Jinko Solar, a Shanghai-based solar development company, has received the highest ‘AAA’ category in the Q1 release of PV-Techj’s Module Tech Bankability Report. The firm said it was the recognition of the industry-leading metrics across manufacturing and its technology leadership.
According to its preliminary report for 2022, the company shipped 44.5GW of solar panels, including 10GW of its Tiger Neo N-type TOPCon product, representing an increase of 104.77% in revenue and 158.21% in net profit year on year. In addition, in the first quarter of 2022, the company became the world’s first to exceed 100GW in cumulative shipments and the first to reach the 150GW shipment milestone in the second quarter of 2023.
The firm said that it invests heavily in research and development. It said it dedicated 10 billion RBM between 20220 and 2022 in critical areas, including advanced cell and module technology and specialty processes.
“The company’s new ranking also highlights its position as a leader in N-type TOPCon technology, which has been the catalyst for innovation and upgrade throughout the whole supply chain, from equipment to materials. This has resulted in fundamental changes to the technological advancement of the PV industry as a whole, with JinkoSolar’s leadership, manufacturing excellence and open eco-system platform enabling the world’s most advanced, cutting-edge technology to become commercially available for the first time,” the company said in a statement.
Since its N-type TOPCon technology entered volume production in Q1 2022, the company has delivered hundreds of global projects, enabling them to deliver more power and return on investment than had hitherto been possible. In addition, building on the successful Tiger Neo’s 22% platform for module efficiency, JinkoSolar has enhanced the product’s mass production efficiency to 23% in 2023, with a product reaching an efficiency of 24% scheduled for 2024.