EN 
PT_BR 
Jiangxi Jinko, the main operating subsidiary of Jinko Solar, has entered into an investment agreement with the Guangxin District Government for the production of high-power panels and aluminum structure design.
According to the manufacturer, the total investment was estimated at approximately CNY 10.8 billion (around USD 1.5 billion)*. Currently, the JinkoSolar owns approximately 58.62% equity stake in Jiangxi Jinko.
Under the agreement, Jiangxi Jinko will manufacture 24 GW of high-power panels and about 100,000 tons of aluminum frames for photovoltaic modules in Shangrao City, Jiangxi Province.
The project consists of three phases. In the first phase, Jinko plans to produce 8 GW of high-efficiency modules. The project is estimated to be operational on December 15th of this year and fully operational on June 15th, 2023.
In the second phase, the manufacturer plans to produce 8 GW of high-efficiency modules. Production should begin in the fourth quarter of 2023. In the third phase, Jinko plans to manufacture 8 GW of panels and 100 thousand tons of aluminum frames for photovoltaic modules. Production is expected to begin in the third quarter of 2025.
The detailed project plan and schedule are subject to further negotiations between Jiangxi Jinko and the Guangxin District Government. According to the agreement, Jiangxi Jinko will develop the project in the designated area and enjoy certain preferential policies provided by the Guangxin District Government.
“We are very pleased to receive the strong support from the Guangxin District Government for this major project. Supported by local policies and industrial supply chain in Shangrao City, this project will help the company realize the full potential of its in-house integrated production capacity and ensure the production and delivery of high-efficiency products in the next few years,” commented Kangping Chen, CEO of Jiangxi Jinko.
“As we continue to optimize our supply chain to deliver greater value to our end customers, our growing infrastructure and resources solidify our commitment to excellent customer service and industry leadership with reliable, quality modules,” concluded.
* Quote on March 22, 2022: 1 Renminbi/CNY (795) = 0.1570623 United States Dollar/USD (220). Source: Brazilian central bank
