SHANGHAI, July 28, 2016 /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 three power purchase agreements
("PPAs") with Mexico's Federal
Electricity Commission (Comision
Federal de Electricidad or "CFE") for the three projects totaling
188MWac that was awarded in April
2016 under the Mexico's
First Long Term Electricity Auction.
According to the terms of the PPAs, JinkoSolar will begin
generating solar energy by approximately mid-2018. All the
electricity generated will be sold to the CFE under the PPAs for a
15-year period and related Clean Energy Certificates ("CELs") for a
20-year period.
"I'm pleased to have completed these PPAs after having been
awarded our first large scale overseas projects in Mexico," commented Mr. Xiande Li,
Chairman of JinkoSolar. "Solar is becoming increasingly
competitive in an ever expanding number of countries and regions.
Mexico is an attractive market for
solar power and is showing great potential which we intent to take
advantage of. We are proud to have earned the trust of CENACE
(National Center of Energy Control), SENER (Mexican Ministry of
Energy), and CFE, and look forward to providing clean energy to
Mexican customers."
The Mexican Minister of Energy congratulated the 11 companies
that were awarded the first 18 clean projects as part of the
nation's first tender auction, "I want to give a very special
greeting to all the companies that were awarded in this first
auction. Mexico is very optimistic
about the nation's clean energy. The second auction is planned to
be in September and is expected to be as successful as the first
one."
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is a global leader in the solar industry.
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 3.5 GW for silicon
ingots and wafers, 3 GW for solar cells, and 6 GW for solar
modules, as of March 31, 2016.
JinkoSolar also sells electricity in China, and had connected approximately 1,007
MW of solar power projects to the grid, as of March 31, 2016.
JinkoSolar has over 15,000 employees across its 5 productions
facilities in Jiangxi and Zhejiang
Provinces, China, Malaysia, Portugal and South
Africa, 12 global sales offices in China, Spain,
the United Kingdom, the
United Arab Emirates, Jordan, Saudi
Arabia, Egypt, Morocco, Ghana, Brazil, Costa
Rica and Mexico and 11
oversea subsidiaries in Germany,
Italy, Switzerland, the
United States, Canada,
Australia, Singapore, Japan, India,
South Africa and Chile.
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:
In China:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: ir@jinkosolar.com
Mr. Christian Arnell
Christensen, Beijing
Tel: +86 10 5900 2940
Email: carnell@christensenir.com
In the U.S.:
Ms. Linda Bergkamp
Christensen, Scottsdale,
Arizona
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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SOURCE JinkoSolar Holding Co., Ltd.