Jinko ties with China Southern Power
JinkoSolar has bagged a module-supply deal with a subsidiary of China Southern Power Grid, representing a key step in the company’s push into both China’s south and the country's emerging rooftop market.
The 21.1MW order comes from Nan Xin Solar, a subsidiary of China Southern Power Grid, the largest provincial grid operator in China – and one of the country’s largest companies.
Delivery of the modules – which will be installed on rooftops in an industrial zone in Guangdong province, China’s most populous – will commence in May.
China, which has surged to become the world’s largest PV market by far, is attempting to pivot development away from utility-scale installations and towards rooftops, sparking a number of recent rooftop deals among the country’s top PV manufacturers.
JinkoSolar – the first major Chinese PV manufacturer to return to profitability last year – is based out of Jiangxi and Zheijiang provinces, both in China’s east.
China Southern Power Grid, meanwhile, runs the electricity grids across Guangdong, Guangxi, Yunnan, Guizhou and Hainan provinces, encompassing a population of 230 million.
“Having seen success in China’s western and eastern regions, we are establishing a strong relationship with China Southern Power Grid to extend our business into southern China,” says chairman Xiande Li, adding that such deals are an "incredibly important" part of the company's strategy.
JinkoSolar claims to own the largest pipeline of PV projects in China among US-listed Chinese solar companies – including 400MW of upcoming rooftop projects.