JinkoSolar Holding Co. Ltd. (NYSE: JKS) announced March 20 that it will supply 75 MW (dc) of its photovoltaic solar modules to Swinerton Renewable Energy for the Red Horse 2 Wind and Solar project in Cochise, Arizona.
This project, which was acquired by an affiliate of D. E. Shaw Renewable Investments LLC (DESRI) in August 2014, will utilize 248,750 of JinkoSolar’s high-efficient 72-cell polycrystalline solar panels. Swinerton Renewable Energy will develop and construct the project, in addition to providing ongoing operations and maintenance services to the facility.
“JinkoSolar is excited to work with Swinerton Renewable Energy and DESRI on another large-scale project. The Red Horse 2 project is a true example of the advancement of renewable energy in the United States and we are proud to be an integral part of the growing clean energy industry,” said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. “This adds to our growing list of projects in the United States. We delivered over 400 MW of modules to US projects in 2014, and in 2015 have so far signed U.S. contracts to supply an additional 750 MW.”
“Swinerton is excited to continue our successful partnership with JinkoSolar – an innovative leader in the Solar Industry – and to bring jobs and years of clean power to Arizona residents. Red Horse 2 is an exciting solar and wind project and we couldn’t be more eager to work with this team,” said George Hershman, Vice President and Division Manager of Swinerton Renewable Energy.
DESRI had announced Jan. 9 that ground had been broken at the site of the Red Horse 2 wind and solar project. Torch Renewable Energy (TRE) began developing the 71-MW (ac) project in 2011 and secured its power purchase agreement with Tucson Electric Power in February 2013. DESRI provided development funding to the project in December 2013 and jointly completed its development with TRE over the subsequent eight months. DESRI subsequently acquired the project in August 2014. The project combines Vestas V110 wind turbines with JinkoSolar PV panels and Advanced Energy inverters.
JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions.
With over 3 GW of power generation and 750 MW of solar power expertise, Swinerton Renewable Energy offers turnkey solar power solutions for utility-scale and distributed-generation projects.
D. E. Shaw Renewable Investments and its affiliates acquire long-term contracted renewable energy assets in North America. DESRI is a member of the D. E. Shaw group, a global investment and technology development firm with approximately $36 billion in investment capital as of March 1, 2015, and offices in North America, Europe, and Asia.