JinkoSolar to Supply 274MWp Modules to ACCIONA
JinkoSolar to Supply 274MWp Modules to ACCIONA
Cape town, South Africa, September 10, 2013 -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a leading global solar PV power product manufacturer, today announced that it entered into agreements for the supply of photovoltaic modules in total amount of 274 MWp with ACCIONA, one of the world leading renewable energy companies.
According to the agreements, JinkoSolar will supply Oakleaf Investment Holdings 86 (Proprietary) Limited (“Oakleaf”), a joint-venture invested by ACCIONA and its South African local partner, a South African-based cooperation, with 94MWp of high-efficiency solar modules starting from November 2013 through September 2014, for a solar farm located in Northern Cape Province, South Africa. JinkoSolar will also supply 24,07 MWp of high-efficiency solar modules starting from October 2013 through December 2013 for the Royalla PV Plant located in the ACT territory of Australia, which will be built by Acciona Energy Oceania. Besides, Jinko will supply ACCIONA with 156MWp photovoltaic modules, which is subject to further discussion and final definitive supply agreements between the parties from time to time in the future.
The solar farm in Northern Cape Province, once completed, will be one of the three largest solar farms on the African continent. The project will use approximately 319,600 high-efficiency JinkoSolar PV modules and will produce approximately 206GWh per year, avoiding the emission of around 198,000 metric tons of CO2 in coal-fired power stations. The solar farm in ACT territory, once completed, will be one of the biggest PV plants in Australia. The project will use approximately 81,600 modules of high-efficiency and will produce energy for 4,500 Canberra houses.
“We are happy to fix this big contract with ACCIONA, and it is an honor to work with ACCIONA on the milestone project in South Africa and Australia as a beginning, which will not only substantially diversify South Africa and Australia’s clean energy mix, but will also set a good example of solar energy.” said Mr. Xiande Li, Chairman of JinkoSolar. “We will work closely with ACCIONA, our reliable partner, to fulfil our shared commitment to delivering affordable solar electricity to the world.”
JinkoSolar is a leading solar PV 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; 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 1.5 GW each for silicon ingots and wafers, solar PV cells and solar PV modules as of June 30, 2013. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including Germany, Italy, Belgium, Spain, the United States, Canada, France, Eastern Europe, Australia, China, India, Japan, South Africa and other countries and regions.
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, 2012 filed with the Securities and Exchange Commission on April 30, 2013, as amended on May 23, 2013. 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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