JinkoSolar to Supply 19 MW of Solar Modules for a PV Project in Chile
SHANGHAI, October. 29, 2014 -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it will supply 19 MW of solar modules for a PV project in Chile.
The project is located in Chile’s Atacama Desert region which has one of the highest irradiation levels in the world. The 19 MW solar power plant will consist of 61,000 JinkoSolar high-efficiency PID-free modules. The project is expected to generate approximately 50 million kWh of electricity annually, equivalent to the power consumption needs of about 30,000 local households, and reduce carbon emissions by over 30,000 tons annually.
“We are proud of what we have accomplished in Chile this year having become the one of the largest suppliers of PV modules with over 160 MW of contracts signed,” said Mr. Alberto Cuter, JinkoSolar’s Sales Director for Emerging Markets. “The increase in demand for renewable energy has turned Chile into one of the regions’ principal solar markets. This project sets a new milestone for JinkoSolar in the Latin American renewable energy market and demonstrates our commitment to clean energy development in Chile.”
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 and Osaka; Japan and Cape town, South Africa.
JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 2.3 GW for silicon ingots and wafers, 1.8 GW for solar cells, and 2.8 GW for solar modules, as of September 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.
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.