Chinese module maker JinkoSolar has made an announcement in its financial statement for the first quarter of the year, promising perovskite cell technology platform that will deliver efficiencies close to 30%.
'JinkoSolar's long-term commitment to R&D has enabled it to continue to launch industry leading products. We have also completed the construction of a high-efficiency laminated perovskite cell technology platform that is expected to reach a breakthrough cell conversion efficiency of over 30% within the year', says Company representative.
JinkoSolar also stated it shipped 5.35 GW of PV products in the period from January to March and that its revenue and profits declined by 6.4% and 21.7% year-on-year, respectively.
'During the first quarter, the imbalance between polysilicon supply and strong downstream demand as well as many other factors continued to increase module prices on top of many factors, but we believe the impact on downstream customers is temporary,' JinkoSolar CEO Xiande Li stated. 'The lower demand has kept the prices from rising; as the prices of polysilicon stabilize, downstream demand is expected to resume in the second half of the year, with the present polysilicon supply chain sufficient to support 160 GW of installations this year and 210 GW of installations in 2022.'
The manufacturer was able to increase total shipments 33.7% year-on-year to 5.35 GW and expects its annual wafer, cell and module production capacity to reach 30 GW, 24 GW and 33 GW, respectively, by the end of this year.
For the second quarter of the fiscal year, the company expects to ship between 5.1 GW to 5.3 GW of PV products, while for full-year the shipment outlook is between 25 GW and 30 GW. 'We are well positioned to navigate through supply chain volatility and continue to manage market risks by fine-tuning our operations and shipment deliveries in 2021,' it explained.