As the world’s largest supplier of PV modules, JinkoSolar is no stranger to big deals. However, the deals it has been signing as of late are setting new records for raw volume. Two months ago, JinkoSolar and NextEra revealed a 2.75 GW module deal, the largest seen by pv magazine staff to date, which provides the rationale for the PV maker’s new Florida module factory.
This morning, JinkoSolar followed on that by announcing a deal to supply 1.43 GW of PV modules – representing somewhere in the neighborhood of 5 million individual solar panels – to sPower over the course of three years.
This is not the first deal between Jinko and the Utah-based developer and independent power producer. Jinko notes that it has already supplied around 800 MW of modules to sPower, which brands itself as the largest private owner of operating solar assets in the United States.
sPower boasts 13 GW in operating projects, those under construction and “pipeline”, although these numbers are not disaggregated and the defintion of pipeline is unclear.
Jinko notes that the deal includes “significant down payments,” which it says will help it to expand manufacturing in both the United States and Asia.