Chinese equipment provider Jinchen Machinery and Adani Solar have entered into an agreement under which the former will provide the latter with an automated production line for high-efficiency PV modules. The annual production capacity of the production line is set at 2.5GW. Adani Solar is a subsidiary of Indian multinational Adani Group. This news was first reported by other renewable news outlets in early June.
Jinchen has been collaborating with Adani since 2015. The latest equipment contract follows the one signed between them last year. As of now, Jinchen has provided Adani with module production equipment that totals more than 4GW in annual production capacity.
Commenting on the latest deal, Jinchen stated that it is proud to have captured numerous large equipment orders from the major manufacturers and project developers. Going forward, the company will continue to make concrete contributions to the growth of the global renewable energy market. The latest deal with Adani also demonstrates that Jinchen is a global leader in manufacturing solutions for PV products. The power of its technology, the comprehensiveness of its overseas sales services, the high quality of its products, and the scope of its capability with respect to undertaking huge international projects are some of the factors that enable the company to win trust and recognition from customers.
Adani is one of the world’s largest developers of PV projects. It aims to reach 45GW of installed renewable generation capacity by 2030 and will be investing around US$20 billion in project development over the next decade. Currently, Adani is among the top five Indian module suppliers, which together account for more than 50% market share in their home country.
Jinchen regards India as one of its major overseas markets and has established a dedicated service center in the country. The company is also posting representatives in other countries. By providing localized services, Jinchen ensures that its solutions will be delivered to its overseas customers as per schedule, and that the related projects will be completed at the highest quality. In the future, Jinchen will continue to partner with the world’s leading manufacturers for PV products and pursue in-depth participation of the global sustainable development movement.