officer of JinkoSolar, commented: “With this added capacity, we will be ideally positioned to benefit from the growth opportunities that strong demand for high-efficiency mono products are creating. Rapidly expanding capacity for mono products will enhance the overall integration of our production and significantly improve overall profitability going forward.”.
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