JinkoSolar has signed a deal with global PV distributor Proinso in India that could slingshot its future sales on the subcontinent.
Spain-based Proinso, which maintains installer networks in more than a dozen countries, including many key emerging markets, claims to have supplied more than 100MW of modules in India over the past three years, and brokered installation services for more than 150MW out of its Mumbai office.
Jinko announced several one-off module deals in India last year, including a 25.8MW order from the developer Enrich Energy, but the Indian market remains largely irrelevant to the company's overall revenue mix.
Jinko’s renewed push into India comes at a time of heated disagreement between the country's growing band of developers, who believe India’s domestic content requirements are denting the sector’s growth, and its small cadre of PV manufacturers, who continue to lobby for protection from the onslaught of cheaper modules from China and the US.
According to new figures from India’s Ministry of New and Renewable Energy, the country added a little less than 1GW of PV capacity in the year to 31 March – bringing its total to 2.6GW.
India is the third largest solar market in Asia, after China and Japan.