JinkoSolar Holding Co., Ltd
) declared that the first batch of the 100 kilowatt peak (kWp)
rooftop solar photovoltaic ("PV') power generation system
distributed to Eaton Electric Co., Ltd, a subsidiary of
), was linked to the grid located in Shenzhen, China.
JinkoSolar Holding installed the high-efficiency PV solar
panels on the roof of the factory owned by Santak Electronics Co.
Ltd. The project is supervised by Eaton Electric Co. which bought
400 high-efficiency solar PV panels from JinkoSolar Holding.
The installation activity involved usage of a low-cost linkage
control lone-axle tracking system to enhance the generating
capacity and speed up the installation process. In addition, it
prevents any damages to the existing waterproof structures which
are composed of aluminum alloy.
The aluminum alloy structures are suitable for installations
in the coastal provinces where the systems are often open to
extreme humidity and harsh environmental conditions. The rooftop
PV systems have the ability to generate approximately 100,000
Kilowatt (Kwh) of power and are spread across an area of roughly
1500 square meters. These are estimated to shrink carbon dioxide
emissions by around 89,624 tons on an annual basis.
The success of the PV program in large-scale utility
initiatives will further encourage the development of
medium-to-small scale solar projects in China. This in turn will
aid in strengthening the PV solutions business. The company
previously struck a deal with China Three Gorges New Energy Corp.
to supply 600 megawatts ("MW") of solar panels for the period
2013 to 2015 for installation works in the western China
We believe the company's prospects look promising given its
expansive businesses worldwide. With strict environmental
legislation being steadily adopted by governments around the
world, preference for solar energy is expected to rise in the
Furthermore, with a rebound in economic growth in China, solar
generation is expected to get a boost. This is backed by the
Chinese government raising the targeted solar energy capacity to
21 Gigawatt by 2015, a sharp 40% rise from 2012 level.
U.S. is a large importer of the solar energy products. The
countervailing duties ("CVD") of 15.24% and anti-dumping duties
("AD") of effectively 25.96% levied by the U.S. will have an
undesirable impact on JinkoSolar's export business. Also, rumors
of Europe following suit in terms of imposing tariff duties on
solar panels which, if implemented, could further create
headwinds for the company.
Currently, JinkoSolar Holding carries a Zacks Rank #3 (Hold).
We presently prefer Zacks Rank #2 (Buy) renewable operator
Sun Power Corporation
). Another solar player
Suntech Power Holdings Co., Ltd
) recently completed a 3.5 MW ground mounted PV system project
with Suntech panels in Saudi Arabia. The system comprised of
12,684 Suntech panels and inverters from SMA Solar Technology AG
Based in Shangrao, China, JinkoSolar Holdings through its
subsidiaries is engaged in designing, developing, producing, and
marketing photovoltaic products in China and internationally.
EATON CORP PLC (ETN): Free Stock Analysis
JINKOSOLAR HLDG (JKS): Free Stock Analysis
SUNPOWER CORP-A (SPWR): Free Stock Analysis
SUNTECH PWR HLD (STP): Free Stock Analysis
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