JinkoSolar to Supply 5MW of Solar Modules to Sunkon Energy in India
SHANGHAI, May 29, 2013, -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced that it has completed the delivery to a Photovoltaic Solar project of total 5 MW in collaboration with Sunkon Energy (P) Ltd. in Ghespur, Gujarat, India.
Sunkon Energy (P) Ltd. has been using JinkoSolar modules since December, 2012 and, Jinko PV modules have then successfully been generating power at high performance ratio. With a total of 17,886 JinkoSolar poly-crystalline modules installed, the project was completed within 58 days and covers an area of 80,000 square meters. It is expected to produce 8,030 MWH of electricity per year and reduce CO2 emission by 7,882 tons.
Being one of the world’s most attractive emerging markets, India is densely populated, with increasing electricity demand and has high solar irradiation, an ideal combination for using solar power. India’s Ministry of New and Renewable Energy has introduced aggressive and favourable solar policies to spur the development of solar energy with Gujarat state as the home to the largest solar program in India.
“I am proud of the great progress we have made so far in India, In only few months we managed to enter into this promising market reaching a level of 80 MW sales of Jinko PV modules in Solar plants” commented Mr. Arturo Herrero, Chief Marketing Officer of JinkoSolar. “While we were not among the first companies to enter India’s solar market, we have made our presence well-known rapidly and we managed to establish a firm foothold and good brand recognition. Armed with a highly skilled and devoted team in India, we are ensuring our customers are provided with reliable products, competitive conditions and excellent local services from our professionals in Delhi and Mumbai.”
“We have been very selective with our partners and have applied the highest industry standards when selecting the best modules for this project. Cooperating with JinkoSolar has proven to be a pleasant experience and we are pleased to have achieved objectives we set at the beginning. I would like to take this opportunity to extend my appreciation to the JinkoSolar team for their effective, efficient and professional work.” added Mr. Gopal Sultania, Managing Director, of Sunkon Energy.
JinkoSolar is a leading solar power product manufacturer with production operations in Jiangxi and Zhejiang Provinces in China and sales and marketing offices in Shanghai and Beijing, China; Munich, Germany; Bologna, Italy; Montpellier, France; Zug, Switzerland; San Francisco, the United States; Queensland, Australia; Ontario, Canada; Singapore ; Tokyo, Japan and Cape Town, South Africa.
JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2 GW each for silicon ingots and wafers, solar PV cells and solar PV modules as of December 31, 2012. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including Germany, Italy, Belgium, Spain, the United States, France, Eastern Europe, China, India, Japan, South Africa and other countries and regions.
About Sunkon Energy (P) Ltd.
Incorporated in April 2008, SunKon Energy plans to develop, finance, construct, own, and operate utility-scale solar photovoltaic power plants with a goal to becoming a leading owner and operator of solar power plants in India. Our aim is to help address the impending energy crisis, contribute to efforts towards mitigation of global warming and climate change and reduce India’s dependence on traditional power sources. With grid parity as an ultimate goal, SunKon Energy will play an aggressive role in roll-out of solar energy infrastructure in India.
Safe Harbor Statement
This news 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 "anticipates," "believes," "estimates," "expects," "future," "intends," "plans," "will," 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 Form 20-F for the year ended December 31, 2011 filed with the Securities and Exchange Commission on April 18, 2012, as amended on April 19, 2012. All information provided in this news release is as of October 31, 2012. 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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