Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

JinkoSolar to Supply 40 Megawatts of Panels for 8i Chile Project

Aug. 20 (Bloomberg) -- JinkoSolar Holding Co., the best-performing Chinese solar manufacturer over the past year, agreed to supply panels with 40 megawatts of capacity to solar developer 8i SA for a project in Chile.

Modules for the project in the Valparaiso region of Puchuncavi will be delivered beginning in the fourth quarter, the Shangrao, China-based company said today in a statement. Privately-held 8i expects to complete the solar farm in July. Terms weren’t disclosed.

“While there is no feed-in-tariff policy or government incentive system for utility-scale solar project in Chile, the country is experiencing a strong increase in solar energy demand,” JinkoSolar Chairman Li Xiande said in the statement.

Installations in Chile are estimated to rise to as much as 574 megawatts this year, up from 9 megawatts last year, according to Bloomberg New Energy Finance. Global demand may climb to 52 gigawatts from 40.3 gigawatts in 2013.

JinkoSolar’s American depositary receipts, each worth four ordinary shares, have more than doubled in the past 12 months, placing it fifth among peers on the Bloomberg Industries Global Large Solar Energy Index.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Jim Efstathiou Jr., Steven Frank

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.