SHANGHAI, March 1, 2017
/PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd.
("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the
photovoltaic ("PV") industry, today announced that a consortium
consisting of JinkoSolar and Marubeni Corporation ("Marubeni") have
entered into a Power Purchase Agreement ("PPA") with the Abu Dhabi
Water and Electricity Company ("ADWEC") for the Solar PV
Independent Power Project (the "Project") located at Sweihan,
Emirate of Abu Dhabi, United Arab
Emirates.
A special purpose company jointly owned by JinkoSolar, Marubeni,
and the Abu Dhabi Water and Electricity Authority ("ADWEA") will
construct, operate and maintain the PV plant for the duration of
the 25-year PPA. The project will be located in the Eastern Region
of the Emirate of Abu Dhabi,
approximately 120 km east of the city of Abu Dhabi in Sweihan and will have the
capacity of 1,177 MW (DC). All power generated will be sold to
ADWEC, a wholly owned entity of the ADWEA. The Project's financial
agreements are expected to close in April
2017 with commercial operation expected to begin in
2019.
"Today's important milestone is a highly significant event for
both the Emirate of Abu Dhabi and
also for the global Solar PV market," commented H.E Abdullah Ali Musleh Al Ahbabi, Chairman of
ADWEA. "Not only will the Project, once constructed, be the world's
largest single utility scale solar PV plant, but the price of net
electrical energy that we have agreed to today is one of the most
competitive prices seen to date in the Solar PV industry."
"We are excited to be a part of the significant milestone
project to co-develop with ADWEC and Marubeni. The execution of the
PPA demonstrates our strong technical skills, reliable
high-efficiency products and development capabilities," commented Mr. Xiande Li, Chairman of JinkoSolar. "We are proud
of making a significant contribution to the development of the
solar industry in the Emirate of Abu
Dhabi."
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
5.0GW for silicon ingots and wafers, 4.0GW for solar cells, and 6.5
GW for solar modules, as of December 31, 2016.
JinkoSolar has over 15,000 employees across its 6
productions facilities in Jiangxi, Zhejiang and Xinjiang
Provinces, China, Malaysia, Portugal and South
Africa, and 15 overseas subsidiaries across Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United
States, Canada,
Mexico, Brazil, Chile, Australia and South
Africa. JinkoSolar has 18 global sales offices across
China (2), United Kingdom, Bulgaria, Greece, Romania, United Arab
Emirates, Jordan,
Saudi Arabia, Kuwait, Egypt, Morocco, Ghana, Kenya,
Costa Rica, Colombia, Brazil and Mexico.
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.