Chinese solar photovoltaic (PV) power product manufacturer
JinkoSolar Holding Co., Ltd.
) has delivered 304 kilowatts (kW) high-efficient solar PV
modules for a project in South Africa.
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Johannesburg-based roof-mounted PV Solar plant was built by the
German firm Soventix GmbH. Over 1,200 units of PV modules have
provision to generate roughly 443,840 Kilowatt-hour (kWh) of
electricity annually and reduce emission of carbon dioxide by 72
tons per year.
JinkoSolar has a longstanding relationship with the South African
firms. In Apr 2013, the company entered into an agreement with a
solar project developer to supply a total of 115 megawatts (MW)
of high-efficient solar panels.
Earlier, the Chinese solar product manufacturers generated major
chunk of their revenues from the U.S. market. Currently, the U.S.
government in a move to encourage domestic players levied
countervailing duties of 15.24% and anti-dumping duties of
effectively 25.96% on Chinese solar products. These initiatives
will take a severe toll on the businesses of the Chinese solar
power product manufacturers in North America.
U.S. solar markets are gradually becoming less lucrative for the
Chinese solar module manufacturers. Currently, most of the
Chinese players are expanding their footprint in African, Asian
and Middle East markets.
In Jun 2013, JinkoSolar 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 MW. Other companies
that are also in the geographical expansion race are
Canadian Solar Inc.
LDK Solar Co. Ltd.
Shangrao, China-based JinkoSolar engages in designing, producing
and marketing PV products in the Chinese and overseas markets.
The company currently has a Zacks Rank #2 (Buy).