JinkoSolar, the top solar panel producer globally, will launch its largest N-type solar cell and module manufacturing plant in Saudi Arabia by early 2026. This facility, JinkoSolar’s fourth overseas unit, follows its plants in Malaysia, Vietnam, and the United States, aiming to boost local production and global export of advanced solar technology.
Qian Jing, Vice-President of JinkoSolar, praised Saudi Arabia’s favourable market conditions, including strong credit, ample financing, and supportive policies. The new plant, in partnership with Saudi Arabia’s Public Investment Fund, will produce N-type solar cells known for their high efficiency and stability. With a $1 billion investment, the facility will have an annual production capacity of 10 gigawatts, making it the largest overseas base for Chinese photovoltaic products.
JinkoSolar already holds a 70 per cent market share in Saudi Arabia. Chairman Li Xiande highlighted that this collaboration is a significant step in the company’s global expansion. Analyst Nicholas Lua from Rystad Energy noted that this project could boost domestic solar manufacturing in Saudi Arabia and utilise the region’s vast solar energy potential.
Qian mentioned that as China phases out low-end capacity, JinkoSolar expects its market share to rise to 20 per cent in 2024. JinkoSolar aims to become the world’s leading energy storage company within the next three to five years.
This new venture highlights JinkoSolar’s commitment to global growth and the strategic importance of the Middle East in renewable energy.
