SHANGHAI, May 24, 2017 /PRNewswire-FirstCall/ -- JinkoSolar
Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a
global leader in the photovoltaic ("PV") industry, today announced
that in a signing ceremony held at the Emirates Palace, the
financial agreements for the debt and equity funding for the
Sweihan Solar PV Independent Power Project (the "Project") were
signed by the Abu Dhabi Water and Electricity Authority ("ADWEA"),
Sweihan Solar Holding Company Limited ("Sweihan"), a joint venture
between JinkoSolar and Marubeni Corporation ("Marubeni"), and a
syndicate of international and local banks.
The agreements closed a US$870
million financing for the Project, an 1,177 MW (DC) solar PV
project with a 25-year PPA signed with ADWEA. The Project is
expected to reach commercial operation date in April 2019.
"Today's Financial Closing is the culmination of 18 months of
hard work, determination and commitment from many people, from
multiple Abu Dhabi Government stakeholders, the international PV
investor market, the international and local lending community and
related advisors," commented H.E Abdullah
Ali Musleh Al Ahbabi, Chairman of ADWEA. "I would like to
take this opportunity to thank all those involved in making today's
milestone possible. However today's event is just the beginning.
Over the course of the next 2 years, the vision of the Sweihan PV
Project will become reality."
"The financial closing of the Sweihan Project is an important
step-forward to energize one of the largest solar power plants in
the world," commented Mr. Xiande Li,
Chairman of JinkoSolar. "We will continue to cultivate to the
successful completion, operation, and maintenance of the Sweihan
project with the highest standard, along with our partners ADWEA
and Marubeni."
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is a global leader in the solar
industry. JinkoSolar distributes its solar products and
sells its solutions and services to a diversified international
utility, commercial and residential customer base
in China, the United States, Japan, Germany,
the United Kingdom, Chile, South
Africa, India, Mexico, Brazil, the United Arab
Emirates, Italy, Spain, France, Belgium, and other countries and
regions. JinkoSolar has built a vertically integrated
solar product value chain, with an integrated annual capacity of
5.0GW for silicon ingots and wafers, 4.0GW for solar cells, and 6.5
GW for solar modules, as of December 31, 2016.
JinkoSolar has over 15,000 employees across its 6
productions facilities in Jiangxi, Zhejiang and Xinjiang
Provinces, China, Malaysia, Portugal and South
Africa, and 15 overseas subsidiaries across Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United
States, Canada,
Mexico, Brazil, Chile, Australia and South
Africa. JinkoSolar has 18 global sales offices across
China (2), United Kingdom, Bulgaria, Greece, Romania, United Arab
Emirates, Jordan,
Saudi Arabia, Kuwait, Egypt, Morocco, Ghana, Kenya,
Costa Rica, Colombia, Brazil and Mexico.
To find out more, please see: www.jinkosolar.com
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends, "plans," "believes," "estimates" and similar statements.
Among other things, the quotations from management in this press
release and the Company's operations and business outlook, contain
forward-looking statements. Such statements involve certain risks
and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Further
information regarding these and other risks is included in
JinkoSolar's filings with the U.S. Securities and Exchange
Commission, including its annual report on Form 20-F. Except as
required by law, the Company does not undertake any obligation to
update any forward-looking statements, whether as a result of new
information, future events or otherwise.
For investor and media inquiries, please contact:
In China:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: ir@jinkosolar.com
Mr. Christian Arnell
Christensen, Beijing
Tel: +86 10 5900 2940
Email: carnell@christensenir.com
In the U.S.:
Ms. Linda Bergkamp
Christensen, Scottsdale,
Arizona
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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SOURCE JinkoSolar Holding Co., Ltd.