What you should know about JinkoSolar, which makes solar panels in Jacksonville

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Opened in 2018, JinkoSolar’s factory in Jacksonville is the first in the United States for the solar panel company based in China. At the Westside plant, the company produces black solar panels used by homeowners as well as silver ones used by businesses across the country and other parts of North America.

Here are seven things to know about the company.

Is JinkoSolar a good company?

JinkoSolar describes itself as “one of the largest and most innovative solar module manufacturers in the world,” distributing its solar products to customers in more than 20 countries, including the United States. The company reported total revenues of $3.4 billion (U.S.) in the first quarter of 2023, up 58% from a year ago, and gross profit of $588.4 million (U.S.), up 81.5% from a year ago, according to an April 28 press release.

Are JinkoSolar panels made in the USA?

In addition to China, Malaysia and Vietnam, JinkoSolar makes solar panels in Jacksonville, Florida, its first manufacturing facility in the United States. Described by JinkoSolar as “one of the world’s most advanced, fully automated module assembly facilities,” the plant in Jacksonville opened in 2018. It produces 1.2 million solar panels annually, the company says.

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Is JinkoSolar a Chinese company?

JinkoSolar Holding Co. is based in China. Jinko Solar (U.S.) Industries Inc., a foreign profit corporation, operates the manufacturing facility in Jacksonville. According to incorporation records, the company’s chairman, Xiande Li, lives in Shanghai, China. The company’s CEO and director have Anaheim, California, addresses.

Where is JinkoSolar’s manufacturing facility in Jacksonville, Florida?

JinkoSolar's factory in Jacksonville is located at Cecil Commerce Center on the city's Westside.
JinkoSolar's factory in Jacksonville is located at Cecil Commerce Center on the city's Westside.

JinkoSolar operates a 287,000-square-foot facility in Jacksonville at 4660 New World Ave. at Cecil Commerce Center. Billed as "the most automated factory in Florida," the Jacksonville facility produces about 100 solar panels an hour, operating around the clock in four production shifts, the Jacksonville Daily Record reported in 2022.

How many people are employed at JinkoSolar’s facility in Jacksonville, Florida?

According to the company, JinkoSolar has 274 workers at the manufacturing plant at Jacksonville’s Cecil Commerce Center.

Is JinkoSolar expanding in Jacksonville?

JinkoSolar plans a $52 million expansion that would create another 250 full-time jobs, according to the summary of a bill (2023-276) that would have provided up to $2.3 million in property tax rebates over a 10-year period.

What is the latest JinkoSolar stock price?

Here is the latest information on JinkoSolar's stock price.

This article originally appeared on Florida Times-Union: JinkoSolar: Chinese company operates Jacksonville, Florida factory

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