JinkoSolar today announced it will make strategic shift in overseas downstream solar project business in order to improve revenue and profit.
JinkoSolar will cease developing new overseas downstream solar projects starting in the third quarter of 2017 in line with the company’s focuses shifting towards its core competencies in manufacturing.
JinkoSolar will continue to develop, construct and connect to the grid its existing overseas downstream solar projects. JinkoSolar will also reduce dependence on OEMs to improve profitability of the company.
JinkoSolar estimates total solar module shipments will be in the range of 2.1 GW to 2.3 GW for the third quarter of 2017.
JinkoSolar estimates total solar module shipments will be in the range of 8.5 GW and 9.0 GW for the full year 2017.
JinkoSolar said it has built a vertically integrated solar product value chain, with an integrated annual capacity of 6.0 GW for silicon ingots and wafers, 4.5 GW for solar cells, and 7.5 GW for solar modules, as of June 30, 2017.
JinkoSolar has 15,000 employees across its 8 productions facilities in China (5), Malaysia, Portugal and South Africa.