The deal includes significant down payments, which will help Jinko expand its manufacturing capacity in the United States and Asia.
One of the leading PV modules supplier JinkoSolar Holding’s US subsidiary has signed a three-year deal to supply 1.43 GW of high-efficiency modules to sPower.
sPower is the leading renewable energy independent power producer (IPP).
Further, the pact includes significant down payments, which will help Jinko expand its manufacturing capacity in the United States and Asia.
Moreover, this major supply deal continues the strong strategic relationship between the two countries.
To-date, the Chinese modules supplier has supplied over 800 MW approximately 2.5 million solar panels for sPower’s PV projects.
Commenting on the deal, 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,” Creamer added.
“We are very pleased to work with sPower,” said Gener Miao, JinkoSolar Vice President of Sales & Marketing.
Miao further added that “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.”
The company has built a vertically integrated solar product value chain, with an integrated annual capacity of 8 GW for silicon ingots and wafers, 5 GW for solar cells, and 8 GW for solar modules, as of December 31, 2017.
It has eight production facilities globally, 16 overseas subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa, and United Arab Emirates, and global sales offices in China, Hong Kong, Japan, India, Turkey, Germany, Switzerland, United States, Brazil, Chile, Australia, South Africa, and United Arab Emirates.