SHANGHAI, Aug. 22, 2014 /PRNewswire-FirstCall/ --
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:
JKS), a global leader in the solar PV industry, today
announced that JinkoSolar Power Co., Ltd.("Jinko Power"), a subsidiary of the Company has
signed project investment agreements with the local government of
Hengfeng county in Jiangxi
Province to develop totally 100 MW PV projects. Jinko Power will own the projects and will
manage the project investment and EPC as well as operations and
maintenance.
According to the terms of the agreement, Jinko Power will invest approximately
RMB 800 million for the projects, and
the project will receive subsidies of RMB1.2 per kWh. Construction has begun in the
third quarter and is expected to complete in the fourth quarter of
this year. After the completion, those projects will generate
around 110 million kWh electricity annually, generating
approximately RMB132 million revenue
per year.
"Our power plant development has traditionally been in
northwestern China but is now
gradually moving towards China's
southern and eastern coasts resulting in a more balanced geographic
mix," commented Mr. Xiande Li,
Chairman of JinkoSolar. "By diversifying the geographic mix of our
downstream business, we are working to maintain our leading
position in the industry. Each year, the development of projects in
western China is impacted by the
region's severe cold winter. Weather in China's East and South however, is much more
moderate by comparison. By continuously enhancing our cooperation
with local governments, as well as our excellent development
capabilities, JinkoSolar has built an extensive project pipeline.
Our strong financial position and technological know-how will allow
us to construct projects all year round. With these agreements, we
will provide clean energy, create local job opportunities, improve
the environment, and contribute to local economic development."
About JinkoSolar Holdings Co., Ltd.
JinkoSolar is a global leader in the solar PV industry with
production operations in Jiangxi
and Zhejiang Provinces in China
and sales and marketing offices in Shanghai and Beijing, China; Munich, Germany; Bologna, Italy; Zug, Switzerland; San
Francisco, the United
States; Queensland,
Australia; Ontario, Canada;
Singapore; Tokyo, Japan and Cape town, South
Africa.
JinkoSolar has built a vertically integrated solar product value
chain, with an integrated annual capacity of approximately 2.0 GW
each for silicon ingots, wafers and solar cells and approximately
2.1 GW for solar modules, as of March 31,
2014. JinkoSolar sells electricity in China and distributes its solar products to a
diversified customer base in the global PV market, including
Germany, Italy, Belgium, Spain, the United
States, Eastern Europe,
China, India, Japan,
South Africa, and other countries
and regions.
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 6061 1792
Email: ir@jinkosolar.com
Mr. Christian Arnell
Christensen
Tel: +86 10 5900 1548
Email: carnell@christensenIR.com
In the U.S.:
Mr. Jeff Bloker
Christensen
Tel: +1 480 614 3003
Email: jbloker@christensenIR.com
SOURCE JinkoSolar Holding Co., Ltd.