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.
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