{"id":85786,"date":"2024-08-01T00:00:00","date_gmt":"2024-08-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/08\/01\/jinkosolars-usd-1-bn-saudi-solar-cell-factory-will-go-live-in-2026\/"},"modified":"2024-08-01T00:00:00","modified_gmt":"2024-08-01T00:00:00","slug":"jinkosolars-usd-1-bn-saudi-solar-cell-factory-will-go-live-in-2026","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/08\/01\/jinkosolars-usd-1-bn-saudi-solar-cell-factory-will-go-live-in-2026\/","title":{"rendered":"JinkoSolar\u2019s USD 1 bn Saudi solar cell factory will go live in 2026"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have updates on JinkoSolar\u2019s Saudi factory: <\/strong>Chinese solar module manufacturer JinkoSolar expects its solar component manufacturing plant in Saudi \u2014 slated to be the world\u2019s largest N-type solar cell manufacturing facility \u2014 to go live in early 2026, VP Qian Jing told China state-owned news service <a target=\"_blank\" href=\"https:\/\/www.ecns.cn\/business\/2024-07-31\/detail-iheeumea4568825.shtml\" style=\"\" rel=\"noopener\">ECNS<\/a>. The facility will carry an investment ticket of USD 1 bn and produce 10 GW worth of solar cells and modules annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">What we know: <\/strong><span style=\"background-color: transparent;\">The project is part of a joint venture <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f0fb909b-eb24-47ae-8b87-dbea141b0c0c\" rel=\"noopener\">signed last month<\/a><span style=\"background-color: transparent;\"> between JinkoSolar, Saudi Arabia\u2019s Public Investment Fund\u2019s wholly-owned subsidiary Renewable Energy Localization Company (Relc) along with Riyadh-based and privately owned renewable energy firm Vision Industries. Relc and JinkoSolar will hold a 40% stake each, with Vision owning 20%. It will be funded through a combination of its internal funds and loans, JinkoSolar said in a <\/span><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/64.pdf\" rel=\"noopener\">press release (pdf)<\/a><span style=\"background-color: transparent;\"> last month.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What are N-Type cells?<\/strong> <a target=\"_blank\" href=\"https:\/\/www.trinasolar.com\/us\/resources\/blog\/whats-n-type-solar-technology\" style=\"\" rel=\"noopener\">N-type solar cells<\/a> use phosphorus mixed with silicon in the manufacturing process rather than boron, which is used in standard P-type solar panels. This causes the panel to be negatively charged as it has one more electron than silicon. Phosphorus has been shown to be more efficient than boron as it is less prone to degradation from light or losing its purity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Already active in Saudi: <\/strong>JinkoSolar was awarded a contract <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cb61db84-4fdd-4497-b380-b0131db6ef41\" style=\"\" rel=\"noopener\">last month<\/a> to supply 1 GW of solar modules for the solar energy plants powering Saudi Arabia\u2019s giant Neom Green Hydrogen Project currently under construction. It will provide its Tiger Neo 'N-Type TOPCon modules, which has a first year degradation rate that is less than 1% and linear degradation of 0.4%, according to its <a target=\"_blank\" href=\"https:\/\/jinkosolar.eu\/products\/tiger-neo\/\" style=\"\" rel=\"noopener\">website<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Chinese company currently holds a 70% stake in the Saudi market<\/strong>, Qian told ECNS. Its ventures include a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8f0807ba-01ab-4a32-94f8-c0c08fbeacaa\" style=\"\" rel=\"noopener\">25-year power purchase agreement<\/a> with the Saudi Power Procurement Company (SPCC) last September to develop the 1.5 GW Tabarjal PV plant. It was also among the qualified bidders for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3118a34b-09c8-4191-b220-0c1210649f93\" style=\"\" rel=\"noopener\">SPPC\u2019s 3.7 GW worth of renewable energy<\/a> projects in February. It also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e987a624-8db3-4c6b-bfd6-bbe62eddd6f8\" style=\"\" rel=\"noopener\">secured a USD 315 mn build-own-operate contract<\/a> for a 400 MW solar energy plant in KSA\u2019s northern Al Jouf province last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jinko is also eyeing other regional markets:<\/strong> The company is among the prequalified bidders to develop Oman's <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/befc63e0-6f83-49b1-98ae-ba317e5bb098\" style=\"\" rel=\"noopener\">500 MW Ibri III Solar IPP<\/a>. Jinko previously partnered with Singapore\u2019s Sembcorp Utilities to develop the Manah 2 solar plant in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3aad63f3-6a3c-472b-950e-1d350da25403\" style=\"\" rel=\"noopener\">March last year<\/a>, and worked with Masdar, Abu Dhabi National Energy Company (Taqa), France's EDF Renewables, and Emirates Water and Electricity Company to develop the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/66d56efc-43f3-4761-97d0-72329c6d0269\" style=\"\" rel=\"noopener\">2 GW Al Dhafra Solar IPP<\/a> last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The facility will produce 10 GW worth of solar cells and modules annually<\/p>\n","protected":false},"author":1,"featured_media":85787,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[171],"tags":[11,159,94,42],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-enterpriseclimate","tag-saudi-arabia","tag-solar","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"d81a620e-67bd-43c8-ad08-e332e6c58077","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/63.jpg","photo_position":"above","homepage_title":"","full_issue_title":"JinkoSolar\u2019s USD 1 bn Saudi solar cell factory will go live in 2026","related_issue":[85776],"teaser":"The facility will produce 10 GW worth of solar cells and modules annually","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.78bb690e-62a3-4a03-be01-96feeb6cfdd4.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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