JinkoSolar Holding Co., Ltd. JKS has signed a contract to deliver 104-megawatt (“MW”) direct current (“dc”) of photovoltaic (“PV”) solar panels to Swinerton Renewable Energy. As per the contract, the company will supply 340,000 of utility-scale, high-efficiency polycrystalline 72-cell panels. Swinerton will utilize the solar panels at the Utah Red Hills Renewable Park project.

The Utah Red Hills Renewable Park project is planned to be built at a location, which promises uninterrupted and outstanding solar exposure. Scatec Solar is the developer and a long-term owner of the project, while Swinerton will construct the same and offer suitable technologies.

Once completed, the project will produce around 210 million kilowatt-hours (“kWh”) of electricity annually. The plant is expected to power around 18,500 houses per year. In addition, it will avoid carbon dioxide emission by roughly 145 thousand tons annually.

The power output from the project will be utilized by PacifiCorp’s Rocky Mountain Power under a 20-year power purchase agreement.

JinkoSolar has a strong business alliance with Swinerton and frequently provides solar modules to the latter. The company recently stated that it will supply PV solar modules to Swinerton. Swinerton in turn will use the modules in the Red Horse 2 Wind and Solar project in Cochise, AZ.

JinkoSolar maintains a stable flow of contracts from its U.S. clients. In 2014, the company delivered over 400 MW of modules to the U.S.-based projects.

JinkoSolar is well positioned to manage mounting pressure from the U.S. Department of Commerce, which has been enforcing anti-dumping duty rates on the import of Chinese solar panels. The company recently announced its plans to build a solar cell and module manufacturing facility in Penang, Malaysia. The company plans to invest around $100 million in the construction of the plant. This initiative will enable JinkoSolar to counter challenges associated with the imposition of countervailing and anti-dumping duties.

According to a media report, in the U.S., the capacity of PV will likely grow  34% per year and reach 30 gigawatts by 2020. Apart from JinkoSolar, many of its peers JA Solar Holdings Co., Ltd. JASO, ReneSola Ltd. SOL and Yingli Green Energy Holding Co. Ltd. YGE are simultaneously trying to tap the growing U.S. solar market.

JinkoSolar currently carries a Zacks Rank #4 (Sell).