Solar supply chain deal to spur U.S. installations

The solar power industry in the U.S. is set to take off in 2011 as states increasingly set aggressive renewable energy goals. In an effort to spur solar panel installations and improve its business efficiency, Premier Power Renewable Energy recently announced that it entered into a supply chain agreement with JinkoSolar Holding Co. to supply solar modules.

The deal is a major breakthrough for the domestic solar power industry and ensures that Premier Power's business operations do not suffer because of supply chain disruptions. JinkoSolar, based in China, will supply the solar company with crystalline solar modules that are more efficient and lighter-weight than most models on the market; JinkoSolar is known for its streamlined manufacturing operations and maintains it will ensure prompt delivery of the solar panels.

Yvonne Young, the head of investor relations for JinkoSolar, said that the deal would help the U.S. solar market: "In combination with Premier Power’s strong system integration service, this project will help to contribute to the growth of the U.S. solar market in 2011." JinkoSolar is currently a solar leader in its native China, along with countries throughout Western Europe and the move will help it to establish a solar presence in the world's biggest economy.