JinkoSolar, one of the world’s largest solar panel manufacturers, has converted its entire Malaysian factory’s electricity consumption to renewable sources.
JinkoSolar joined the RE100 project in September 2019, a global initiative that brings together significant firms committed to 100% renewable electricity. Jinko’s RE100 goal calls for all of its operations to be powered entirely by renewable energy by 2025.
The majority of the company’s manufacturing is done in China, and it also has factories in Malaysia, Vietnam, and the United States.
The business announced on Wednesday that all of the electricity utilized at its Malaysian factory is now “green.” The Penang factory, which has been in operation since 2015, was the company’s first cell production site outside of China. Beginning with a relatively modest annual manufacturing capacity of 500 MW for solar cells and 450 MW for panels, its production capacity has now increased to 7 GW of solar cells and 7 GW of solar panels per year.
Jinko stated that it has achieved 100% renewable electricity for the factory using an on-site rooftop solar power installation and signing power purchase agreements (PPAs) with solar and power generators.
The PPA portion covers roughly 300 GWh each year. According to the firm, it is now the largest corporate customer of solar renewable energy in Southeast Asia.
The company anticipates its annual mono wafer, solar cell, and solar panel production capacity to reach 50 GW, 40 GW, and 60 GW, respectively, by the end of 2022. Capacity for mono wafers was 40 GW as of the end of March this year, 40 GW for solar cells, and 50 GW for solar modules.
Dany Qian, Vice President of JinkoSolar stated that the milestone of switching to 100% renewables advances Jinko’s objective of running entirely on clean energy by 2025.