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Leading to the Ultra-High Performance Era:

Minimizing LCOE and Maximizing IRR with

Jinko Solar new Cheetah Series

PV Tech Webinar 4th Oct 2018, PM Dept. Jinko Solar EU

http://www.jinkosolar.com/

http://www.jinkosolar.com/

Facts and Figures

Countries where the modules are delivered 80+Sales Offices34Global

Factories6 Employees12,000

Capacity (‘17)

9.7 GWDelivered (Dec’17)

31 GW2

Spain

State Key Laboratory

R&D leadership

• >45 $M in 2017 R&D expenditures

• >300 full-time technical staff

• Dedicated wafer, cell and moduleR&D facilities

• Cooperation with global Research Institutes

• Filed 464 patents

3

First-Class Components

4

PV LCOE

•System Lifetime

• Reliability

• Durability• System Efficiency

• Insolation

• Shading / Soiling

• Low-light Performance

÷

SystemRevenue

Return

Lifetime Power Output (kWh)

SystemCost ($)

• Modules

• BoS

• Installation

• Financing

Initial Cost

Operating Cost

• O&M

• Interest

5

Levelized Cost of Energy (LCOE)

© DuPont 2018

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

PER

C (

20%

)

Shin

gle

(2

2%

)

Bif

acia

l (+

10%

)

+Tra

cker

(+2

0%

)

20

year

s

30

year

s

Module Efficiency(base 18%)

PV System Yield(1500kWh/kWp)

Panel Durability(25 years)

LCO

EV

aria

tio

n

6

LCOE Sensitivity

© DuPont 2018

Poly HC

280-285W

7

Broad Portfolio & Wp Range, 60-Cell Series

• Cost-effective and high-eff. tech.

• Multi-GW scale production

• Mature products with long track record

• Long-term established QA protocols

275 280 285 290 295 300 305 310

Std. Mono

280-290W

Bifacial

290-315W

Mono PERC

300-310W

270

Std. Poly

270-275W

315 320 325 330

Mono HC

290-295W

Mono PERC HC

310-320W

Cheetah Series

315-330W

POLL 1

Half-cell & Cheetah

Introducing Jinko Solar’s new Cheetah Series

As a leader, JINKO is well-known for

innovative and quality products. To

continuously meet customer demands and

lead market trend, Cheetah made its first

appearance in SNEC 2018 and raise

extensive attention.

Cheetah series will become mainstream

products in the near future and is

beneficial for customers to save system

cost with more power generation.

PV industry keeps high speed development on higher output and efficiency module with lower

cost especially the high standard from China top-runner projects and US key customers.

10

JinkoSolar Cheetah Series, 72-Cell Series

The New Cheetah

380W / 385W / 390W / 395W / 400W

(18.89% / 19.14% / 19.38% / 19.63% / 19.88%)

Cheetah Mono PERC Module

Efficiency

11

Cheetah: Introduction

Full-Cell Half-Cell

Industry leading

Large Cell technology

(158.75mmx158.75mm)

Avg. 7Wp power up

compared to

Cheetah full-cell

Lower thermal losses

Avg. 8Wp power up

compared to 156.75mm

Mono PERC

Lower BOS costs

12

H2-’18 H1-’19 H2-’19 H1-’20 H2-’20

Notes: Basic means with Standard Materials; W.E means White EVA

Cheetah PERC Mono 72-cell

13

370

375

380

385

390

395

400

405

410

415Power Roadmap (Wp)

Basic Main Power HC+LRF Main Power HC+LRF+W.E Main Power

Half-cell

Full-cell

Half Cell Technology

Electrical current ( i ) flowing

on busbar is halved

Resistive losses in a HC module

is ¼ of a full-sized cell

P loss = I2 * Rs

14

Outstanding Temperature Coefficient

25°C 80°C

PER

FOR

MA

NC

E (

%)

Mono PERC Cheetah HC Normal Mono

Module Temperature

- 0.37%/ ℃

- 0.39%/ ℃

• Solar panel output is reduced as temperature rises

• JinkoSolar’s modules outperform industry standard thanks to improved Temp. Coef.

• Cheetah HC brings more output under high temperature operating conditions

- 0.40%/ ℃

HC Technology advantages: Temp. Coef.

15

POLL 2

POLL 3

Same nameplate power:

280 Wp Mono-Si Module

Op. Temp.: 65 °C

Conventional -0.40% 235Wp

Half-cell -0.37% 240Wp

Difference > 2% rel.

Superior Power Generation

at Higher Temperatures

75%

80%

85%

90%

95%

100%

25 35 45 55 65 75

PO

WER

PER

CEN

TAG

E

OPERATION TEMPERATURE (⁰C)

Jinko Half-cell Full-cell

Up to 2.5% rel. diff.

HC Technology advantages: Temp. Coef.

18

Higher Power and Module Efficiency

Benefits of JinkoSolar Cheetah

* The capacity of a solar power system with 20 module (60 Cells)

Cheetah 330Wp

6.6kW 5.7kW

Mono 285Wp

6.1kW

Mono PERC 305Wp

• Higher module output power to maximize installed Wp

• Save PV array space for future system expansion19

Higher Power and Module Efficiency

Cheetah 330Wp

• Less modules, area and weight

• Avoid near-shading due obstacles (trees and chimneys)

20panels

Approx.34m2

Weight.380kg

22panels

Approx.36m2

Weight.418kgApprox.35m2

23panels

Approx.38m2

Weight.437kg

Mono PERC 305Wp Mono 285Wp

* Avoid shaded areas or difficult roof configurations with less modules using the Cheetah


20

Lower BOS, Lower LCOE and Higher IRR

*Example : North America - 100MW Project

With Cheetah HC 72p

Module Numbers Saving 6.2%Less Mounting & Labor

With Eagle Mono PERC 72p

Normal 375Wp Cheetah 390Wp Cheetah HC 400Wp

No. of Module 266,682 256,412 250,016

Plant Area 1,861,185 m2 1,828,804 m2 1,809,316 m2

Area Increment 0 -1.74% -2.79%

Length of Steel Structure 529.1 km 513.9 km 501.0 km

Steel Structure Increment 0 -2.88% -5.31%


21

Lower BOS, Lower LCOE and Higher IRR

PROJECT Pro.4 Pro.5 Pro.6

Project Capacity (MWp) Mono Perc Cheetah Cheetah HC

Module Power (Wp) 380 390 400

Power Warranty (year) 25 25 25

Temperature Coefficiency of Power (%) 0.39 0.39 0.37

First Year Degradation (%) 3 3 3

Annual Degradation (%) 0.7 0.7 0.7

ANALYSIS RESULTS

LCOE (US cent/kWh) 7.08 7.04 7.00

IRR 9.04% 9.21% 9.35%

Lifetime Energy Production (MWh) 3,406,497 3,406,674 3,402,602

Lower EPC cost and lower BOS cost bring lower LCOE and higher IRR

Project Location: Los Angeles, USA

Project Capacity: 100MW DC

Latitude: 34 Deg.

Longitude: -118 Deg.

Installation Type: Fixed


22

Quality and Reliability — PQP Test

23

• 4 times “DNV-GL Top Performer” in all tests• All Module Series tested:

Eagle Poly, Mono Standard and PERC• HC and Cheetah Series’ testing ongoing

Comparison: BOS Costs

Example: Spain, Sevilla - 42.5 MW Project - ground-mounted fixed racks - 1500V System

24

18.0 €

18.2 €

18.4 €

18.6 €

18.8 €

19.0 €

19.2 €

19.4 €

19.6 €

19.8 €

20.0 €

350 355 390 390 335 340

MONO MONO HC CHEETAH CHEETAH HC POLY POLY HC

Mill

ion

s

Comparison: Lifetime Energy Yield (GWh)

25

1,865

1,870

1,875

1,880

1,885

1,890

1,895

1,900

1,905

350 355 390 390 335 340


GW

h


Comparison: Levelized Cost of Electricity (€c/kWh)

26

4.00 €

4.02 €

4.04 €

4.06 €

4.08 €

4.10 €

4.12 €

4.14 €

4.16 €

4.18 €

350 355 390 390 335 340


€c/

kWh


Summary

27

• Large-Cell is the new trend for PV technology for

both Half-Cell and traditional modules

• Cheetah Modules allow for lowest LCOE and

highest ROI among single-face PV technology

• HC modules currently present the most

advantageous cost-benefits balance

• Up to 2 higher power bins compared to the

standard technology and improved Temp. Coef.

More information can be found on our Website

www.jinkosolar.eu 28

http://www.jinkosolar.eu/



29

Andrea Viaro

Head of Tech. Service & Product Mgmt. Europe

Email: [email protected]

Mob. +41.795598898

Web: www.jinkosolar.eu

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