JinkoSolar PV Projects Connected to the Grid Reach 100MW
JinkoSolar PV Projects Connected to the Grid Reach 100MW 20MW and 10MW Solar PV Projects Connected in Xinjiang and Qinghai Province
Shanghai, China, September 12, 2013 -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that its 20MW solar PV power plant project in Shaya, Xinjiang Province and 10MW solar PV power project in Gonghe, Qinghai Province have been successfully passed the acceptance inspection conducted by the national grid. The company has so far successfully connected to the grid for more than 100MW of solar PV power projects.
The Shaya power plant is the company’s first project located in Xinjiang Province’s arid desert region. Located in Shaya Industrial Park in Shaya, Xinjiang Province, the solar power plants covers an area of 546,667m2 comprising of approximately 80,000 JinkoSolar high-efficiency poly-crystalline solar modules. The Gonghe power plant is located on the Tibetan Plateau in Gonghe County, Qinghai Province where it receives abundant sunlight for approximately 2,640-3,036 hours annually. The project comprises of approximately 40,000 JinkoSolar 250W poly-crystalline solar modules. The company deployed two professional operating & maintenance teams to monitor and maintain the plants 24 hours a day, 7 days a week.
“Xinjiang’s Shaya region and Qianghai’s Gonghe County are rich in sunshine making solar power plant the ideal solution for electricity production. High-efficiency, reliability and quality aid JinkoSolar products in resisting the severe environments of these regions.” commented Mr. Kangping Chen, JinkoSolar’s CEO. “In 2013 China’s domestic solar industry has experienced a surge in development as a result of the support and guidelines issued by the Chinese government and the implementation of feed-in-tariff. China’s downstream market is gradually maturing as developers, investors and financial institutions are increasingly concerned about the quality, performance and reliability of the PV power plants, especially large-scale PV power plant projects that require heavy capital investment. Only quality and sustainable long-term output of the power can ensure the future return on the investment. We are pleased to announce this milestone and aim to have more than 200MW projects connected to the grid by the end of this year, then have aggregate amount of more than 500MW by the end of 2014, generating approximately 630Gwh of electricity and RMB590 million in revenue in 2014. With favorable government policies, the completion of the Shaya and Gonghe projects marks the beginning of an exciting period where we expect to successfully develop further downstream projects and generate solid returns.”
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), 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 1.5 GW each for silicon ingots and wafers, solar PV cells and solar PV modules as of June 30, 2013. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including Germany, Italy, Belgium, Spain, the United States, Canada, France, Eastern Europe, Australia, China, India, Japan, South Africa and other countries and regions.
Safe Harbor Statement
This news release may contain 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 "anticipates," "believes," "estimates," "expects," "future," "intends," "plans," "will," and similar statements. Such statements involve inherent 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 public filings with the Securities and Exchange Commission, including its annual report on Form 20-F for the year ended December 31, 2012 filed with the Securities and Exchange Commission on April 30, 2013, as amended on May 23, 2013. Except as required by law, JinkoSolar undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
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