Business World of Renewable Energy

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Major Orders: Jinko Solar Scores In Brazil And Israel

Maringa, Brazil / Shanghai, China - Jinko Solar Co, Ltd, the operating subsidiary of Chinese solar manufacturer Jinko Solar, and Brazilian solar wholesaler Aldo Solar are further expanding their partnership in 2022.

Under the largest distribution agreement Jinko Solar Co has signed outside China to date, approximately 4 million photovoltaic modules are expected to be distributed, representing 2,000 megawatts (MW) of installed capacity.

"The distributed generation market is growing impressively in Brazil. In this scenario, further solidifying our partnership with Aldo in 2022 is an important step", said Alberto Cuter, General Manager of Jinko Solar for Italy and Latin America. Jinko Solar expects to double its business volume by the end of 2022.

Jinko Solar has also signed a supply agreement for solar modules with a total capacity of 360 MW with Tadiran Solar Ltd, one of the largest distributors in the Israeli market. The contract calls for the supply of the latest N-type TOPCon Tiger Neo solar modules in the period 2022 to 2023. By distributing Jinko Solar modules, Tadiran Solar Ltd. aims to become one of Israel's leading companies offering complete and comprehensive solar solutions while expanding its local market share to drive the development of renewable energy in Israel.

"This agreement is a milestone in Jinko Solar's growth strategy as we take the technology to the next level in all aspects and further expand our customer base in the distributed power generation sector", said Anita Li, managing director of ACPC.

Jinko Solar shares gained 4.2 percent last week to close at 40.36 euros (closing price Dec. 10, 201, Stuttgart Stock Exchange). Since the beginning of the year, this results in a minus of 27 percent.

Source: IWR Online, 13 Dec 2021