JinkoSolar bifacial modules to power 204-MW Greek project

Chinese solar module maker JinkoSolar Holding Co Ltd (NYSE:JKS) has secured an order from German renewable project developer Juwi to equip the 204-MW Kozani solar project in Greece.

JinkoSolar said today it has signed a module supply agreement, under which the company will deliver 204 MW of Swan bifacial modules with transparent backsheet from DuPont for the solar power complex that has been developed by Juwi's Greek subsidiary Hellas Renewable Energy Sources SA. The solar project will move into construction in November 2021.

According to JinkoSolar's announcement, this will be the largest bifacial solar project ever built in Europe.

Earlier this month Greece's Hellenic Petroleum SA (ATH:ELPE) completed the purchase of the Kozani project from Juwi. The project in Western Macedonia represents an investment of around EUR 130 million (USD 153m). The new owner will finance it with funds from a recent EUR-100-million bond placement, in which the European Bank for Reconstruction and Development (EBRD) invested EUR 75 million.

Juwi's Kozani project was successful in a Greek wind and solar auction in April 2019, securing a price of EUR 0.0573 per kWh.

"The Kozani project will become Europe's benchmark for renewable energy in terms of competitively priced and subsidy-free solar power," Frank Niendorf, general manager of JinkoSolar Europe, said in the statement today.

(EUR 1 = USD 1.178)

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