Aldo signs 600 MW deal to distribute JinkoSolar modules in Latin America

May 30 (Renewables Now) — Chinese solar module maker JinkoSolar Holding Co Ltd (NYSE: JKS) has reached an agreement to distribute approximately 600 MW of photovoltaic (PV) modules in Latin America.

The agreement was signed between JinkoSolar’s main operating subsidiary, Jinko Solar Co Ltd, and Brazilian company Aldo Solar, a solar distributor with a 30% share of the domestic distributed generation (DG) segment. JinkoSolar said Friday that the arrangement will see the Brazilian company bring its Tiger Neo family of N-type modules to the Latin American market.

The new line modules will be offered by Aldo in presale from July. They will first be available in Brazil, according to the statement.

“I’m sure in the next two or three years this will be the main panel technology available on the market,” said Aldo Founder and CEO Aldo Teixeira.

Late last year, JinkoSolar and Aldo signed an agreement for the distribution of 2 GW of Tiger Pro panels for DG projects in Brazil. The Chinese company went on to say the deal was the largest distribution deal for DG ever signed by its main operating subsidiary outside of China.

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