JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE:JKS), a global leader in the solar PV industry, today announced that it has signed a strategic cooperation agreement with the local government of Lingwu City (“Lingwu”), Ningxia Hui Autonomous Region, to develop a 200 MW ground-mounted PV power plant.
Under the terms of the agreement, JinkoSolar will invest and build PV industrial base in Lingwu. JinkoSolar will build a 200MW ground-mounted PV power plant and invest in a number of PV related supporting facilities in Lingwu. The project will begin contraction according to the approval status of the local Development and Reform Commission, allowing for the power generated from the plant to be connected to the State Grid. The investment related to the project is expected to be approximately RMB 4.6 billion.
“We are very pleased to have this opportunity to cooperate with Lingwu City in the development of this significant comprehensive renewable energy project. The selection of JinkoSolar further solidifies our leadership position in the domestic solar PV market, especially on project development side. Our high quality pipeline of projects and stable cash flows from downstream business ensure the good return of our investors,” commented Mr. Xiande Li, Chairman of JinkoSolar.
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 1.5 GW each for silicon ingots, wafers, and solar PV cells, and approximately 1.8 GW for solar PV modules, as of September 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, Eastern Europe, China, India, Japan, South Africa, and other countries and regions.