Located in Yajiang County, Ganzi Prefecture, Sichuan Province, the 287.4 MW project will exclusively deploy Jinko’s Tiger Neo bifacial modules (72c). Geographical location, perfect weather conditions, coupled with a low-temperature coefficient and high bifacial ratio, can help fully release the potential of Tiger Neo's electrical performance. The Project suggests that JinkoSolar's high-efficiency N-type modules are gradually becoming the first choice for large-scale projects. On top of that, JinkoSolar has served as a benchmark for key technical indicators of TOPCon modules and will continue to play a leading role in the N-type era.
Despite all-time high bidding prices up to 2.06 RMB/watt (0.307 $/watt), “it is likely the lowest level for at least next 6-9 months.” Surprising to all market analysts and industry players, polysilicon price is still creating new historical high records. The downstream sector has clearly priced in the polysilicon supply uncertainty and has not given positive signs of a demand-supply balance recovery as most of us predicted at the beginning of this year. The latest polysilicon quotes arrive all-time high level of 270RMB/kg, and in our view, the price could be in the range of 280-290 RMB /kg in Q3 and Q4 which are traditionally busiest seasons.
Stemming from the second half-year of 2020 when both domestic and overseas demand for solar power increased exponentially, cell and module makers ramped up their production and found themselves competing for polysilicon capacity which will again towards the end of 2022. Compounded by downstream demand increase around the world as low-interest rates and affordability improved, and the recent COVID-19 lockdowns in many regions in China which is causing further strain on an already stretched upper-steam supply. Adding to the problems, suppliers of other key components including glass, EVA, and silver paste have also been adversely impacted by the zero-covid policy in recent months, creating further bottlenecks in the supply chain, because they are more labor-intensive, so activity is more easily affected by public health measures. It is expected that upper stream supply to remain tight for another 6-9 months, with supply chain constraints lasting well into 2023.
“Our high efficient n-type Tiger Neo panels have healthy order backlogs, the strongest pricing power seen in many markets and we are struggling to fulfill customer orders at low price level due to the chain effect caused by rising material cost,” said Dany Qian, VP of Jinkosolar.
