Prior to the market opening today, JinkoSolar Holding Co., Ltd. (NYSE: JKS) shares are experiencing notable upward movement on the US charts. As of the last check during pre-market session, JKS stock has risen by 4.59%, trading at $25.52. This surge is primarily driven by a significant certification milestone achieved by the company.
Table of Contents
Toggle- Landmark Certification Achievement
- Major Deployment In Germany
Landmark Certification Achievement
JinkoSolar (JKS) has said that their 2000-Volt EAGLE Modules are now the first in the world to hold both UL listing and UL classification. Collaboration with UL Solutions allowed for the achievement of this certification, highlighting the excellence and dependability of these innovative modules.
The 2000-Volt EAGLE Modules are set for selective deployment in the U.S. during the third quarter of 2024, with broader market availability expected in 2025. These advanced modules offer increased string lengths for utility-scale projects, which in turn reduce overall system-level component costs and enhance end-to-end efficiency by minimizing energy loss.
This advancement facilitates a more competitive levelized cost of energy, promising higher returns on investment for projects utilizing JinkoSolar's technology. This development marks the most significant progress in high voltage solar certification since the introduction of 1500-Volt modules eight years ago.
Given UL Solutions' reputation for product safety and certification, JinkoSolar's partnership with them for achieving this 2000-Volt milestone was a strategic decision. JinkoSolar's strengths lie not only in advanced research and development but also in scaling these technologies cost-effectively for U.S. customers.
Major Deployment In Germany
In recent developments, JinkoSolar has successfully delivered its Tiger Neo modules to the Witznitz Solar Park in Lobstädt, Germany. This solar power plant boasts a total module capacity of 650 MW, with JinkoSolar having supplied over 1.1 million Tiger Neo modules.
The project has attracted significant investment from German insurance group SIGNAL IDUNA, through its affiliate HANSAINVEST Real Assets GmbH, which has secured 605 MW. Furthermore, a 15-year Power Purchase Agreement (PPA) has been signed by Shell Energy Europe for the project.
Built by MOVE ON Energy a year ago, the plant is now run by them and is anticipated to produce 0.6 terawatt hours of power yearly. The Witznitz Solar Park represents the largest photovoltaic project in Germany to date and stands as one of the largest in Europe.