JinkoSolar Holding Co. (JKS:US), the Shangrao, China-based panel manufacturer, agreed to deliver 115 megawatts of modules for two power projects in South Africa.
JinkoSolar is supplying “a well-recognized solar project developer” that wasn’t named in a statement today.
The solar farms will be 75 megawatts and 40 megawatts, and the buyer may purchase more panels for other projects during the next three years.
JinkoSolar American depositary receipts, each worth four ordinary shares, fell 4 percent to $4.04 at the close in New York.
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