JinkoSolar Wins Bid for 38 MW of Solar Module Supply
JinkoSolar Wins Bid for 38 MW of Solar Module Supply and Signs Agreement for the First 18 MW with China Guangdong Nuclear
SHANGHAI, September 28, 2011 / -- JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company") (NYSE: JKS) a fast-growing, vertically-integrated solar power product manufacturer based in China, today announced that it has won a bid to supply China Guangdong Nuclear Solar Energy Development Co., Ltd. (China Guangdong Nuclear, or CGN-SEDC) with 38 MW of photovoltaic (PV) modules for two grid-connected PV power plant projects planned in Dunhuang city, Gansu Province and Qinghe County in the Xinjiang Uighur Autonomous Region of China. JinkoSolar is the only solar module supplier for the two projects.
JinkoSolar entered into an agreement with China Guangdong Nuclear to supply 18 MW of PV modules for the PV power plant project in Dunhuang City on September 27, 2011, pursuant to which Jinko will make the first delivery by October 25, 2011. China Guangdong Nuclear Engineering Co., Ltd. will provide the engineering, procurement and construction (EPC) expertise for the project. JinkoSolar’s obligation to supply the remaining 20 MW of PV modules is subject to the entry into of a separate supply agreement between both parties. The two PV power plant projects are an integral part of a 128 MW large-scale ground-mounted project that stretches across Western provinces in China and is owned and operated by CGN-SEDC.
“We are honored to be working with China Guangdong Nuclear,” said Mr. Xiande Li, Chairman of the Board of Directors at JinkoSolar. “This validates our reputation as a large-scale producer of some of the highest quality solar modules available in the market today.”
“It also represents an important step forward in expanding our global footprint, especially in China where we already have significant reach in a market that is expected to grow rapidly following the nation’s new feed-in tariff announcement last month,” added Mr. Li. “We hope to build a long-term relationship with China Guangdong Nuclear and the various other players in China’s solar power plant industry. This is one of the top priorities for our global sales and marketing teams.”
About China Guangdong Nuclear
Solar Energy Development Co., Ltd. of China Guangdong Nuclear Power Group (CGN SEDC), was established in August 27, 2009. As a wholly-owned subsidiary of China Guangdong Nuclear Power Group, CGN SEDC focuses on solar power investment, construction, operation and maintenance, and is actively involved in related industries. As a market leader, CGN-SEDC plans to complete over 5000MW of on-grid solar power projects by the end of 2020. For more information about CGN-SEDC, please visit： http://www.cgnpc.com.cn/n2881959/n3673953/n3674035/n3674285/3741349.html
JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a fast-growing, vertically-integrated solar power product manufacturer with low-cost operations based in Jiangxi Province and Zhejiang Province in China and sales and marketing offices in Shanghai, China, Munich, Germany, San Francisco, U.S. and Bologna, Italy. JinkoSolar has built a vertically-integrated solar product value chain with an integrated annual capacity of 900 MW each for silicon wafers, solar cells and solar modules as of March 31, 2011. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including Italy, Germany, Belgium, Spain, the United States, France and other countries and regions.
Safe Harbor Statement
This press 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 “will,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” 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 20-F for the fiscal year ended December 31, 2010 filed with the Securities and Exchange Commission on April 25, 2011, as amended on May 10, 2011 and September 2, 2011. All information provided in this press release is as of September 28, 2011. 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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JinkoSolar Holding Co., Ltd.
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