JinkoSolar Holding Co., Ltd. ("JinkoSolar" or "the Company") (NYSE: JKS), a global leader in the photovoltaic (PV) industry, today announced it has entered into a supply agreement to be a strategic partner to Vivint Solar (NYSE: VSLR), a leading provider of distributed solar energy to residential customers in the United States.
In 2014, 1.2 GW of residential solar was installed in the U.S. making it the third consecutive year where the U.S. residential market has seen an annual growth rate of over 50%. With Vivint Solar being one of the most prominent players in the U.S. residential market and JinkoSolar a leading global PV module manufacturer, this is a partnership that will help both companies continue to provide the highest 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 Mr. Jan Newman, Vice President 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." said Mr. Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "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."
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