China's JinkoSolar Inks 1.43 GW Module Supply Deal With sPower to Expand Production Capacity in US
Xu Wei
China's JinkoSolar Inks 1.43 GW Module Supply Deal With sPower to Expand Production Capacity in US

(Yicai Global) June 6 -- JinkoSolar Holding has signed a three-year deal to provide 1.43 GW of high efficiency modules to sPower, an independent renewable energy producer in the US, via its wholly-owned US subsidiary. the WeChat official account reported on June 6.

The agreement includes significant down payments, which will help Shangrao-based JinkoSolar expand its production capacity in the US and Asia, the Chinese firm said in a statement yesterday. It gave no further details about the transaction amount and other terms of the deal.

The agreement on module supply will continue the strong business ties between JinkoSolar and Salt Lake City-based sPower, it said. JinkoSolar has so far provided more than 800 MW of photovoltaic, or solar, modules, equivalent to about 2.5 million solar panels, for sPower's projects in the field.

"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," said Ryan Creamer, chief executive officer of sPower. "JinkoSolar's technology roadmap and cost leadership are also strong enablers for our future projects, and we look forward to maintaining our strong partnership."

"We are very pleased to work with sPower," said Gener Miao, JinkoSolar vice president of sales and marketing. "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."

JinkoSolar now operates worldwide, with its revenue from the overseas market repeatedly setting new records in the industry. Its overseas exports exceed 70 percent of the total sales. It operates in many emerging and mature markets including the United States, Latin America, the Middle East, and Africa.

Editor: Mevlut Katik

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Keywords: JinkoSolar , US , sPower