Daniel Slotta
Research expert covering Greater China
JinkoSolar - statistics & facts
From Shangrao's industrial parks to solar fields across continents, JinkoSolar represents China's ambitious blueprint for global renewable energy dominance. For many years, the Chinese government has clearly stated their goals for clean energy, which include fostering domestic companies to become international powerhouses.,Jinkosolar, founded in a mid-level city bordering Shanghai in 2010, was established in the right place at the right time. Within four years, the company went public on the New York Stock Exchange, and since then, it has become one of the world's leading photovoltaic manufacturers.
A special global solar supplier
JinkoSolar stands out in the global solar industry because it is one of the few companies that has a vertically integrated value chain. The company’s business scope includes the manufacturing of precursor products, such as silicon ingots, silicon wafers, and solar cells, but also the final product of monocrystalline and polycrystalline photovoltaic modules. This business strategy gives the company control over cost and quality along the entire manufacturing process. With a production volume of 83 gigawatts per year, it is not only the leading photovoltaic manufacturer in China but also in the world.Chinese photovoltaic leadership
The Chinese solar industry is one of the cornerstones of the global renewable energy sector. After years of supportive economic policies, Chinese companies have been able to construct massive manufacturing capacities and out price overseas competition. While the policies and related subsidies certainly gave Chinese firms an edge, these supportive measures were also necessary to supply the domestic market. The Chinese government has set ambitious targets for the construction of renewable energy sources. According to the “dual-carbon” targets, the country aims at achieving peak carbon by 2060. In the process, the Chinese solar industry has become a global market leader.A national darling with staying power
Looking at the long-term trends in the global energy industry and the key positions that Chinese companies take on, it is safe to assume that JinkoSolar will continue to play a significant role. The global decarbonization of energy around the world is an ongoing project, and the realization of China’s domestic climate goal will continue to create demand for photovoltaic equipment. With JinkoSolar having the manufacturing capacities and control over the supply chain, the enterprise has the chance to capitalize on its global market position.
