Overview of Jinko – Company History
Jinko Solar is a Chinese company that was founded in 2006 originally producing silicon wafers. The company now has an annual production capacity of 17.5 GW of monocrystalline silicon wafers, 10.6 GW of solar cells and 16 GW of Solar Panels as reported on their website in March 2020. Jinko has five manufacturing facilities in China, one in Malaysia and one in Florida, USA.
Since listing on the New York Stock Exchange in 2010 the stock price has seen some volatility and is currently trading just over US$21 as at September 2020. Jinko currently has over 15,000 employees across over 30 countries.
|Jinko Solar Panels|
|Bloomberg Tier 1 Ranking||Yes|
|PV Evolution Labs Top Performer||Yes (3/4)|
|Office location in Australia||Yes|
What is a Bloomberg Tier 1 Solar Panel?
Bloomberg’s infamous tier 1 ranking is NOT a measure of Solar Panel quality in any way. It is simply an indication of the bankability of the manufacturer based on publicly released information on the financial health of the company. This should give you an idea if the company is a large, well-known manufacturer. Jinko Solar Panels are in the Bloomberg Tier 1.
What is PV Evolution Labs Top Performer?
PV Evolution Labs with support from DNV GL independently test solar panel reliability. The tests are voluntary, with solar panel manufacturers paying to participate in the testing. This testing process is internationally renowned and is an accurate reflection of the solar panel’s performance.
Jinko Solar Panels are currently ranked in the PV Evolution Labs Top Performers across 3 of the 4 annual tests and have been since 2014.
Why is office location in Australia Important?
Most solar panel manufacturers entering the Australian market first set up their distribution channels and worry about customer service later. This has led to many unhappy customers who are left trying to contact Chinese head offices to claim on their 10-year product warranty.
Relying on your solar installer is not always an option as we’ve seen many residential solar installers (including the large ones) go out of business well within the lifetime of the systems they are installing. Jinko currently has offices located in Sydney, Melbourne, Brisbane, Adelaide and Perth.
How much do Jinko Solar Panels cost?
Based on Solar Choice’s database we have provided the below-average costs as an indicative guide. These prices include:
- Full turnkey Solar System with Jinko Solar Panels
- Installation from a pre-vetted reputable installer from Solar Choice’s network
- The STC rebate and GST
|System Size||Average Fully Installed Cost|
Important Note: Prices will vary depending on location, inverter brand and which installer is used
Compare quotes from up to 7 installers in your area now.
Jinko Solar Panel Technologies
All the panels they currently sell in Australia are salt mist corrosion resistant and suitable for installation in any location.
Currently, in Australia Jinko offers three series of panels being the Swan, Eagle and Cheetah. At the time of updating this page (Sep 2020), they can produce panels with efficiencies of up to 19.8% (Cheetah HC 72 V). They all have a 10-year product warranty that covers the panels if they fail due to a fault in manufacturing.
The Swan Bifacial Series includes 5 busbar solar cell adopts new technology to improve the efficiency of modules, offers a better aesthetic appearance, making it perfect for rooftop installation
It has an excellent Anti-PID performance guarantee limited power degradation for mass production and designed for high voltage systems of up to 1500 VDC, saving BOS cost.
The 0.55% annual power degradation 30 year linear power warranty and light-weight design for easy installation and low BOS cost.
The module power increases 5-25% generally (per different reflective condition) lower LCOE and higher IRR also means excellent performance in low-light environments (e.g. early morning, dusk, and cloud, etc.)
The Cheetah Series includes 5 busbar solar cell adopts new technology to improve the efficiency of modules, offers a better aesthetic appearance, making it perfect for rooftop installation.
They are UL and IEC 1500V certified; lowers BOS costs and yields better LCOE with a higher module conversion efficiency (up to 20.74%). Their excellent Anti-PID performance guarantee limited power degradation for mass production and advanced glass and cell surface textured design ensure excellent performance
in low-light environment.
This Solar Panel comes with a 30 year performance warranty with degradation at 1% in the first year and 0.4% annually until year 30, and a product warranty of 15 years.
The Eagle Series is the most affordable panel in Jinko’s Australian solar panel range.
The Eagle Plus module conversion efficiency (up to 18.57%) is boosted by PERC technology (developed initially at UNSW) andwith limited power degradation caused by PID effect is guaranteed under extremely strict testing condition (85℃/85%RH, 192 hours) for mass production.
The advanced glass and solar cell surface texturing allow for excellent performance in low-light environments and has high salt mist and ammonia resistance certified by TUV NORD.
Comparison of Jinko Solar Panel Specifications (common modules)
|Jinko Cheetah HC 350 W JKM350N-60H-MBB||Jinko Eagle HC 295W JKM295PP-60H|
|Cell Number||120 half-cut cells||120 half-cut cells|
|Cell Type||N-Type Monocrystalline Cells||Polycrystalline|
|Max Power Voltage||34.52V||33.1V|
|Annual Power Degradation||0.4%||0.7%|
|Dimensions||1684 x 1002 x 35 mm|
|1666 x 992 x 35 mm|
|Warranty||15 Years||10 Years|
|Operational Temperature Range||-40°C to 85°C|
|-40°C to 85°C|
So, should I buy Jinko Solar Panels?
From Solar Choice’s perspective Jinko Solar Panels strike a good balance between a trustworthy and reputable brand and affordability. While not being the most premium panel out there in the market, Jinko Solar panels do have a proven track record on residential and commercial projects in Australia for over 10 years.
Example of a Jinko Commercial Solar Project
- Date: Q1, 2016
- Jinko Model: Solar Eagle Series
- Type of Application: Supplier
- System Size: 1.8 MW
In March 2016, a 1.8 MW solar system was commissioned at Voyages Ayers Rock Resort. Jinko Solar supplied 1.6MW EAGLE PID free modules to this project with the balance of the project supplied by another module provider. The project includes both roof and a ground mount systems, which ensures that energy is produced close to where it is needed.
Jinko Solar Eagle series PID free modules were attractive to Voyages due to their quality, the strong track record of Jinko Solar delivering globally on large scale solar projects, and Jinko’s competitive price points.
Voyages Indigenous Tourism Australia (“Voyages”) selected Epuron to design, build and own the project through Yulara Solar. Energy is supplied to Voyages under an operational lease model, which more effectively shares the long-term risks and opportunities of running solar PV systems in remote areas. This project is the first utility scale plant to be proposed and completed by an Indigenous Land Council.
The system is expected to offset a minimum of 2733 tonnes CO2 per year. Its largest array is the ground-mounted 1 MW area in the Desert Gardens.