JinkoSolar Signs Supply Agreement for 80 MW Modules for Distributed Rooftop Projects with China Southern Power Grid Synthesis Energy
SHANGHAI, June 2, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that it has signed an agreement to supply 80 MW photovoltaic (“PV”) modules for distributed rooftop projects to China Southern Power Grid Synthesis Energy Co. , Ltd. (“CSE”).
According to the terms of the agreement, JinkoSolar will supply 80MW solar modules to CSE for a number of distributed rooftop solar projects located in Guangdong and Hainan provinces. JinkoSolar has already delivered the first shipment of PV modules.
CSE is the subsidiary of China Southern Power Grid (“CSG”) which focuses on the development of renewable energy and energy saving. CSG is one of the two largest state-owned electric utility companies in China that invests, constructs and operates power networks in Southern region of China. CSG is heavily involved in the development of clean power generation especially solar power and has become one of the leading distributed solar project developers in South China.
"We are delighted to work with CSE, a company that recognizes JinkoSolar for its product quality and market reputation," commented Mr. Xiande Li, Chairman of JinkoSolar. "We are optimistic about the development of distributed solar projects in China with the strong support from National Energy Administration. With the domestic market in transition from ground-mounted to distributed solar projects, we are glad to work with CSE to jointly promote the development of distributed generation and to optimize energy mix in China. "
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 3 GW for silicon ingots and wafers, 2.0 GW for solar cells, and 3.5 GW for solar modules, as of March 31, 2015. JinkoSolar also sells electricity in China, and has connected approximately 617 MW of solar power projects to the grid, as of March 31, 2015.
JinkoSolar has over 15,000 employees across its 5 productions facilities in Jiangxi and Zhejiang Provinces, China, Malaysia, Portugal and South Africa, 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 11 oversea subsidiaries in Germany, Italy, Switzerland, the United States, Canada, Australia, Singapore, Japan, India, South Africa and Chile.
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 JinkoSolar related investor and media inquiries, please contact:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21 6061 1792