JinkoSolar 115MW to South Africa

Chinese PV manufacturer JinkoSolar has signed a deal to ship 115MW of modules to South Africa.

JinkoSolar says the deal with “a well-recognised solar developer” covers two projects, one of 75MW the other 40MW.

The solar developments fall under the second round of South Africa’s renewable energy programme, adds JinkoSolar.

It says the same developer may purchase more modules for further projects worldwide over the next three years.

In December it secured an 81MW contract to equip a plant in the country’s Northern Cape Province.

Chief marketing officer Arturo Herrero said: "South Africa, with its abundance of sunshine, rapid economic growth and governmental support, is one of the most important emerging markets for JinkoSolar.

“We look forward to the completion of these two projects and the opportunities for further cooperation during phase 3, making solar power increasingly cost competitive in South Africa," added Herrero.”

Yesterday South African finance group Standard Bank revealed it would link with a Chinese partner to set up a $2.2bn debt funding pool for renewables projects.