JinkoSolar to Jointly Invest and Develop 200 MW PV Project with Jinchuan Group in Gansu Province
SHANGHAI, Dec. 20, 2012 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced that it has signed a strategic cooperation agreement with Jinchuan Group Co., Ltd. ("Jinchuan Group"), a Chinese state-owned enterprise, to jointly invest and develop a 200 MW photovoltaic ("PV") solar power plant in Jinchang, Gansu Province, China. Once connected to the grid, the project will become one of the Asia's largest independent PV solar power plants.
With approximately RMB 2 billion investment scale, the project has been approved by Gansu Development and Reform Commission and is expected to be completed and connected to the grid by June 2013. The PV solar power plant will complement the large industrial base and infrastructure Jinchuan Group has already built in the region with three thermal power plants.
"Jinchang receives large amounts of sunlight and has ample land resources, which make it very suitable for PV power plant development." said Mr. Xiande Li, Chairman of JinkoSolar. "We are very pleased to cooperate with Jinchuan Group, a reputed SOE with international competitiveness. We are confident that our cooperation will aid in the development of a green future for the region and a sustainable return on our investment."
JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a leading solar 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; Montpellier, France; Zug, Switzerland; San Francisco, U.S.; 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 ingots and 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 in Germany, Italy, Belgium, Spain, the United States, France, Eastern Europe, South Africa, Japan, China, India and other countries and regions.
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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, 2011 filed with the Securities and Exchange Commission on April 18, 2012, as amended on April 19, 2012. All information provided in this news release is as of December 20, 2012, 2012. 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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JinkoSolar Holding Co., Ltd.
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SOURCE JinkoSolar Holding Co., Ltd.