Driving Toward and Beyond Grid Parity - Jinergy PDF

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Driving Toward and Beyond Grid Parity

PV Module Tech
JINNENG GROUP-Jinergy’s Parent Company
A State-Owned Large Energy Group

REVENUE CLEAN ENERGY


40 billion USD total asset in 2018 2.1TWh annual clean energy generation
15.3 billion USD total revenue in 2018

THERMAL POWER COAL TRADE


25TWh annual thermal power generation 165 million tons annual coal trade

JINERGY

Global Top 500 Clean BNEF Tier 1 Top 2 Module Exporter


Energy Enterprises PV Module Supplier to India in 2018

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HJT 23.8% JNHM60/72 JNHM120/144

NEW

Mono
22.1% JNMM60/72 JNGM60/72 JNBM60/72 JNMM120/144 JNBM120/144
PERC
NEW NEW

Poly 19.1% JNMP60/72 JNGP60/72

Cell Cell Eff Normal module Dual Glass Module Bifacial Module Half cell Module Half cell Bifi Module

3
5000
450W

4000

HJT
3000 430W 440W
Mono166.0
Mono158.75
2000 Poly

380W 390W 405W


1000

340W 350W 360W


0
2018 2019E 2020E 2021E

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Global Shipments

Netherlands
15 Countries
Ukraine
Pakistan

4GW Germany

China
Korea

Japan
Israel

Mexico
India
Vietnam

Singapore

Brazil

Australia
Argentina

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Module price ($/W,2018 real)

100

1985
1976
10

2008
2003

2015

2018
1

Cumulative capacity (MW)


0.1
1 10 100 1,000 10,000 100,000 1,000,000
Historic prices from Paul Maycock Chinese c-Si module price (BNEF)
Experience curve at 28.5%

Source: Bloomberg NEF

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To Reduce LCOE

Higher Efficiency

Lower Initial Investment

Higher Reliability
Higher Efficiency
HJT MBB Front output>405W & Bifi=93%

Pmpp(W) 406.6

Voc (V) 53.51


Isc(A) 9.566
Vmpp(V) 44.78

Impp(A) 9.08

FF(%) 79.4

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HJT Module roadmap

Gen 1 Gen 2 Gen 3 Gen 4

5BB MBB MBB MBB

Full Full Half-cut Half-cut

156.75 156.75 158.75 166.0


STC 395W STC 405W STC 420W STC 470W
BSTC 440W BSTC 456W BSTC 475W BSTC 530W

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Performance comparison between HJT and PERC

Item HJT PERC Ratio


Module
20.2%(335W) 19.2%(315W) ↑5.2%
Efficiency
Power
0.45 %/ Year 0.7%/Year ↓35.7%
Degradation
Temperature
-0.27 %/℃ -0.40 %/℃ ↓32.5%
coe
Power
2085 kWh/kW/Year 1740 kWh/kW/Year ↑19.8%
Generation

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Lower Initial Investment
Cell

156.75*210 158.75*223 166.0*223


Power=5.45W Power=5.62W Power=6.11W
Baseline ↑3.14% ↑12.21%

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Module

156.75*210 158.75*223 166.0*223


Pmax=380W Pmax=410W Pmax=440W
Baseline ↑7.9% ↑15.8%

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Higher Reliability
Product Certification

Management System Certifications

National Accredited Lab

Product Certifications

Listings CEC(AU)、CEC(US)、FSEC、JPAC、DEWA
Quality Assurance/Warranty

*Power output assurance depends on specific products.

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Third Party test Result

Power Degradation

0.00%
-0.10%
-1.00% -0.49% -0.73% -0.62% -0.60%
-1.09% -1.08%
-2.00% -1.59%
-3.00%
-4.00%
-5.00%
-6.00%

Testing location: UL INDIA PVT.LTD,Test according to IEC61215,IEC61730-1/2

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Anti-LeTID Performance

Mone Cell LeTID Efficiency Degradation


5.00%

4.00%

3.00%

2.00%

1.00%

0.00%
3H 5H 10H 20H 30H 40H 50H
SE-PERC Mono Bifi PERC Mono

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Demonstrated Extremely Low Degradation

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Demonstrated Extremely Low Degradation
Datong PV Application Front Runner Base Phase I

Running Condition Efficiency and Experimental Monitoring Efficiency of Datong Running Condition Degradation and Experimental Monitoring Degradation
PV Application Front Runner Base Phase I (August, 2019) of Datong PV Application Front Runner Base Phase I (August, 2019)

0.3%
0.05%

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Conclusion

• Higher efficiency, lower initial investment and higher reliability will


reduce LCOE.
• With excellent temperature coefficient, low light performance,
bifacial power generation and extremely low degradation HJT will
be the future high efficiency technology.
• Larger wafer, MBB, half-cut and bifacial products will help move
toward grid parity.

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THANKS
Leader of PV Manufacturing / Innovator of Business Model

www.jinergy.com

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