Chinese solar PV manufacturing giant JinkoSolar has continued its strong recent performance, announcing on Tuesday that it had already secured over 10.7 gigawatts (GW) in orders over the first third of the year.
In March, JinkoSolar announced its Fourth Quarter and Full Year 2018 Financial Results, revealing it had shipped 11.4 GW of solar in 2018 and that it was ramping up production to ship between 14 GW and 15 GW in 2019. On Tuesday, the company dismissed any fears it was overreaching with its 2019 plans by revealing it had already secured over 10.7 GW in orders for 2019, thanks to several large supply agreements in Vietnam, Mexico, Spain, and a number of other markets.
According to JinkoSolar, overseas orders with fixed terms and conditions account for the vast majority of the newly-secured orders. Meanwhile, Chinese orders are expected to pick up during the second half of 2019.
JinkoSolar’s order book is made up primarily of high-efficiency products like its flagship Cheetah series, its highest performing commercially mass-produced monofacial module, highlighting a larger global trend towards high-efficiency solar modules.
“Leveraging our large geographic footprint, we were able to rapidly benefit from the accelerating shift towards high-efficiency mono panels and secure over 10.7 GW orders for 2019 in record time,” said Gener Miao, Chief Marketing Officer of JinkoSolar. “With grid parity approaching, we find ourselves in a very strong position in an otherwise highly competitive industry. Our strategic foresight to expand into high efficient product markets at an early stage is paying off. Jinko will continue to support our customers and partners with over 15 GW capacity of industry-leading facility.”