Shanghai, November 22, 2021, JinkoSolar Holding Co., Ltd, (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today has announced its collaboration with CNPC through a landmark deal delivering its high efficiency Tiger Neo bifacial modules for a 200 MW solar farm. This will be the first ever solar-powered oilfield built by China’s oil giant, Chinese National Petroleum Corp (CNPC) in Yumen, China. It marks the beginning of a new, greener era for the oil and gas sector.
The Oil giant has already unveiled plans to partner with JinkoSolar to build its first megawatt scale solar farm in order to provide power for its Yumen oil production activities. This has opened up a huge potential market for bifacial modules, particularly N-Type Topcon modules which maximize yield from the rear side of the bifacial module due to a high bifacial factor, which is up to 85% or more. It is a well-known fact that most oil fields have sandy soil conditions which implies a high ground albedo making bifacial modules quite effective. Higher values of albedo increase the effective irradiation intensity on the back side. The bifacial factor in N-type Topcon technology is even higher and shall amplify power generation from the rear side, resulting in a substantial increase in produced energy.
Solar for oil is a win-win in terms of emission reduction and reducing the cost of producing oil, especially with much of the world’s ‘easy oil’ gone. But solar power that serves oilfields has to tolerate difficult environmental and weather conditions and projects have to be built to oilfield safety standards. We also need to overcome challenges around executing projects in remote locations. For instance, the projects need high power output modules (up to 600 watt) for over-all efficiency but with low current for safety considerations. The modules also need to be durable anti-salt, with anti-corrosion dual glass encapsulation, but should come with lighter weight in smarter sizes at the same time for easy installation. These underlying and significant factors are steering investments towards producing green power from n-type Topcon bifacial technology to meet the specific needs of the oil and gas industry.
The future of n-type Topcon bifacial solar technology is promising, and more for powering oil production facilities. “Looking further into the future, as n type Topcon bifacial solar modules continue to scale up in production, and the engineering and build processes grow more efficient, costs will continue to fall, making n-type solution a strong choice for any commercial endeavor, including helping build a greener future for oil production,” said Dany Qian, VP of JinkoSolar.
Legal Statement
Jinko Solar was listed on the STAR Board of the Shanghai Stock Exchange in 2022, and JinkoSolar Holding Co., Ltd., its indirect controlling shareholder, was listed on the New York Stock Exchange in 2010.
