JinkoSolar signs 1 GW supply agreement with sPower

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JinkoSolar Holding Co., Ltd. has signed a deal with leading U.S. independent power producer sPower to supply up to 1 GW of PV modules.

The agreement is JinkoSolar’s largest contract in the United States to date: The company will supply more than 3 million high-efficiency PV modules to sPower for a number of different projects that are to be built before the end of 2016.

sPower develops solar and wind energy projects across the U.S. and the U.K., including utility-scale solar projects in California. The company recently announced the doubling of its operating portfolio in 2015 to 500 MW and plans to bring an additional 700 MW online in the next year.

"The timing of the agreement is significant in light of the recent extension by the U.S. Federal Government of Investment Tax Credits for utility-scale solar development," said sPower CEO Ryan Creamer. "Strategic sourcing is an element of sPower’s plan to secure resources in order to ensure that we successfully achieve our aggressive development goals."