http://finance.yahoo.com/news/jinkosolar…-090000535.html
200 MW plant JV with SOE at 1.6 $/W investment. We see more and more of these JVs between panel suppliers and BOS suppliers. It takes some cash flow toll, since the revenue for your panels is basically a stake in a plant instead of cash, but it's a good way to generate revenue from current business structure while changing the future structure to more recurring or higher revenue as a plant owner or seller.
Big plant nice cost. At that level if they get 13 cents per kwh the plant generates 12% IRR assuming average globe insolation.
It's a quicker and more free buck if you can sell panels for cash in high ASP countries like Japan and USA though.
Wednesday, January 16th 2013, 2:18pm
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