JinkoSolar to Provide 20 MW to State Grid Corporation of China for the National Wind/PV/Energy Storage and Transmission Project
SHANGHAI, Sept. 30, 2013 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it will supply 20MW of highly-efficient solar modules to the State Grid Corporation of China ("SGCC"), the world's largest utilities company for the Second Phase of China's National Wind/PV/Energy Storage and Transmission Joint Demonstration Project.
The project consists of 60 MW divided into 3 tenders, and JinkoSolar has got the 20MW contract. According to the agreement, JinkoSolar will deliver the solar modules during the fourth quarter of 2013.
The project locates in Zhangbei County, Hebei Province, covering approximately 200 square KMs with total investment around 12 billion RMB. By constructing the biggest and most comprehensive facility integrating wind and solar power generation as well as power storage and smart grid technology, the project aims to further implement China's national renewable energy development strategy. This world-class wind and solar energy project will also serve as a platform for scientific research and act as a model for future grid-friendly renewable energy projects. The project includes 500 MW of wind power, 100 MW of solar power, and 110 MW of power storage system.
"We are very glad to cooperate with the State Grid Corporation of China on this iconic project and to provide JinkoSolar's high-efficiency solar PV modules to the project. Their selection demonstrates JinkoSolar's leading position in Chinese market as well as the confidence from the State Grid Corporation towards our leading product quality and technology. We look forward to cooperating with State Grid Corporation with more upcoming projects in the future," commented Mr. Xiande Li, JinkoSolar's Chairman.
About JinkoSolar Holding Co., Ltd.
JinkoSolar is a global leader in the solar PV 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; Montpellier, France; 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, 2013. 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, France, 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.
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SOURCE JinkoSolar Holding Co., Ltd.