JinkoSolar Holding Co., Ltd., a China-based solar PV leader, reported its unaudited financial results for Q3 2024, revealing solid growth. The company posted total revenues of RMB 24.51 billion (~$3.49 billion), a sequential increase of 1.9%. Gross profit surged by 44.0% to RMB 3.86 billion (~$549.4 million). According to JinkoSolar, quarterly shipments reached 25,910 MW, with 23,838 MW for solar modules and 2,072 MW for cells and wafers. As of Q3, JinkoSolar became the first module maker to surpass 280 GW in global solar module deliveries. n-type modules comprised approximately 90% of shipments globally during this period. For Q4 2024, JinkoSolar projects module shipments between 22.3 GW and 32.3 GW. The company expects year-end production capacities of 120 GW for mono wafers, 95 GW for solar cells, and 130 GW for modules.
N-type modules dominate JinkoSolar’s global shipments in Q3 2024
Module shipments in Q3 2024 reached 25,910 MW, with N-type modules comprising 90% of all shipments. (Image Source: SOLARbytes)
BayWa r.e.’s solar portfolio supports tax revenue and renewable energy growth in key US markets. (Image Source: Bawya-re)
LONGi’s 2025 contracts include 1 GW for Scatec and 1.25 GW for Masdar’s 4 GW solar project. (Image Source: Zawya)
Silfab’s Fort Mill facility expansion supports reshoring of US made solar products. (Image Source: Silfab Solar)
Allegations include bribing Indian officials to secure renewable energy projects worth $6 billion. (Image Credit/Source: Kelly/Pexels)