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JinkoSolar's Advanced High-efficiency Solar Module Sets New Record with Highest Conversion Efficiency of 23.53%

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JinkoSolar (NYSE: JKS) announced a new record with its advanced solar module achieving a conversion efficiency of 23.53%, surpassing its previous record of 23.01% set in January 2021. This achievement was validated by TÜV Rheinland and results from JinkoSolar's innovative TOPCon cell technology, which enhances performance and aesthetics. The company's commitment to R&D underscores its goal to drive energy efficiency and reduce the levelized cost of energy (LCOE). Such advancements position JinkoSolar favorably in the competitive solar market.

Positive
  • New record conversion efficiency of 23.53% for solar modules.
  • Exceeds previous record of 23.01%, demonstrating technological advancement.
  • Validation by TÜV Rheinland enhances credibility.
  • Commitment to R&D suggests potential for further innovations and market leadership.
Negative
  • None.

SHANGRAO, China, July 12, 2021 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that, after recently setting a test record of 25.25% for large-area N-type monocrystalline silicon solar cells, the maximum solar conversion efficiency of its advanced high-efficiency solar module reached 23.53% and has outperformed the previous  record of 23.01%, also set by JinkoSolar, in January 2021. The result was independently tested and confirmed by TÜV Rheinland, one of the world's leading testing service provider on internationally recognized safety and quality standards.

The module's breakthrough performance was the result of adopting JinkoSolar's cutting-edge TOPCon cell technology fused with a new-type of welding and packaging technology. The module design not only reduces the internal resistance loss of the module, but improves power efficiency and module appearance. This latest breakthrough has benefited from the track record of JinkoSolar's R&D capabilities and industry-leading integrated technology, which will further contribute to the mass production of subsequent advanced products.

Dr. Hao Jin, Chief Technology Officer of JinkoSolar Co., Ltd., commented, "It is our long-standing commitment to provide customers with high-quality products that drives energy efficiency and reduces LCOE through technological innovation. Every new record achievement demonstrates our R&D capabilities and is great motivation for the invaluable work we do to upgrade industry standards. We are confident that the investments we have made in R&D will lead to more innovative products for higher efficiency and reliability, and leveraged on our extensive global sales network, our leadership will be further strengthened and has positioned us to promote technological progress and green transformation." 

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 22 GW for mono wafers, 11.5 GW for solar cells, and 31 GW for solar modules, as of March 31, 2021.

JinkoSolar has 9 productions facilities globally, 22 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Denmark, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina, as of March 31, 2021.

To find out more, please see: www.jinkosolar.com 

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com

Cision View original content:https://www.prnewswire.com/news-releases/jinkosolars-advanced-high-efficiency-solar-module-sets-new-record-with-highest-conversion-efficiency-of-23-53-301331382.html

SOURCE JinkoSolar Holding Co., Ltd.

FAQ

What is JinkoSolar's latest solar module efficiency record?

JinkoSolar's latest solar module efficiency record is 23.53%.

When did JinkoSolar set its previous solar module efficiency record?

JinkoSolar set its previous solar module efficiency record of 23.01% in January 2021.

Who validated JinkoSolar's solar module efficiency record?

The record was independently tested and validated by TÜV Rheinland.

What technology did JinkoSolar use to achieve the new efficiency record?

JinkoSolar used its advanced TOPCon cell technology to achieve the new efficiency record.

How does JinkoSolar's new module technology benefit its products?

The new module technology reduces internal resistance loss, improves power efficiency, and enhances module appearance.

JINKOSOLAR HOLDINGS CO

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