JinkoSolar Signs Three-Year Strategic Cooperation Agreement for 600 MW Solar PV Panels with China Three Gorges New Energy Corp.
SHANGHAI, Feb. 20, 2013 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced that it has entered into a strategic cooperation agreement with China Three Gorges New Energy Corp. ("CTGNE") to deliver, during the three years from 2013 to 2015, a total of 600 megawatts (MW) of its high-efficiency solar panels to be installed in western China.
"We are very pleased to sign this long term large contract and to further extend our cooperation with CTGNE, one of the largest and fastest growing developers of renewable energy projects in China, following our previous 50MW contract with CTGNE we announced in October 2012," commented Mr. Xiande Li, Chairman of JinkoSolar. "China is becoming a major and fast growing market for solar PV modules, and we believe that our strategic cooperation with CTGNE reflects CTGNE's confidence in the advanced technology, high quality, and reliability of our products."
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, China; Munich, Germany; Bologna, Italy; Montpellier, France; Zug, Switzerland; San Francisco, the United States; Queensland, Australia; Ontario, Canada and Singapore.
JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2 GW each for silicon wafers, solar cells and solar modules as of September 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, France, Eastern Europe, China, India, Japan and other countries and regions.
About China Three Gorges New Energy Corp.
China Three Gorges New Energy Corp. ("CTGNE") is one of the first state owned enterprises to enter into the field of wind power. CTGNE actively explores opportunities in renewable energy including wind, solar as well as other clean energy technologies. CTGNE specializes in developing and operating large-scaled renewable energy projects.
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. 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.
For investor and media inquiries, please contact:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21 6061 1792
Mr. Christian Arnell
Tel: +86 10 5826 4939
In the U.S.:
Mr. Jeff Bloker
Tel: +1 480 614 3003
SOURCE JinkoSolar Holding Co., Ltd.
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