JinkoSolar Wins Contract to Supply China Power International with 40 MW of High Efficiency Solar Panels
SHANGHAI, Sept. 26, 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 won a bid from China Power International New Energy Holding Ltd. to supply 40 MW of photovoltaic (PV) modules for two PV power plant projects in Baiyin and Wuwei cities in Gansu Province, China.
JinkoSolar will deliver 163,200 high-efficiency solar panels to the two projects. The locations were specifically chosen as they receive approximately 2550~3030 hours of sunlight per year and are located in flat terrain with easy access to the electric grid and transportation facilities.
"We are pleased to being working with China Power International on these two projects," said Mr. Xiande Li, Chairman of the Board of Directors at JinkoSolar." JinkoSolar's reliability as a partner is demonstrated through the wide adoption of our modules across China in multiple PV projects. We are confident that the performance of our outstanding panels will guarantee stable output over their 25+ year life time and provide steady return on their investment."
About China Power International New Energy Holdings Co., Ltd.
China Power International New Energy Holdings Co., Ltd. was established in Shanghai in December, 2006. Its parent unit is China Power International Limited, the flagship enterprise of the China Power Investment Corporation, one of the five major power generation groups in the country. China Power International New Energy Holdings Co., Ltd. is mainly engaged in solar power, wind power, small and medium-scale hydropower, biomass and other renewable energy development, investment, construction and operation.
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, 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 wafers, solar cells and solar modules as of June 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, China and other countries and regions.
Safe Harbor Statement
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 September 26, 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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SOURCE JinkoSolar Holding Co., Ltd.