Chinese solar manufacturer JinkoSolar has this week signed a mammoth solar supply agreement to the tune of 1.43 gigawatts (GW) with the largest private solar operator in the US.
JinkoSolar, which in May confirmed its place as the world’s leading solar PV supplier, announced on Tuesday that it had signed a three-year, 1.43 GW solar supply agreement with Salt Lake City-based sPower, the largest private owner and operator of solar assets in the United States.
The two companies have already done significant business together, with JinkoSolar already having supplied over 800 megawatts (MW) worth of solar — or around 2.5 million solar panels — to the company for its projects across the United States. So far, sPower has 13 GW worth of wind and solar projects in its operating and construction pipeline, and has 1.3 GW already in operation.
“We have had a strong track record of success with JinkoSolar’s high quality and reliable modules, which is why we have signed another deal,” explained Ryan Creamer, CEO of sPower. “JinkoSolar’s technology roadmap and cost leadership are also strong enablers for our future projects, and we look forward to maintaining our strong partnership.”
“We are very pleased to work with sPower,” said Gener Miao, JinkoSolar Vice President of Sales & Marketing. “We value the opportunity to grow our business with a visionary like sPower. JinkoSolar has been investing heavily in advanced solar technologies, and these efforts have yielded major benefits.”
The move also comes at an interesting time considering the recent imposition by US President Donald Trump of a 30% tariff on all imported solar cells and modules. What impact the tariff will have on this deal is uncertain. Representatives from JinkoSolar and sPower declined to comment.
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