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JinkoSolar Awarded 20 MW Contract

September 30, 2013

They may not have been awarded the entire project, but at least JinkoSolar (JKS :NYSE) was awarded one third of it. JinkoSolar will be supplying 20 megawatts (MW) of solar modules to State Grid Corporation of China.

JinkoSolar’s 20 MW is part of a 60 MW phase of a much larger project. The overall project will feature 500 MW of wind power, 100 MW of solar power, and a 110 MW power storage system. The overall project is supposed to serve as a platform for scientific research and a model for renewable energy projects.

JinkoSolar has to feel pretty good about being selected by the State Grid Corporation of China. They must believe the solar manufacturer, unlike some of its domestic competition, will be around to deliver the solar modules in Q4 2013.

Shares of the high flying JinkoSolar were down .22 percent in afternoon trading.

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