Jinko Solar Signs 240 MW Solar Module Supply Deal in Vietnam
15 Sep 2018
Jinko Solar, a Chinese solar module and cell manufacturer, has signed a 240 MW solar module supply agreement with Powerchina Huadong Engineering Corporation Limited for the second phase of the 420 MW Dau Tieng solar project in Vietnam.
The project is located in Tay Ninh, southwest Vietnam and is being developed by Vietnam’s Xuan Cau and Thailand’s B.Grimm Power. Powerchina Huadong is responsible for engineering procurement construction (EPC).
Earlier, Mercom reported that Thailand’s B.Grimm Power and Vietnam’s Xuan Cau have signed a development cooperation agreement for a 420 MW solar photovoltaic (PV) project located in Tay Ninh, south-west of Vietnam. The project is expected to commence operations in June 2019.
It is slated to be the largest solar power project in southeast Asia when completed.
“With the reduction of solar costs, the competitiveness of solar energy is increasing, we look forward to working closely again with POWERCHINA to participate in more outstanding solar energy projects globally,” said Gener Miao, Vice President global sales and marketing of Jinko Solar.
Leiming Shi, the vice president of Powerchina Huadong said, “A number of projects developed by Powerchina Huadong are located in countries that often experience power shortages along the ‘Belt and Road’ route. Developing a partnership with a global leader like Jinko Solar to push this project forward allows us to use their high-quality modules and leverage their mature global sales network.”
According to Mercom India Research, Jinko Solar has supplied over 1 GW of Solar PV Modules in Indian market.
Previously, Thailand’s B.Grimm Power acquired an 80 percent stake in Vietnamese firm Phu Yen TTP Joint Stock Company. It is involved in developing solar photovoltaic (PV) projects totalling 257 MW in Vietnam.