JinkoSolar Plans to Infuse RMB 315 Mn in High-Purity Polysilicon Production Line

Chinese solar module manufacturer JinkoSolar is planning to invest RMB 315 million in Inner Mongolia Xinte, a wholly-owned subsidiary of Xinte Energy, to increase stake in a high-purity polysilicon production line.

Through this investment the module maker, via its subsidiary ‘Shangrao JinkoSolar Industry Development Co Ltd’, will increase its capital in Inner Mongolia Xinte to 9 per cent.

The investment will be used for the construction of a high-purity polysilicon production line with an annual capacity of 100,000 tons.

Commenting on the investment plans, Kangping Chen, CEO of JinkoSolar, commented, “Xinte Energy is a leader in polysilicon technology and industrialized operations. We are very pleased to extend this close partnership with them, and remain fully confident about the accelerated growth of the PV industry over the next few years. We believe that this investment is not only a solid growth strategy, but will help to stabilize silicon material supply and reduce supply chain volatility. By cooperating with upstream specialized manufacturers, we will continue to strengthen the advantages of our integrated capacity and solidify the foundation for mass production of high-efficiency modules year-over-year. We will continuously work towards win-win situations through deeper cooperation with our supply chain partners, and jointly promote the development of the global solar market and accelerate the transformation of green energy.”