JinkoSolar (NYSE: JKS) Wins 100MW Projects in Chile

Brian Hicks

Written By Brian Hicks

Posted May 2, 2014

Chinese solar energy company JinkoSolar announced on Friday that it has scored two contracts in Chile which amount to 100 MW of photovoltaic modules.

The two projects are located in the Atacama Desert, which JinkoSolar says has some of “the highest irradiation levels in the world.” One installation will provide 60 MW and use 197,000 JinkoSolar modules, generating about 132 million kilowatt hours per year. The other will be a 40 MW plant that will generate approximately 88 million kilowatt hours per year.

JKS hit a double top in the beginning of 2014 with the resistance point just above $36, and it has been trending slightly downward since the beginning of March, as the Solar space took an overall dip. Shares closed yesterday at 27.35, still closer to the 52 week high than the low.

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