JinkoSolar recently announced it had shipped a very impressive 9,807 MW of solar panel capacity in 2017, a 47.3% increase on 2016 – and the company expects to better last year’s figure in 2018.
In its fourth quarter and full year 2017 financial results, the company reported total solar module shipments in Q4 came to 2,481 megawatts, an increase of 4.5% over Q3 and a jump of 43.1% from 1,733 MW in the final quarter of 2016.
However, the market didn’t quite share JinkoSolar’s enthusiasm regarding its results, instead punishing it due to a decrease in gross margin and gross profit reported.
JinkoSolar is also one of the companies impacted by the “Trump Solar Tax“. While it is among a number of large solar panel manufacturers seeking an exemption from what’s more formally known as the Solar Products Safeguard Measure, the company also intends manufacturing in the USA.
“While many of the details from the Section 201 petition have yet to be ironed out, we have finalized plans to invest in the construction of an advanced solar module manufacturing facility in the southeastern United States to address local market demand,” said the company’s CEO, Kangping Chen.
The U.S. situation aside, Mr. Chen continues to see a bright future for the company and solar in general, expecting demand to continue growing this year.
“This growth will mostly be driven by the emerging markets. With the cost of solar energy continuing to decrease and support for clean energy globally increasing, solar energy is becoming more and more competitive and are being applied more widely.”
Among the “emerging markets” mentioned by Mr. Chen that will be allocated more resources by JinkoSolar is Australia – although decribing Australia as such is a little odd given the country’s leadership position in residential rooftop solar, current large-scale solar blitz and Jinko’s well-established presence here.
JinkoSolar panels have generally been well received in Australia due to their combination of good reliability and competitive pricing. You can browse through hundreds of JinkoSolar panel reviews and ratings on SolarQuotes from Australians who have had the modules installed.
The company estimates total global solar module shipments for the first quarter of this year to be in the range of 1.8 GW to 2 GW. For the full year 2018, JinkoSolar estimates total solar panel shipments will be in the range of 11.5 GW and 12 GW.
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From meory, the Jinko panels with the Maxim Integrated Optimisation, had a problem with interference with radio and television reception, especially in areas with weak reception.
Has this problem been overcome, or is it still a problem (if I am right about it being Jinko panels that have the problem)?
Jinko has produced a second generation of these panels to solve the problem, so it should be fixed.