In the most recent version of the report PV ModuleTech Bankability Ratings, which gathered metrics from the first quarter of this year, the Jinko Solar received AAA rating status.
The study, which is released every three months, captures financial and manufacturing metrics from leading global PV module suppliers to prepare a reliability analysis of companies in the sector.
“To support its technology leadership status, Jinko continues to invest heavily in research and development, dedicating 10 billion RMB between 2020 and 2022 to areas including advanced cell and module technology and special processes,” highlighted the manufacturer.
“The company's new classification also highlights its position as a leader in TOPCon type N technology, which has been the catalyst for innovation and upgrades across the entire supply chain, from equipment to materials,” they added.
Since TOPCon N-type technology entered volume production in the first quarter of 2022, the company said it has delivered hundreds of projects around the world.
“Building on the successful Tiger Neo, Jinko has increased the product's mass production efficiency to 23% in 2023, with the equipment reaching 24% efficiency scheduled for 2024,” they emphasized.
Sending modules
According to its 2022 preliminary report, the Jinko Solar shipped 44,5 GW of modules, including the 10 GW N-type TOPCon called Tiger Neo, with a 104,77% increase in revenue and 158,21% in net profit year on year.
“In the first quarter of last year, we became the first solar company in the world to exceed 100 GW panel deliveries cumulatively and also the first to reach the 150 GW module shipment milestone in the second quarter of 2023,” concluded.
About the study
Initially, the PV ModuleTech Bankability Ratings It began to be released annually to the market in 2013. However, it was only in 2015 that the surveys began to be published quarterly.
Currently, it is a tool consumed, above all, by investors, developers and global asset owners of photovoltaic sites. The document also provides analyzes on other issues, such as manufacturers' profitability and technologies.
Comments (1)
Comments are moderated before publication.Comments should be respectful and contribute to a healthy debate. Offensive comments may be removed. The opinions expressed here are those of the authors and do not necessarily reflect the views of the author. Canal Solar.
How do I get the updated full ranking pyramid?