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JinkoSolar Partners with Tsinghua University for Dream Grid Plan - Analyst Blog

Posted: 7/8/2014 12:10:00 PM
Referenced Stocks: SOL;JKS;CVA;YGE

JinkoSolar Holding Co., Ltd. ( JKS ) announced that it will act as the sole photovoltaic (PV) facility supplier for the 'Dream Grid' Plan, initiated by the Department of Electronic Engineering of Tsinghua University, China.

JinkoSolar plans to construct a mobile signal tower and a micro-grid system. The project site is located in Gonggashan, Kangding County, Ganzi Tibetan Autonomous Prefecture in Sichuan Province.

The objective of the 'Dream Grid' Plan is to provide opportunities to the students of Tsinghua University to offer clean and sustainable energy to Gonggashan center school and Gonggasha Yulong West Village School in the Tibetan-inhabited areas of Sichuan Province.

Past records show that JinkoSolar had entered into such joint-exercises earlier also. In Dec 2013, the company had announced that it will partner with Beijing University's Solar Power Engineering Center to build the latter's first experimental PV power plant on the university campus. The purpose of the project was to collect and evaluate data on the power generation capabilities of PV modules.

Going forward, JinkoSolar plans to execute more university-industry tie-ups, research development projects, joint training as well as corporate social responsibility programs to cultivate fresh talent.

Globally, the demand for renewable energy is gradually rising primarily on the back of growing awareness among the masses about its benefits. As solar energy is a major alternative energy resource, JinkoSolar and other solar product manufacturers like ReneSola Ltd. ( SOL ) are currently expanding their operations to take advantage of the fast growing market.

It is evident from JinkoSolar's order book that its solar products are finding its way in projects ranging in size from a few kilowatts to multi-megawatts in markets across the globe. The Chinese solar PV market is also gradually evolving as favorable policy environment aims to meet growing energy requirements from green sources. In Apr 2014, JinkoSolar connected two solar PV projects to the grid in Jiangsu Province in China.

JinkoSolar currently has a Zacks Rank #3 (Hold). However, some better-ranked stocks in the sector include Covanta Holding Corporation ( CVA ) and Yingli Green Energy Holding Co. Ltd. ( YGE ). While Covanta carries a Zacks Rank #1 (Strong Buy), Yingli Green holds a Zacks Rank #2 (Buy).

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