JinkoSolar Delays Plans to Build Panel Factory in Brazil
- `There is still too much uncertainty and currency risks'
- JinkoSolar won order to supply 30-megawatt solar project
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JinkoSolar Holding Co., a Chinese solar manufacturer, is shelving plans to build a panel plant in Brazil as the currency slumps and the local economy languishes.
JinkoSolar imported 11 megawatts of panels for an Enel SpA solar farm in Pernambuco state and won an order to supply a 30-megawatt plant that won a contract in the last energy auction on Aug 28. Building a factory would help the company continue to expand in Brazil, which has local content rules that encourage developers to use components sourced from local suppliers.