JinkoSolar receives 38.4-MW PV module order in Japan
Solar park in Japan. Author: Minoru Karamatsu. License: Creative Commons.
Chinese solar manufacturer JinkoSolar Holding Co Ltd (NYSE:JKS) said on Thursday it will ship 38.4 MW of photovoltaic (PV) modules for a project on the southern Japanese island of Hokkaido.
The contract was awarded by Japanese industrial equipment maker Fuji Electric Co Ltd (TYO:6504). It calls for the installation of JinkoSolar modules at a site in Tomakomai. The particular project also includes the deployment of a 10-MWh energy storage system.
JinkoSolar expects to deliver the PV panels in the period July-November 2017. The plant is seen to be hooked to the grid next year. It will benefit from a feed-in tariff (FIT) rate of JPY 40 (USD 0.36/EUR 0.32) per kWh.
The announcement says that this project is financed via Tokumei Kumiai investments by Japanese institutional investors, Germany-based Aquila Capital and Green Power Development Corporation of Japan.