JinkoSolar Issues Warning on Rising Polysilicon Prices

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  • JinkoSolar said polysilicon prices hit CNY 261/kg on May 11, up 2.23% from April 27.

“This price increase has to filter through the supply chain. Module manufacturers will be forced to sell at higher prices to cover the higher bill-of-materials cost. This will eventually get passed on to the end customer,” it said. “As the logistic bottleneck deepens, other raw material prices including glass rose sharply. It is expected that a domino effect will be seen in module prices and will continue for a while. As a result, the average module prices will inevitably increase by 1.58% as compared to half a month ago,” the company said in a statement release.

Other Jinko news….

JinkoSolar recently presented a new battery for residential applications at the Smarter E event in Munich, Germany, this week. Dubbed JKS-BXXX37-CS, the storage system is a floor-standing outdoor solution that can also be used in off-grid and hybrid setups. The lithium iron phosphate battery is sold with a storage capacity ranging between 7.1 kWh and 21.31 kWh, a voltage of 192 V to 576 V, and a nominal capacity of 37 Ah.

Link to the list of JinkoSolar distributors in Africa HERE 

Author: Bryan Groenendaal


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