Shares of JinkoSolar (
) are up 21.3% to $6.42 after the company announced that it signed
a contract to supply WBHO-Building Energy (WBHO-BE) with 81 MW of
photovoltaic (PV) modules for a solar PV park project in South
The project will be developed, designed, constructed and
commissioned by WBHO- BE and is, so far, the largest project in
African Continent and one of the first approved under the South
African government's Renewable Energy Program.
JinkoSolar will deliver a total of 344,540 PV high quality solar
panels for the project, which is expected to generate approximately
146 GWh of power equivalent to supply electricity to 12,000
households and to reduce carbon emissions by about 145,800 tons
The project will be the largest individual PV solar plants in
South Africa upon its completion. Shipments starts in Q1 2013 and
all PV panels will have been shipped before end of Q4, 2013.
JKS is trading within a 52-week range of $2.00 - $10.20. Shares
have increased 21% in the last 12 months.
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