JinkoSolar Announces Additional 100 MW Solar Module Supply Agreement with Enfinity
SHANGHAI, Oct 20, 2010 /PRNewswire via COMTEX/ --
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a fast-growing solar product manufacturer with low-cost operations based in China, today announced that it has signed a supply agreement with Enfinity Asia Pacific Limited which is wholly owned by Enfinity N.V. ("Enfinity"), a global renewable energy developer. Under the terms of the agreement, JinkoSolar will supply Enfinity with 100 megawatts ("MW") of JinkoSolar branded solar photovoltaic ("PV") modules throughout the year of 2011.
Gino Van Neer, Enfinity's Asia-Pacific Chief Executive Officer, commented, "We are very pleased to have extended our partnership with JinkoSolar as the company has continuously delivered superior quality modules, timely product deliveries and excellent after sales services. Our long-term cooperation with JinkoSolar is an important part of our success, as its modules will be utilized in several of our solar projects in Europe and North America."
"Following the first contract with Enfinity in the early second half of 2010, this additional contract is the result of our continuous commitment in providing high-quality modules and dedicated after sales services to our customers," said Xiande Li, Chairman of the Board of Directors at JinkoSolar. "We are very pleased that Enfinity has recognized our efforts and chosen JinkoSolar branded modules for its additional global solar projects. We believe this further cooperation will enhance JinkoSolar's business expansion efforts and worldwide presence while enabling both companies to attract new opportunities."
Enfinity is one of the largest companies within the renewable energy sector and focuses on three main areas: project development (review of project viability), feasibility study and procuring investment funds and project construction, including post-construction asset management. Enfinity has already installed more than 200 MW solar PV projects worldwide and is currently developing, building and financing solar PV projects with a total capacity of 2.8 gigawatts. Enfinity's 2009 revenues topped more than US$300 million, and it has recently consolidated its international position as a global player with a $64 million investment from Waterland as well as an additional US$57 million of capital raised to accelerate its strategic expansion. For more information, visit http://www.enfinitycorp.com .
About JinkoSolar Holding Co., Ltd.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a fast-growing solar product manufacturer with low-cost operations based in Jiangxi Province and Zhejiang Province in China. JinkoSolar has built a vertically integrated solar product value chain from recovered silicon materials to solar modules. JinkoSolar's principal products are silicon wafers, solar cells and solar modules. As of December 31, 2009, JinkoSolar had an aggregate of more than 440 silicon wafer, solar cell and solar module customers from China, Hong Kong, Taiwan, the Netherlands, Germany, the United States, India, Belgium, Singapore, Korea, France, Spain and Israel and other countries or regions. For more information about JinkoSolar, please visit http://www.jinkosolar.com .
Forward Looking Statements
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 involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks outlined in the Company's public filings with the Securities and Exchange Commission, including the Company's registration statement on Form F- 1, as amended. All information provided in this press release is as of October 20, 2010. Except as required by law, the Company 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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