As the world’s largest supplier of PV modules, JinkoSolar is no stranger to big deals. However, the agreements it has been signing of late are setting new records for raw volume. Two months ago, JinkoSolar and NextEra revealed a 2.75 GW module deal, the largest seen by pv magazine staff to date, and providing the rationale for the PV maker’s new Florida module factory.
This morning, JinkoSolar followed up by announcing a deal to supply 1.43 GW of modules – somewhere in the neighborhood of 5 million panels – to sPower over three years, with the latest jaw-dropping contract announced in the wake of a share price fall prompted by fears of a wobble in the manufacturer’s domestic market.
It is not the first deal between Jinko and the Utah-based developer and independent power producer. Jinko notes it has already supplied around 800 MW of modules to sPower, which brands itself the largest private owner of operating solar assets in the United States.
SPower boasts 13 GW in operating projects, schemes under construction and its “pipeline”, although the numbers are not disaggregated and the defintion of ‘pipeline’ is unclear.
Jinko notes the deal includes “significant down payments,” which it says will help it to expand manufacturing in the U.S. and Asia.