Menlo Electric and JinkoSolar have announced a strategic partnership to advance renewable energy initiatives.
Menlo Electric, an international distributor of photovoltaic solutions, plans to integrate an additional 1GW of JinkoSolar’s PV modules over the next year. This collaboration builds on Menlo Electric’s previous integration of 1GW of JinkoSolar modules, solidifying its position as a top distributor of JinkoSolar products in the MENA region.
JinkoSolar will provide high-performance solar modules to support Menlo Electric’s portfolio of international energy infrastructures.
In addition, JinkoSolar has recently announced two more joint ventures.
The announcements explain that JinkoSolar’s indirectly majority-owned subsidiary, JinkoSolar Middle East DMCC, has entered into a shareholders agreement with green manufacturer Renewable Energy Localisation Company (RELC), a wholly-owned subsidiary of the Public Investment Fund.
The agreement also includes Vision Industries Company, a leading investor and developer of green energy industrial projects in Saudi Arabia. Jinko Middle East, RELC, and Vision Industries will respectively hold 40%, 40%, and 20% equity interest in the joint venture.
