One of the biggest names in the whole of the solar PV industry, JinkoSolar, recently announced that it has signed on to supply the PV modules for two large projects in Chile. In total, about 100 MW worth of modules will be supplied for the two projects.
The two new projects will both be situated in the Atacama Desert region of Chile — a region with one of the highest irradiation levels of anywhere in the world.
The first of the two — the Lalackama plant — will be composed of 60 MW worth of JinkoSolar high-efficiency PV solar modules. That’s around 197,000 modules. The plant is expected to produce around 132 millions of kWh of electricity a year.
The second of the two — to be located in the Municipality of Diego De Almagro — will be composed of 40 MW worth of the modules. The project is expected to produce around 88 millions of kWh of electricity power a year once completed.
“We are very proud to have further solidified our position as one of the largest PV module suppliers in Chile,” stated Mr Alberto Cuter, JinkoSolar’s Sales Director of Emerging Market. “The increase in demand for renewable energy has turned Chile into one of the principal solar markets, and by signing those contracts, we are continuing our strategy to diversify into emerging markets. We now have the largest market share in Chile, marking a new milestone for JinkoSolar. Our expanding presence in Chile’s renewable energy market demonstrates our commitment to the development of clean energy in Latin America.”
In related news, JinkoSolar recently announced that it had achieved net profitability for 2013, owing to its “third straight quarter of profitability.” Most major solar module companies also saw a return to profitability in 2013.
The company’s continued involvement with large projects such as those discussed above seems to bode well for its future. We’ll keep you up to date on the company throughout the year. It’ll be interesting to see what its financials look like at the end of the year.
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