JinkoSolar (JKS, Financial) shares experienced a notable increase, rising by 2.71% to $23.675. This uptick follows the company's announcement of a significant contract with ACWA Power, a Saudi international power and water company, to supply approximately 3GW of N-type TOPCon photovoltaic modules for the Saudi PIF4 project.
JinkoSolar and ACWA Power have collaborated on several photovoltaic projects over the years, building a robust portfolio of successful ventures. Earlier this year, the two companies entered into a comprehensive framework agreement, setting the stage for this recent contract. The agreement aims to expand their partnership to support global photovoltaic projects and promote the development of green energy worldwide.
