JinkoSolar to Supply 75 MWdc of PV Solar Panels to Red Horse 2 Wind and Solar Project in the US
SHANGHAI, March 20, 2015 -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that it will supply 75 MWdc of its PV solar modules to Swinerton Renewable Energy for the Red Horse 2 Wind and Solar project in Cochise, Arizona.
This large project, which was acquired by an affiliate of D. E. Shaw Renewable Investments, L.L.C. (DESRI) in August 2014, will utilize 248,750 of JinkoSolar’s high-efficient 72-cell polycrystalline solar panels. Swinerton Renewable Energy will develop and construct the project, in addition to providing ongoing operations and maintenance services to the facility. The hybrid wind and solar project is expected to power approximately 13,500 homes upon its completion.
“JinkoSolar is excited to work with Swinerton Renewable Energy and DESRI on another large-scale project. The Red Horse 2 project is a true example of the advancement of renewable energy in the United States and we are proud to be an integral part of the growing clean energy industry,” said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. “This adds to our growing list of projects in the United States. We delivered over 400 MW of modules to US projects in 2014, and in 2015 have so far signed U.S. contracts to supply an additional 750MW. The US has become the second largest market for JinkoSolar after China.”
“Swinerton is excited to continue our successful partnership with JinkoSolar—an innovative leader in the Solar Industry—and to bring jobs and years of clean power to Arizona residents. Red Horse 2 is an exciting solar and wind project and we couldn’t be more eager to work with this team,” commented Mr. George Hershman, Vice President and Division Manager of Swinerton Renewable Energy.
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 2.5 GW for silicon ingots and wafers, 2.0 GW for solar cells, and 3.2 GW for solar modules, as of December 31, 2014. JinkoSolar also sells electricity in China, and has connected approximately 500 MW of solar power projects to the grid, as of December 31, 2014.
JinkoSolar has over 13,000 employees spread across its 11 global branch offices in Germany, Italy, Switzerland, the United States, Canada, Australia, Singapore, Japan, India, South Africa and Chile; 12 global sales offices in China, Spain, the United Kingdom, the United Arab Emirates, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Brazil, Costa Rica and Mexico; and four productions facilities in Jiangxi and Zhejiang Provinces, China, Portugal and South Africa.
To find out more, please see: www.jinkosolar.com
About Swinerton Renewable Energy
With over 3 GW of power generation and 750 MW of solar power expertise, Swinerton Renewable Energy offers turnkey solar power solutions for utility-scale and distributed-generation projects, including EPC and O&M services, warranty wraps, performance guarantees, and its industry-leading monitoring and SCADA platform, SOLV®. Recognized nationally since 1888, Swinerton is the preferred builder and trusted partner in every market it serves—proudly leading with integrity, passion, and excellence. For more information on Swinerton Renewable Energy visit their blog or follow them on Twitter.
About D. E. Shaw Renewable Investments, L.L.C.
D. E. Shaw Renewable Investments (DESRI) and its affiliates acquire long-term contracted renewable energy assets in North America. DESRI is a member of the D. E. Shaw group, a global investment and technology development firm with approximately $36 billion in investment capital as of March 1, 2015 and offices in North America, Europe, and Asia.
Please visit www.deshaw.com for more information about the D. E. Shaw group.
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:
JinkoSolar Holding Co., Ltd.
Tel: +86 21-6061-1792