JinkoSolar to Supply 21.4 MW of Solar PV Modules for Project in Gujarat, India
SHANGHAI, December 3, 2014 /PRNewswire-Asia/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that it has supplied 21.4MW of solar PV modules to Harsha Abakus Solar Pvt. Ltd. (“Harsha Abakus”), a solar energy solutions provider and a subsidiary of Harsha Engineers Group, for a ground mounted solar PV project in Gujarat, India.
Located in Charanka, Gujarat, which is one of the highest solar irradiation zones in India, the project deploys seasonal tracking technology to improve plant performance. The project is expected to generate approximately 34.24 million kWh of electricity and remove 30,000 tons of CO2 annually. Once connected to the grid, the solar plant will be one of the first solar parks commissioned under the Jawaharlal Nehru National Solar Mission Phase II Batch I with a fixed PPA rate. The project will be jointly owned by Gujarat State Electricity Corporation Limited and Gujarat Power Corporation Limited.
“With over four decades of operations in Gujarat, Harsha Abakus has sound operational track record,” commented Mr. Xiande Li, Chairman of JinkoSolar. “JinkoSolar is selected as a partner due to our solid brand reputation and excellent product quality. We share a common commitment to developing clean energy with Harsha Abakus, and view this project and the local Indian Government’s support as a tremendous opportunity for us to grow our business in India and help diversify the country’s energy mix.”
About JinkoSolar Holding Co., Ltd.
JinkoSolar is a global leader in the solar 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 and Osaka; Japan and Cape town, South Africa; Santiago, Chile.
JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 2.3 GW for silicon ingots and wafers, 1.8 GW for solar cells, and 2.8 GW for solar modules, as of September 30, 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, South America 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.