A leading global solar photovoltaic ("PV") power product
JinkoSolar Holding Co., Ltd.
) has supplied high-efficient solar PV modules for the first
private solar park in India. The modules have a total electric
generation capacity of 25.8 megawatt (MW).
This solar park is located in Solapur District, Maharashtra. The
park is developed by Enrich Energy Pvt Ltd. under the Average
Pooled Purchase Cost and Solar Renewable Energy Certificates
Mechanism. Enrich Energy is engaged in developing large scale
private solar parks in India. The high efficiency,
polycrystalline solar modules from JinkoSolar are economical in
the sense that they cut down on the use of land, providing both
reliable and clean solar power as compared to its peers.
JinkoSolar's modules are now finding their way in the fast
developing Indian energy market. Last month, JinkoSolar completed
the supply of 5 MW modules to Sunkon Energy (P) Ltd's PV solar
project. Located in Gujarat, India, Sunkon Energy develops,
finances, constructs, owns, and operates utility-scale solar PV
Like JinkoSolar, other solar companies in the space are also busy
supplying their products to India. In Nov 2012,
) brought its new Virtus II multi crystalline modules to the
Indian market at the sixth Renewable Energy India 2012 Expo, held
in New Delhi. Also, the company has started providing PV modules
produced in its local market to the Indian market. Considering
the pace of demand for PV modules, ReneSola intends to provide
250 MW of India-made ReneSola modules over a two-year period to
the Indian market.
JinkoSolar is also busy expanding its footprint all over the
world by supplying its panels and modules. In April this year,
the company supplied 804 kilowatt (KW) of highly efficient solar
panels for a rooftop PV solar installation located in Murcia,
Spain. Other companies that are also in the geographical
expansion race are
Canadian Solar Inc.
LDK Solar Co. Ltd.
). In February this year, Canadian Solar inked an agreement for
the supply of 85 KW of solar PV modules to Tanzania-based, Zara
Solar. LDK Solar clinched a large-scale contract for the delivery
of 63 megawatts MW of PV modules to Thailand's premier developer
of PV projects, EA Solar Nakornsawan Co., Ltd in April.
Recently, JinkoSolar reported first quarter 2013 results with an
adjusted loss per American Depositary Share of 56 cents, narrower
than the Zacks Consensus Estimate of a loss of $1.66 per share.
Loss was also well below the year-ago adjusted loss per ADS of
$2.36. The results reflect a diversified customer base and
improvement in operational efficiency in a rapidly changing solar
With its expanding footprint and its diversified business, we
expect the company to continue to continue to perform well. The
company presently retains a short-term Zacks Rank #2 (Buy).
CANADIAN SOLAR (CSIQ): Free Stock Analysis
JINKOSOLAR HLDG (JKS): Free Stock Analysis
LDK SOLAR CO (LDK): Free Stock Analysis
RENESOLA LT-ADR (SOL): Free Stock Analysis
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