JinkoSolar to Supply 104 MW dc of PV Solar Modules for Utah Red Hills Renewable Park Project in the US
SHANGHAI, March 25, 2015--JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it will supply 104 MW dc of PV solar panels for the Utah Red Hills Renewable Park project.
JinkoSolar will deliver over 340,000 of its utility-scale, high-efficiency polycrystalline 72-cell panels to the Utah Red Hills Renewable Park though a contract with Swinerton Renewable Energy. Scatec Solar, the project’s developer and a long-term owner, hired Swinerton Renewable Energy to construct the plant and procure the appropriate technologies.
The Utah Red Hills Renewable Park, set to be built on a site with excellent solar irradiation, will generate around 210 million kilowatt hours (kWh) of electricity per year, which will be fed into the grid under a twenty-year Power Purchase Agreement (PPA) with PacifiCorp’s Rocky Mountain Power, according to the utility’s obligation under the federal Public Utility Regulatory Policies Act. Based on EPA estimates, it will power approximately 18,500 homes and prevent nearly 145 thousand tons of carbon dioxide emissions annually.
“We are thrilled to be a part of this large project,” said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. “The Red Hills project is a true testament of the positive progression in the sustainable energy industry, which JinkoSolar is proud to support.”
“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 the Parowan residents. Utah Red Hills Renewable Park is a great project for the city of Parowan 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.
“Scatec Solar is proud to bring on experienced partners and proven technologies to build a project that will deliver clean and reliable energy to the residents of Utah,” said Mr. Luigi Resta, Managing Director of Scatec Solar North America. “Our team on the ground is excited to be building the first utility-scale PV project in a state with such incredible solar potential.”
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 subsidiaries 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 4 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 over 500 MW installed, Swinerton Renewable Energy offers turnkey solar power solutions for utility-scale and distributed-generation projects, including EPC services and 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 Scatec Solar
Scatec Solar is an integrated independent power producer, aiming to make solar a sustainable and affordable source of energy worldwide. Scatec Solar develops, builds, owns and operates solar power plants and delivers power from 220 MW in the Czech Republic, South Africa and Rwanda. The company is in strong growth and has a solid pipeline of projects under development in Africa, Middle East, Americas, Asia and Europe. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'. For more on Scatec Solar, please visit www.scatecsolar.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.
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JinkoSolar Holding Co., Ltd.
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