solar

Under the strategic cooperation agreement, JinkoSolar will provide at least 600MW PV modules this year.

CMNE’s parent China Minsheng Investment plans to spend CNY200bn ($32.2bn), to develop around 20GW solar projects by 2020.

The proposed projects are in line with plans to position CMNE among major renewable energy investors and operators in China.

JinkoSolar chairman Xiande Li said: "As a global leader in the PV industry, we believe this strategic cooperation agreement marks the beginning of a long-term partnership between two leaders in their respective industries.

"We look forward to developing a long-term relationship with CMIC as we are jointly committed to promote the development of the solar industry in China."

JinkoSolar and CMNE will soon sign a formal purchase contract, to discuss specific terms of the deal.

According to Bloomberg New Energy Finance, China is expected to have more than 15GW solar installations by the end of this year with 18GW in 2016.


Image: JinkoSolar will supply 600MW solar PV modules to CMNE this year. Photo: courtesy of njaj / FreeDigitalPhotos.net.