Having supplied 165GW worth of solar panels as of H1 2023, Jinko Solar holds a significant stake in an industry that it wants to see go further. Its vice president, Dany Qian, emphasises the need for collaboration to achieve decarbonisation goals.
Environmental Finance: Would you like to see more solar manufacturers and green energy producers prioritise the reduction of their greenhouse gas emissions?
Dany Qian: Absolutely, we strongly advocate for more solar manufacturers and green energy producers to prioritise the reduction of their greenhouse gas emissions. At Jinko Solar, we believe that our position as the world's leading photovoltaic manufacturer and our role as pioneers in joining the RE100 initiative comes with a responsibility to lead by example.
Jinko Solar is undoubtedly a leader in this field. By the first half of 2023, Jinko has secured the top position in worldwide module shipments, boasting an impressive record of over 165GW. This accomplishment underscores the fact that approximately one in every ten solar panels installed worldwide can be traced back to our company.
Our commitment to emissions reductions goes beyond our immediate industry. We aim to inspire collaboration across various sectors, promoting a global mindset that unites us as a single global village. Our goal is to pave the way for a cleaner, greener future across industries on a global scale.
We see our efforts as aligned with the objectives outlined in the Paris Agreement. Through meaningful cross-industry collaboration, we are dedicated to collectively achieving the global goals set forth in the agreement. Our hope is that our initiatives not only propel us forward as leaders in this domain but also inspire others to prioritise emissions reductions and embrace sustainable practices.
EF: How does being part of RE100 benefit you?
DQ: As the world's largest solar module manufacturer, 'net-zero emissions' have become ingrained in Jinko Solar's essence. Precisely because of this, we firmly believe in setting an example through our actions. Joining the RE100 initiative and becoming a company 100% powered by renewable energy showcases our commitment not only to the solar sector but also establishes us as a role model for energy efficiency and emission reductions on a global scale.
We have reaped numerous benefits from joining RE100, both internally and externally. Internally, it has provided us with a clearer roadmap for emissions reduction. We have strategically planned energy-saving methods that are economically viable, thus enhancing our energy management practices and lowering our carbon footprint.
Externally, we have gained better insights into the ongoing research and trends in global green energy. This positions us to stay attuned to industry developments and maintain a competitive edge.
Our participation in the RE100 initiative has not only provided us with a framework for effective energy management but has also offered a competitive advantage in the external market by aligning us with evolving industry trends.
EF: What role does Jinko see itself playing globally over the next five to ten years to combat climate change as countries, businesses, and individuals increasingly turn to green energy?
DQ: According to IEA data, solar energy's contribution to the global energy mix is set to surge from 3% in 2022 to 34% by 2050, with annual capacity additions increasing from 50% in 2022 to 80% by 2030.
Jinko Solar embraces a mission of 'changing the energy portfolio and taking responsibility for enabling a sustainable future'. By championing solar and energy storage solutions, we reduce reliance on conventional grids and help users take their first steps toward lower carbon emissions.
Our vision is clear: 'to provide a one-stop solution for clean energy and become an industry leader'. This involves accelerated R&D investments and active engagement in global renewable energy organisations. Jinko Solar's N-type TOPCon cells have achieved a conversion efficiency of 26.4%. With a robust research and development team of 2,000 experts and an investment of RMB5.6 billion ($770 million) in 2022, our commitment to technological innovation is unwavering. With these efforts, we drive the transition to sustainable energy and shape a greener future for all.
EF: What will Jinko's commitment to joining the Science Based Targets initiative (SBTi) achieve?
DQ: Our commitment to joining the SBTi extends beyond internal measures. While RE100 showcases our rigorous self-regulation, SBTi signifies a broader responsibility that encompasses our entire supply chain. As a prominent player in the solar industry, Jinko Solar recognises the need to play a more significant role in addressing climate challenges.
Our journey with SBTi commenced in late 2021 when we committed to set ambitious emission reduction targets, expanding our dedication to sustainability beyond the confines of our organisation. Currently, we're on track and expecting our roadmap to be verified by SBTi by the end of 2023, while we've already undertaken the initial internal planning for emission reduction targets, which is in line with the long-term goal of the Paris Agreement 'to limit the temperature increase to 1.5°C above pre-industrial levels'.
Our emission reduction targets, closely aligned with scientific recommendations, position Jinko Solar not just as a leader but as an advocate for sustainability throughout our supply chain. Our commitment to achieving net-zero emissions across the value chain by 2050 reinforces our determination to contribute effectively to a sustainable future.
For more information, see: https://www.jinkosolar.com/en/