Chinese solar PV module-maker JinkoSolar has signed a three year agreement with sPower to supply 1.43GW of its PV modules.
JinkoSolar stated that the agreement includes significant down payments, which can help the company in expanding its manufacturing capacity in the US and in Asia.
JinkoSolar sales & marketing vice president Gener Miao said: “We are very pleased to work with sPower. We value the opportunity to grow our business with a visionary like sPower.
“JinkoSolar has been investing heavily in advanced solar technologies, and these efforts have yielded major benefits.”
Till now, JinkoSolar claims to have supplied more than 800MW, comprising 2.5 million solar panels for sPower’s solar projects.
sPower CEO Ryan Creamer said: “We have had a strong track record of success with JinkoSolar’s high quality and reliable modules, which is why we have signed another deal.
“JinkoSolar’s technology roadmap and cost leadership are also strong enablers for our future projects, and we look forward to maintaining our strong partnership.”
JinkoSolar had recently achieved 23.95% efficiency for its P-type monocrystalline cell. This has been verified by the Photovoltaic and Wind Power Systems Quality Test Center at the Chinese Academy of Sciences (CAS).
In April, JinkoSolar has signed a memorandum of understanding (MoU) to partner with Kazakhstan’s International Centre for Green Technologies and Investment Projects on solar power development.
With this MOU, JinkoSolar stated that it will contribute towards the development of renewable energy in Kazakhstan through appropriate usage of its solar PV research & development, production, and knowledge sharing given its global service network and experience.
In the same month, the company had also supplied solar modules for one of the largest solar PV plants in Mexico. As per the terms of the contract, JinkoSolar has supplied solar modules for 754MW solar plant to a European counterparty.
The solar plant is expected to begin operations in the second half of this year, generating 1700GWh of clean energy each year.