Bloomberg News

JinkoSolar to Supply 20 Megawatts of Panels to China State Grid

September 30, 2013

JinkoSolar Holding Co. (JKS:US), the Chinese solar manufacturer that posted its first profit (JKS:US) in almost two years, will supply 20 megawatts of modules to China State Grid Corp. for a power project in Hebei Province.

The panels, a third of the total required for the 60-megawatt facility, will be delivered to the nation’s largest power distributor in the fourth quarter, Shanghai-based JinkoSolar said in a statement today. Terms of the deal weren’t disclosed.

JinkoSolar reported second-quarter net income of 49 million yuan ($8 million) on Aug. 14, its first profit since the third quarter of 2011. It was the only profitable Chinese manufacturer in the 15-member Bloomberg Industries Large Solar Index in the second quarter.

To contact the reporter on this story: Justin Doom in New York at jdoom1@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)
    • $25.39 USD
    • -0.83
    • -3.27%
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