JinkoSolar has signed a one-year supply PV module agreement with Lumos Solar, a U.S.-based solar design, development, and distribution company. Terms of the deal call for the vertically integrated Chinese manufacturer to produce 6MW of frameless LSX modules as well as traditional Lumos-framed modules under a cobranded label “Lumos powered by Jinko” to be shipped in the second quarter of 2011.
“The agreement between Lumos and JinkoSolar gives us a chance to launch this game-changing installation technology into the market,” explained Scott Franklin, CEO of Boulder, CO-based Lumos. “The superior cosmetics and lower installation costs of LSX get us closer to grid parity and the mainstream adoption of solar power.”
“We are excited to work with Lumos, whose strong commercial and residential presence in Colorado provides us with an excellent opportunity as we expand our business in the U.S., where we see enormous potential,” said Arturo Herrero, CMO of Jinko. “To date, approximately 7% of our 2011 order book will be shipped to the U.S., and we expect that the shipment volume to increase throughout the year.”
“Lumos' installation capacity has been growing rapidly, with the potential for even stronger growth with the launch of their LSX Module System,” he continued. “The LSX technology can not only be applied in the U.S. but also in Europe where commercial and residential segments often require fully integrated solutions for PV roofing systems.”
Financial terms of the deal were not disclosed.