JinkoSolar Holding Co. Ltd. (NYSE: JKS) and sPower (Sustainable Power Group) jointly announced Oct. 17 details of their cooperative efforts on a new solar project in California.
According to the terms of the contract, JinkoSolar supplied nearly 115,000 of its 305W high efficiency solar photovoltaic (PV) modules to sPower for the 34-MW solar facility, which is made up of four separate projects located in the Antelope Valley in Lancaster and Victorville, California.
“This is a significant milestone for sPower – bringing online the first major group of projects after our merger with Fir Tree-backed developer Silverado Power earlier this year,” said sPower CEO Ryan Creamer. “We look forward to teaming with JinkoSolar on many more projects. Their experienced team is extremely capable, and we are pleased with the quality and performance of their PV modules.”
“The abundance of solar energy in California makes PV modules the ideal solution to fulfill local electricity needs, and JinkoSolar’s durable, high-performance modules are well suited to such a demanding environment. It is with great pleasure that we effectuate our partnership with sPower, a truly prominent player in the solar industry, on what is anticipated to be an assembly of successful solar projects,” said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc.
sPower has a 20-year power purchase agreement in place with Southern California Edison (SCE) to purchase 34 MW of clean energy output from the facilities. Swinerton Builders was the primary EPC for the project. The facilities are expected to commence operations by Nov. 30, 2014.
“Swinerton is proud to have been selected to work with the sPower and JinkoSolar team,” said George Hershman, Swinerton Renewable Energy Vice President and Division Manager.
JinkoSolar is a global leader in the solar PV industry with production operations in Jiangxi and Zhejiang Provinces in China. It has built a vertically integrated solar product value chain, with an integrated annual capacity of approximately 2 GW each for silicon ingots and wafers, solar PV cells, and solar PV modules. JinkoSolar also sells electricity solar generated in China and distributes its solar products to a diversified customer base in the global PV market, including Germany, Italy, Belgium, Spain, the United States, France, Eastern Europe, China, India, Japan, South Africa, and other countries.
Headquartered in Salt Lake City, with offices in San Francisco and New York City, sPower is a leading independent power producer (IPP) that owns and/or operates more than 130 utility and distributed electrical generation systems across the United States and the UK. With greater than a gigawatt between construction and pipeline, sPower is actively buying renewable assets in any stage of development, as well as working to acquire operating sustainable energy projects in North America and the UK. Concurrently, sPower’s land division is seeking landowner partners to develop green energy projects and landowners/developers with existing renewables assets who can benefit from liquidating current land leases. sPower is a portfolio company of Fir Tree Partners, a leading global investment fund with more than 20 years of investing history and approximately $13bn of capital under management.
Swinerton Renewable Energy offers turnkey utility-scale solar power solutions. With a photovoltaic project portfolio totaling over 400 MW and an additional 600 MW under construction, it partners with major utilities across North America to generate reliable clean power for many years to come.