JinkoSolar, a leading solar module manufacturer, has signed a 2,750-MW solar panel supply deal with NextEra Energy, the world’s most valuable utility company, JinkoSolar has announced in a statement.
The 2,750-MW supply deal ranks as the largest single solar panel supply deal in history, the company noted in its statement.
As the world’s most valuable utilities company with market capitalization of over 73 billion USD, NextEra Energy operates approximately 47,000 megawatts of net generating capacity and employs approximately 14,000 people in 33 states in Canada and the USA.
NextEra Energy is a global leader in renewable energy and has plans to own 7,000 MW of solar and wind generation capacity by 2020.
JinkoSolar provides a combination of state-of-the-art solar technology, high-quality products, localized service, and supreme project bankability.
The joining of two major renewable companies not only has further enhanced the position of both parties in the solar industry, but, in the long run, will lead to lower cost of production and, subsequently, generate greater customer demand for stable and reasonable energy prices, the JinkoSolar statement noted.
The partnership between the two leaders of the industry enables highly visible synergies and creates win-win situation, enabling the continued sustainable growth of both parties, the statement stressed.
“As NextEra Energy continues to invest heavily in new solar projects across the country, we’re thrilled to have the opportunity to buy cost-effective, reliable solar panels made here in America. JinkoSolar shares our commitment to delivering affordable clean energy solutions,” said Jim Robo, NextEra Energy’s chairman and CEO.
“To us, this partnership with NextEra is not about the large quantity of the order. Instead, what we value more about this arrangement is the long- term relationship we will established with an important partner. JinkoSolar’s products and technologies have withstood the test of time. The company has also realized continued growth. After becoming the world’s largest solar module manufacturer with 6.65 GW of module shipments in 2016, we continued to grow in 2017 by achieving a growth rate of 47% and shipping over 9.7 GW of modules,” noted JinkoSolar CEO Kangping Chen when asked to describe the significance and reasons behind the deal.
“Considering that the US is one of our most important markets, the company highly values the development of long-term strategic partnerships in the US. This partnership with NextEra is built upon a mutually shared vision and management belief in sustainable development. The high bankability of the JinkoSolar products, superior JinkoSolar service, and esteem industry reputation was a foundational catalyst to this partnership,” the JinkoSolar CEO added.