Chinese crystalline-silicon photovoltaics manufacturer JinkoSolar scored another module supply deal and said it has set up a U.S. subsidiary based in San Francisco. The 130MW supply agreement, signed with an unnamed “leading global PV company,” will begin in 2011 and continue throughout the year.
The module deal is an extension of a current contract with the customer that is scheduled to be fully performed in 2010. Financial terms of the new agreement were not disclosed.
“The current contract extension deepens our strong relationship and demonstrates the customer's recognition of JinkoSolar's module quality, continuous technological enhancements, and best-in-class after-sales services,” said Xiande Li, chairman. “We look forward to continuing to work with this marquee customer as well as expanding JinkoSolar's brand recognition as a leading provider of solar modules.”
Arturo Herrero, chief strategy officer, said that the new U.S. unit “will allow us to provide better services and strengthen our relationships with existing North American customers as well as help us attract new customers in the region. In addition, the subsidiary's strategic location in San Francisco provides us with access to California's fast-growing solar market, through which we expect to further penetrate the U.S. market with our leading low-cost solar modules benefiting from our vertically integrated business model.”