JinkoSolar pens 2GW Brazilian module supply deal

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
JinkoSolar’s Tiger range of modules are to feature prominently in the Aldo Solar order. Image: PV Tech.

‘Solar Module Super League’ member JinkoSolar has signed a 2GW module supply deal with Brazilian PV distributor Aldo Solar.

The manufacturer said the deal, effective from 2022, is the largest distribution agreement the company has signed outside of China.

Under the terms of the deal, around 4 million JinkoSolar modules will be distributed throughout Brazil by Aldo Solar, which it said holds a 31% share of Brazil’s distributed solar market.

Kangping Chen, CEO at JinkoSolar, said the deal was an opportunity for “exceptional growth” in the Brazilian market.

Alberto Cuter, general manager for JinkoSolar for Italy and Latin America, further added that the deal was expected to double the company’s business volume next year and revealed the manufacturer would be hiring new staff in the country to ramp up its service for Aldo Solar.

Aldo Solar meanwhile revealed that it is targeting triple-digit growth next year, with a sales target of BR$6 billion (US$1.05 billion) in place.

“The partnership with Jinko will be fundamental for us to reach this goal,” Aldo Teixeira, founder and CEO at Aldo Solar, said.

Module and inverter manufacturers alike have targeted the Brazilian PV market this year, expectant of surging growth in the years to come. In September microinverter manufacturer Enphase Energy announced its entry into the Brazilian market, stating it was doing so with high expectations.

PV Tech Premium explored the industry’s expectations for the Brazilian PV market and its key drivers in an exclusive analysis piece published in September, which can be read here.

Read Next

January 26, 2022
Shares in ‘Solar Module Super League’ (SMSL) member JinkoSolar’s operating subsidiary surged on the company’s Shanghai stock market debut, closing at more than double their listing price.
January 21, 2022
India is at risk of a supply and demand mismatch for solar equipment if domestic PV manufacturers are unable to meet the quantity and quality required by project developers, Fitch Solutions has warned.
PV Tech Premium
January 19, 2022
Latin America is fast becoming a lucrative solar market as countries ramp up deployment efforts. In this context, Colombia and Panama stand out as key markets to look out for, MPC Energy Solutions' CEO tells PV Tech Premium
January 13, 2022
Finlay Colville, head of market research at Solar Media, reveals the top ten PV module suppliers last year in the first of a two-part blog, exploring not just shipment volumes but also the overall supplier bankability.
January 12, 2022
US solar tracker supplier Array Technologies has completed its previously announced acquisition of Spanish tracker manufacturer Soluciones Técnicas Integrales Norland, S.L. (STI Norland).  
PV Tech Premium
January 11, 2022
PV Tech Premium speaks with analysts and experts on the Brazilian solar market to discuss the country's long-awaited new net metering laws

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal
Solar Media Events
April 25, 2022
Berlin, Germany