Bloomberg News

JinkoSolar Panels to Power Plant at South African Mine

August 31, 2012

JinkoSolar Holding Co. (JKS:US), a Chinese solar-panel manufacturer, will supply 1 megawatt of panels to a chrome mine in South Africa’s Limpopo province, reducing its daytime use of diesel generators.

Solea Renewables will design and build the plant using 4,170 of JinkoSolar’s polycrystalline photovoltaic panels, the Shangrao-based company said in a statement today. The plant is being built on a site owned by Cronimet Energy SA and will be done by late October, according to a separate statement from Johannesburg-based Solea Renewables.

With increasing demand for raw materials, mines face power constraints because of capacity limitations at Eskom Holdings SOC Ltd., South Africa’s state-owned electricity utility, Vusi Mhlanzi, director of Solea Renewables, said in the statement.

Solar plants “reduce the ever present and increasing energy demand Eskom faces” and provide “a natural long-term hedge against all rising costs of power,” Mhlanzi said.

JinkoSolar sees opportunity in South Africa, with its increasing population, strong economic growth and abundant sunlight, Kangping Chen, its chief executive officer, said in the statement.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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Companies Mentioned

  • JKS
    (JinkoSolar Holding Co Ltd)
    • $24.76 USD
    • 0.13
    • 0.53%
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