18MW Solar Power Plant With JinkoSolar Modules in Western China Is Successfully Connected to the State Grid
SHANGHAI, Jan. 18, 2012 /PRNewswire-Asia-FirstCall/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), a fast-growing, vertically integrated solar power product manufacturer based in China, recently announced that the 18 MW project developed by China Guangdong Nuclear Solar Energy Development Co., Ltd.(CGN-SEDC) is now connected to the grid. JinkoSolar provided all the modules for this project in Dunhuang, Gansu Province in west China.
Located in the solar base of China Guangdong Nuclear Power Company in Dunhuang, the solar power plant covers an area of 400,000 square meters and JinkoSolar provided all 76,000 modules for the installation.
With an annual average sunshine time of 3,362 hours, the city of Dunhuang is recognized by experts as a world-class solar-rich region. At the same time, convenient power transmission in the region has provided a guarantee for the rapid growth of photovoltaic grid connection systems. Solar power projects currently completed or under construction in Gansu exceed 100MW, about one-eighth of China’s total solar capacity of 768MW. Now providing more than 15 percent of Gansu’s total capacity, JinkoSolar has effectively secured a place as one of the most significant solar power manufacturers in this vital region. The success of this project will undoubtedly spur the development of PV projects as well as the solar industry in western China.
“Solar power has become one of the most efficient energy solutions. I am very pleased to see the role our products have played in this process,” stated JinkoSolar chairman, David Li. “We are witnessing the tremendous support for the photovoltaic industry from the government, developers and investors in China. It is our sincere hope that we continue to strengthen and establish our long-term relationship with CGN-SEDC and other players in the field. JinkoSolar will continue to provide our customers with high-quality PV modules, while ensuring a long-term and stable return on investment for solar power plant investors.”
JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a fast-growing, vertically integrated solar power product manufacturer with cost efficient operations based in Jiangxi Province and Zhejiang Province in China and sales and marketing offices in Shanghai, China, Munich, Germany, San Francisco, U.S., Bologna, Italy, Montpellier, France and Zug. Switzerland. JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately1.2 GW each for silicon ingots, wafers, solar cells and solar modules as of September 30, 2011. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market; including Italy, Germany, Belgium, Spain, the United States, France, Eastern Europe, China and other countries and regions.
Safe Harbor Statement
This press 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 “will,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” 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 fiscal year ended December 31, 2010 filed with the Securities and Exchange Commission on April 25, 2011, as amended on May 10, 2011 and September 2, 2011. All information provided in this press release is as of January 18 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.
SOURCE JinkoSolar Holding Co., Ltd.