JinkoSolar to Supply 100 MW Solar PV Modules for Two Projects in Chile
SHANGHAI, May 2, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it signed contracts to supply 100 MW of PV modules for two PV projects in Chile.
Both projects are located in Chile's Atacama Desert region, which has one of the highest irradiation levels in the world. The Lalackama PV plant, the first of the two projects, will consist of 60 MW and will include 197,000 JinkoSolar high-efficiency PV Solar modules. The project is expected to generate approximately 132 millions of kWh of electricity annually. The second of the two projects will consist of 40 MW and is located in the Municipality of Diego De Almagro, the plant is expected to generate approximately 88 millions of kWh of electricity power annually.
"We are very proud to have further solidified our position as one of the largest PV module suppliers in Chile," said Mr. Alberto Cuter, JinkoSolar's Sales Director of Emerging Market. "The increase in demand for renewable energy has turned Chile into one of the principal solar markets, and by signing those contracts, we are continuing our strategy to diversify into emerging markets. We now have the largest market share in Chile, marking a new milestone for JinkoSolar. Our expanding presence in Chile's renewable energy market demonstrates our commitment to the development of clean energy in Latin America."
About JinkoSolar Holdings 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; 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 2.0 GW each for silicon ingots, wafers, and solar cells and approximately 2.1 GW for solar modules, as of March 31, 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.
For investor and media inquiries, please contact:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21 6061 1792
SOURCE JinkoSolar Holding Co., Ltd.