JinkoSolar Connects 100MW Solar PV Project in Xiangshui, Jiangsu Province to the Grid
SHANGHAI, Sept. 10, 2014 -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that its 100MW solar PV power plant in Xiangshui, Jiangsu Province was connected to the grid. The company has so far successfully connected to the grid for more than 300 MW of solar PV power projects.
Without farm land occupation, the project was built on the top of a 2 million square meter fish pond which is located in the coastal economic development zone in Xiangshui, Yancheng City, Jiangsu Province. It is one of the largest Solar PV projects connected to the grid in Jiangsu Province and has the highest boosting level in China. The power plant has been granted a 20-year subsidy of 1.0 RMB/KWh.
"The Xiangshui project is a landmark ground-mounted solar PV project in Eastern China with its efficient use of land and combination of fish farming and solar power generation, which is in-line with the National Energy Administration’s new policy.” commented Mr. Xiande Li, Chairman of JinkoSolar. “The project began construction in April and was connected to the grid in September. I am proud that our highly efficient team work, demonstrating our outstanding technical capabilities, construction efficiency, and strong coordination skills. The government continues to promote favorable policies and subsidies which we believe will create numerous new opportunities during the second half of 2014. Our strong financial position, rich project development experience and high-quality pipeline will ensure that we achieve our full year project development target as we work to increase shareholder value."
About JinkoSolar Holdings Co., Ltd.
JinkoSolar is a global leader in the solar industry 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 2.0 GW each for silicon ingots, wafers and solar cells and 2.1 GW for solar modules, as of June 30, 2014. JinkoSolar sells electricity in China and distributes its solar products to a diversified customer base in the global PV market, including Germany, Italy, Belgium, Spain, the United States, Eastern Europe, China, India, Japan, South Africa, and other countries and regions.
To find out more, please see: www.jinkosolar.com
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "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," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain 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 filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.