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JinkoSolar Wins Bid for 38 MW of Solar Module Supply and Signs Agreement for the First 18 MW with China Guangdong Nuclear SHANGHAI, September 28, 2011 / -- JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company") (NYSE: JKS) a fast-growing, vertically-integrated solar power product manufacturer based in China, today announced that it has won a bid to supply China Guangdong Nuclear Solar Energy Development Co., Ltd. (China Guangdong Nuclear, or CGN-SEDC) with 38 MW of photovoltaic (PV) modules for two grid-connected PV power plant projects planned in Dunhuang city, Gansu Province and Qinghe County in the Xinjiang Uighur Autonomous Region of China. JinkoSolar is the only solar module supplier for the two projects. JinkoSolar entered into an agreement with China Guangdong Nuclear to supply 18 MW of PV modules for the PV power plant project in Dunhuang City on September 27, 2011, pursuant to which Jinko will make the first delivery by October 25, 2011. China Guangdong Nuclear Engineering Co., Ltd. will provide the engineering, procurement and construction (EPC) expertise for the project. JinkoSolar’s obligation to supply the remaining 20 MW of PV modules is subject to the entry into of a separate supply agreement between both parties. The two PV power plant projects are an integral part of a 128 MW large-scale ground-mounted project that stretches across Western provinces in China and is owned and operated by CGN-SEDC. “We are honored to be working with China Guangdong Nuclear,” said Mr. Xiande Li, Chairman of the Board of Directors at JinkoSolar. “This validates our reputation as a large-scale producer of some of the highest quality solar modules available in the market today.” “It also represents an important step forward in expanding our global footprint, especially in China where we already have significant reach in a market that is expected to grow rapidly following the nation’s new feed-in tariff announcement last month,” added Mr. Li. “We hope to build a long-term relationship with China Guangdong Nuclear and the various other players in China’s solar power plant industry. This is one of the top priorities for our global sales and marketing teams.” About China Guangdong Nuclear Solar Energy Development Co., Ltd. of China Guangdong Nuclear Power Group (CGN SEDC), was established in August 27, 2009. As a wholly-owned subsidiary of China Guangdong Nuclear Power Group, CGN SEDC focuses on solar power investment, construction, operation and maintenance, and is actively involved in related industries. As a market leader, CGN-SEDC plans to complete over 5000MW of on-grid solar power projects by the end of 2020. For more information about CGN-SEDC, please visit： http://www.cgnpc.com.cn/n2881959/n3673953/n3674035/n3674285/3741349.html
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 11.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of December 31, 2019.
JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina.
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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:
In China:
Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@kbmyaudio.com
