JinkoSolar inks agreements with two prominent U.S. residential solar companies

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JinkoSolar Holding Co., which distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base throughout the world, announced two separate U.S.-based agreements:

1) A memorandum of understanding with Andalay Solar, Inc., whereby JinkoSolar intends to license and manufacture solar modules using Andalay’s Instant Connect frame technology.

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2) A supply agreement to be a strategic partner to Vivint Solar, a provider of distributed solar energy to residential customers in the United States.

Andalay

With existing residential market demand for the Andalay compatible solution, this new offering will be a valuable addition to JinkoSolar’s current module line up offering. Founded in 2001, Andalay is a designer and manufacturer of integrated solar power systems, known largely for integrating the racking, wiring and grounding directly into a solar panel. The company says its AC solar panel reduces the number of components for a rooftop solar installation by approximately 80% and lowers labor costs by approximately 50%.

JinkoSolar will be offering a 60 cell polycrystalline solution equipped with a black Andalay frame, which has passed the UL1703 Type 1 Fire Classification. This high efficiency module will be made available specifically for the residential market, supporting JinkoSolar’s strong development in this sector. JinkoSolar is targeting to offer the new Jinko-branded modules in the second half of the year.

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“We have been rapidly expanding our sales in the U.S. residential market this year, and we are very optimistic that the differentiated solution presented by the Andalay compatible modules will support our growth,” said Nigel Cockroft, general m,anager of JinkoSolar (U.S.) Inc. “With the current trend and success of rail-less mounting hardware in the residential segment, we are pleased to provide our customers with more options, such as the Andalay compatible solution, for mounting JinkoSolar modules on their roofs.”

Vivint Solar

With Vivint Solar being one of the most prominent players in the U.S. residential market, this is a partnership that will help both companies continue to provide quality solar systems and services available.

JinkoSolar’s high efficiency modules will be made available to Vivint Solar’s customer base, allowing both companies to contribute to the exponential growth in the residential solar space in the U.S.

“Securing our relationship with JinkoSolar is a decision that we are confident in,” said Jan Newman, VP of business development at Vivint Solar. “We are always looking to support and join with innovators and companies that we know will provide the most value to our solar customers.”

“We are proud to be supplying our high efficiency modules to Vivint Solar, and we gained the trust from Vivint Solar by our stable financial condition.” Cockroft said. “We believe this strategic relationship with Vivint Solar will support our overall goal of making solar more accessible to American homeowners, increasing clean energy generation in the U.S. The signing of this supply agreement will further solidify our strategic relationship enabling us both to grow rapidly, while providing valuable, affordable technology to the solar industry and our customers.”

Vivint Solar’s customers pay little to no money upfront, receive significant savings relative to utility generated electricity and continue to benefit from guaranteed energy prices over the 20-year term of their contracts

 

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