What Jinko Power Technology does

Jinko Power Technology Co., Ltd. (601778.SH) is a Shanghai-headquartered, publicly listed solar PV power generation and integrated energy services company founded in July 2011. It is the first A-share listed private PV power generation enterprise in China, having listed on the Shanghai Stock Exchange in May 2020. The company is part of the broader Jinko Group ecosystem controlled by the Li family, sharing ultimate beneficial ownership with NYSE-listed JinkoSolar (JKS).

The company develops, invests in, constructs, operates, manages and transfers utility-scale and distributed solar PV power plants, plus related energy storage, virtual power plant, smart O&M, power trading, PV-to-hydrogen and carbon trading services. Its technology stack centers on a Smart O&M remote centralized control platform, battery energy storage systems (including liquid-cooled SunTera), a virtual power plant aggregation platform connecting 1,150 MW as of end-2024, and source-grid-load-storage integration architecture. Underlying components include bifacial solar modules, energy management software and digital visualization tools; proprietary R&D is anchored at a Design Institute (设计院) in Nanjing. Self-owned installed capacity stood at 6,448 MW at end-2024 and annual generation reached 6.714 billion kWh.

The business model is a hybrid "rolling development" approach combining long-duration power generation revenue from self-owned plants (25+ year PPAs), one-time asset transfer gains (790 MW transferred in 2024), EPC professional services, recurring storage and O&M managed services, and transaction-fee revenue from retail power trading (187 billion kWh contracted in 2024 across 9 provinces and 4,380 customers). GTM is enterprise field sales for utility-scale and C&I distributed PV (1,000+ enterprise customers), an agent/distributor network (~400 agents in 20+ provinces) for the Jingnengbao (晶能宝) household sub-brand, and international project bidding with consortium partners (TAQA, Masdar, EDF) in the Middle East, Europe and Latin America. Customer end-markets include internet/technology (Alibaba Cloud, Tencent Cloud, JD.com), logistics (SF Express, ESR, Goodman), automotive (Changan, Ford), beverage (Coca-Cola) and pharmaceutical/industrial firms.

Name

Jinko Power Technology

Legal name

晶科电力科技股份有限公司

Website

https://jinkopower.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

Jinko Power Technology (601778.SH) is a Shanghai-listed solar PV developer and integrated energy services provider, owning ~6.4 GW of self-operated capacity and serving 1,000+ C&I enterprises and 60,000+ households across China, with growing overseas project operations.

Ownership category

akta.pro rank

Product category

Solar Power Generation and Renewable Energy Services

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)

akta.pro secondary industries

Distributed Generation (DG) Solar & Small Wind (EUAMAJAD), Distributed Storage (Behind-the-Meter Batteries) (EUAMAJAE), Utility-Scale Power Generation Asset Management (EUAEAMAA)

Keywords

• Solar power generation
• PV power plant development
• Energy storage systems
• Renewable energy services
• Distributed solar solutions

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Power Generation (Self-owned Plants): Operating and maintaining owned solar power plants to generate electricity revenue from grid connections. As of end 2024, self-owned installed capacity of 6,448 MW with annual power generation of 6.714 billion kWh. Revenue from electricity sales to grid operators.
2. Power Plant Development Services: Developing, constructing and transferring power plants (rolling development strategy). Develops high-quality power plant assets for sale to generate development service income and capital appreciation. 2024 completed 790 MW in plant transfers.
3. EPC Services: Engineering, procurement and construction services for third-party solar power plant projects
4. Energy Storage Services: Investment, development and operation of energy storage projects including grid-side and user-side applications. Revenue from capacity leasing, ancillary services and market trading.
5. Power Trading and Retail: Retail electricity sales, green power certificates trading, carbon trading. As of 2024, signed electricity volume of 187 billion kWh across 9 provinces, 4,380 customers.
6. Virtual Power Plant Operations:

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Jinko Power Technology is a clean energy supplier and service provider that develops, invests in, constructs, operates, transfers, and manages solar PV power plants across centralized ground-mounted, commercial & industrial distributed, and household rooftop segments. It also delivers integrated energy services including battery energy storage, virtual power plants, electricity trading, carbon trading, and PV-to-hydrogen solutions, with 6,448 MW of self-owned installed capacity and operations spanning 30+ Chinese provinces plus international markets in the Middle East, Europe, Latin America and Asia Pacific.

Product overview

Jinko Power Technology Co., Ltd. (601778.SH) is a leading clean energy supplier and service provider operating three core business segments: power plant development, power plant services, and energy services. The company offers an integrated portfolio spanning centralized and distributed solar power plants, including the Jinnengbao residential sub-brand. Its services encompass the full lifecycle of PV assets—development, EPC, smart O&M, and asset transfer—alongside advanced energy solutions such as energy storage, virtual power plants, PV-to-hydrogen, carbon trading, and green power trading. As the first A-share listed private PV power generation enterprise in China, the company manages approximately 5.4GW of installed capacity and provides source-grid-load-storage integration solutions for industrial, commercial, and residential customers across 30+ provincial-level regions.

Differentiator

Problem solved

Functional benefit

Brands

• 晶能宝 (Jingnengbao): Household/family PV system brand launched in 2022, providing full lifecycle solutions for residential solar installations with 25-year cooperation model for rooftop PV systems
• Jinko Huineng (晶科慧能)
• Huineng Electricity Sales (慧能售电)

Products and services

• Centralized Power Station System (集中式电站系统) Large-scale ground-mounted solar power plant development, investment, construction, operation, and transfer services for utility-scale renewable energy generation; projects typically 100MW+ including agricultural-PV complementary, fishery-PV, and forest-PV configurations; customers are state-owned grid operators and power purchasers.
• Commercial and Industrial Distributed Systems (工商业分布式系统) Rooftop and facility-mounted distributed solar solutions for commercial and industrial customers, enabling on-site power generation, electricity cost savings, and ESG compliance; deployment sizes typically 1MW-50MW per installation; models include rooftop leasing, electricity discount (85% of grid price), or customer self-investment with 5-7 year payback.
• Jinnengbao (晶能宝) Household PV Systems Residential household solar PV systems providing homeowners distributed solar solutions including installation, operation, and maintenance services; cooperative development model where Jinnengbao provides equipment, design, installation, O&M and shares 25 years of revenue, or customer-funded/financed purchase model; distributed via ~400 agents.
• Smart O&M Service (智能运维) Intelligent operations and maintenance services for solar power plants using remote monitoring and digital visualization platform; reduces operating costs, improves fault diagnosis efficiency, and enables transparent power plant operations; operated by Jinko Power's dedicated O&M subsidiary.
• Energy Storage Services (储能) Battery energy storage solutions including grid-side and user-side storage systems with SunTera liquid cooling technology; supports power grid stability, renewable energy integration, demand response, and capacity leasing; revenue from capacity leasing, ancillary services, and market trading.
• Virtual Power Plant (虚拟电厂) Aggregates distributed energy resources including solar plants and storage to participate in grid auxiliary services, demand response, and electricity market trading; helps enterprises optimize energy costs and supports grid stability.
• Electricity Trading and Power Sales (电力交易) Green power trading and electricity market participation services, facilitating renewable energy sales, power market transactions, and green power certificate sales to enterprises; operated through Huineng Electricity Sales subsidiary across multiple Chinese provinces.
• PV-to-Hydrogen (光伏制氢) Solar-powered hydrogen production technology combining renewable energy with green hydrogen generation for industrial applications and decarbonization; developed in cooperation with Air Products to provide a 'Chinese solution' for PV-to-hydrogen.
• Carbon Trading and Carbon Finance (碳交易和碳金融) Carbon credit trading services and green finance solutions helping enterprises meet emissions reduction targets and ESG commitments; combined with green power certificate trading for full decarbonization support.
• EPC Services for Power Plants Engineering, procurement and construction services for third-party solar power plant projects, delivering full project execution from design to commissioning; serves both domestic and international project developers.
• Source-Grid-Load-Storage Integration (源网荷储一体化) Integrated energy management solution coordinating power generation, grid infrastructure, consumption loads, and storage systems for optimized energy utilization; supports industrial parks, microgrids, and data center compute-power collaboration projects.
• Industry Decarbonization Services (行业脱碳) Comprehensive decarbonization solutions for industrial clients integrating on-site renewable generation, energy storage, electricity procurement, and carbon trading to support corporate ESG commitments and carbon neutrality goals.
• Power Plant Development and Asset Transfer Develops high-quality solar power plant assets for sale to investors through a rolling development strategy; generates development service income, EPC fees, and capital appreciation; supplements recurring electricity revenue from self-owned plants with one-time transfer income.

Quantifiable outcome

• Self-owned installed capacity of 6,448 MW as of end 2024
• +4 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and important.

• Elsewedy ElectriccoreStrategic or Co-development Partner · 13 March 2026Partnership for El Saad 348.6 MWp solar PV plant in Saudi Arabia, 85km east of Riyadh. Elsewedy Electric as main contractor with Jinko Power as development partner. Saudi Power Procurement Company (SPPC) as offtaker. Completed in 16.5 months.
• TAQA (Abu Dhabi National Energy Company)coreStrategic or Co-development Partner · 21 January 2026Joint development of the 2GW Al Dhafra Solar PV plant in Abu Dhabi. Jinko Power holds 20% ownership. Successfully completed $870.75 million green bond issuance (5.794% coupon, maturing June 2053) to refinance the plant. Consortium includes TAQA (40%), Masdar (20%), EDF Power Solutions (20%), Jinko Power (20%).
• Masdar (Abu Dhabi Future Energy Company)coreStrategic or Co-development Partner · 21 January 2026Joint development of UAE solar projects including Al Dhafra 2GW plant. Partner in consortium with TAQA, EDF and Jinko Power for the world's largest single-site solar facility.
• EDF Renewables / EDF Power SolutionscoreStrategic or Co-development Partner · 21 January 2026Joint development of UAE solar projects (Al Dhafra 2GW) and other international projects. Long-standing partnership with EDF Group in Middle East and international markets.
• Guangdong Power Industry Fuel Co., Ltd (广东省电力工业燃料有限公司)importantStrategic or Co-development Partner · 5 June 2025Strategic cooperation discussion on domestic and overseas power plant development, O&M, and compute-power collaboration (算电协同) opportunities in central and western regions.
• Oman Electricity Transmission Company / Major DeveloperscoreStrategic or Co-development Partner · 3 June 2025Jinko Power participates in Oman's renewable energy market alongside Masdar, ACWA Power, Total Energies, Sembcorp and Korea Western Power for large-scale solar and wind projects (Ibri II 500MW, Manah I&II 1GW).
• bp ChinaimportantStrategic or Co-development Partner · 21 April 2025Strategic cooperation MOU signed in 2020 to explore potential collaboration in PV innovation, energy services, project development and investment. Focus on C&I distributed PV, smart O&M, storage and demand response.
• Antai Solar (安泰新能源)importantStrategic or Co-development Partner · 25 May 2023Global strategic cooperation agreement signed at SNEC 2023. Collaboration in PV tracking and fixed bracket solutions, joint global project development, technology innovation and talent exchange.
• China Nuclear Seventh Research and Design Institute (中核七院)importantStrategic or Co-development Partner · 10 April 2023Strategic cooperation for storage, integrated energy, wind power, PV and other new energy fields. Joint business technology research and participation in power system reform demonstrations.
• Air Products (空气产品公司)importantStrategic or Co-development Partner · 5 February 2021Strategic cooperation to combine PV power generation with hydrogen production. Leveraging Air Products' expertise in hydrogen to promote green hydrogen development for industrial and social decarbonization.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• SPIC (State Power Investment Corporation, 国家电投): China's largest state-owned renewable IPP and largest PV operator, ranked #1 in Leaders program bids (32.9% share in batch 3 vs. Jinko's 14.76%). Sets the structural competitive ceiling in centralized solar bidding.
• ACWA Power: Saudi-listed global renewable and desal IPP developer bidding on the same Middle East solar tenders (Ibri, Manah, SAAD) where Jinko Power competes. Overlapping customer base (regional state offtakers) and similar low-tariff bidding model.
• CGN New Energy (中广核新能源): HKEX-listed subsidiary of state-owned CGN Group, one of the largest state-owned renewable IPPs in China, with diversified wind/solar/gas portfolios. Competes directly in centralized PV bidding but at much larger scale and with state-backing advantages.

Emerging players

• Trina Solar (天合光能): Vertically integrated solar module manufacturer (SSE 688599) expanding into downstream PV plant development, tracking systems, and storage. Adjacent rather than direct competition, but increasingly overlapping in plant development and storage projects.
• Risen Energy (东方日升): Vertically integrated solar module manufacturer moving into PV power plant EPC, O&M and IPP services. Adjacent comparable in plant development plus storage integration.
• LONGi Green Energy (隆基绿能): World's largest solar module manufacturer (SSE 601012) with growing downstream plant investment business. While module-focused, LONGi's expansion into utility-scale solar projects increasingly brings it into comparison with Jinko Power's IPP activities.

Others

• Sungrow Power Supply (阳光电源): World's largest solar inverter and a leading storage system integrator (SSE 300274). Not a direct peer in IPP, but a critical technology partner and competitor in the storage segment where Jinko Power is building out its own battery business.

Direct peers

• Shunfeng Clean Energy (顺风清洁能源): China-HKEX listed clean energy IPP with solar and wind plant development, investment, construction and O&M services. Closely comparable Chinese private solar IPP structure and customer/market overlap with Jinko Power.
• Concord New Energy (协合新能源): China-listed (HKEX 0182) renewable IPP focused on wind and solar plant development, ownership and O&M. Closely comparable mix of centralized and distributed projects, asset-light development model, and international expansion, making it the most directly comparable publicly listed Chinese renewable IPP to Jinko Power.
• GCL Energy Technology (协鑫能科): Public-listed subsidiary of GCL Group operating distributed PV, energy storage, and integrated energy services. Overlapping business model across distributed generation, storage and power trading, with similar focus on the source-grid-load-storage integration thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jinko Power Technology