sPower has announced it plans to add an additional 700 MW to its renewable energy portfolio, and has already ordered 1 GW of solar panels from JinkoSolar.
The US based renewable energy provider announced its plans following a successful 2015 in which it brought over 300 MW of new renewable energy online, and finished the year with 500 MW in operating projects. sPower’s plans are to bring an additional 700 MW of renewable energy online during 2016, and will partner with JinkoSolar and Rosendin Renewable Energy Group.
sPower has already contracted Silicon Module Super League member JinkoSolar to provide 1 GW of solar panels, and with Rosenden Renewable Energy Group to provide engineering, procurement, and construction for sPower’s 2016 portfolio.
“In 2015, we maintained the trust of our utility partners, developers, landowners and communities by delivering on our promises. We created meaningful jobs, and we worked diligently to usher in a sustainable energy future,” said Ryan Creamer, sPower’s CEO. “We’ve set the bar high for 2016 with plans to bring online another 700MW of renewable energy. With the strength of our team and our partners, we’re well positioned to achieve our goal.”
The 1 GW solar panel deal is one of the largest orders ever made, globally, in the solar industry, following only behind a 1.5 GW supply deal contracted between US utility NextEra Energy Resources and South Korea based Hanwha Q CELLS in April of last year.
JinkoSolar moved towards the close of business in 2015 with plans to ship 4.2 GW to 4.5 GW of solar modules, which shows just how impressive this new order is. The order also follows close on the heels of news that JinkoSolar would partner with RWE AG to construct the 800 MW Solar Photovoltaic Independent Power Project — Phase III tendered by the Dubai Electricity and Water Authority in Dubai, the United Arab Emirates.