JinkoSolar Partners with Jinchuan Group to Complete and Connect the First Phase of China’s Largest 2
JinkoSolar Partners with Jinchuan Group to Complete and Connect the First Phase of China’s Largest 200 MW PV Plant
Shanghai, China, September 5, 2013 -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar PV power product manufacturer, today announced that the first phase of 200MW PV solar power plant located in Jin Chang, Gansu Province, China, has been successfully completed and connected to grid. The project was jointly invested and developed by the Company and Jinchuan Group Co., Ltd. ("Jinchuan Group"), a Chinese state-owned enterprise.
Spread across 11,416 acres with a total investment of RMB1.8 billion, the 200MW solar facility solely utilizes JinkoSolar high-efficiency modules which have proven to be the optimal choice for utility-scale solar projects. JinkoSolar modules maximize yields and land use while minimizing cost per kWh. The solar plant will generate an average of 300 million kWh annually making it China's largest independent PV solar power plants.
“We’re very pleased to have the opportunity to cooperate with Jinchuan Group on this very important project. The market and development of PV power plant projects in China is gradually maturing. Chinese developers, investors and financial institutions are increasingly concerned about the quality, performance and reliability of the PV power plants, especially large-scale PV power plant projects that require heavy capital investment. Only quality and sustainable long-term output of the power can ensure the future return on the investment.” said Mr. Xiande Li, Chairman of JinkoSolar.
“JinkoSolar has become the benchmark company in the solar industry. Their scale and capability greatly impressed us, making JinkoSolar the ideal choice for this milestone project, especially given the protection afforded to clients and investors with JinkoSolar’s excellent Quality Assurance System. The government’s new strategic plan has laid out the industry’s future in China and provided strategic clarity. We look forward to cooperating on future projects with JinkoSolar.” said. Mr. Yongqian Wang, General Manager of Jinchuan Group.
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, 2012. 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.
About Jinchuan Group
Jinchuan Group Co., Ltd. is a large mining group engaged in mining, concentrating, metallurgy and chemical engineering and deep processing, which vertically integrates the mining industry and metals. Through the green development, clean production and comprehensive utilization in the whole world, limited resources will be converted to products and services required by customers to the greatest extent, thus promoting the economic prosperity and the common progress of the enterprise, staff and society.
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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