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TheStreet Open House

JinkoSolar Selected To Supply 50MW For GSHHSD Solar Project In China

Stocks in this article: JKS









SHANGHAI, May 21, 2012 /PRNewswire-Asia/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the world's leading vertically integrated solar power product manufacturers, today announced it will provide modules for a 50 megawatt (MW) solar project operated by state-owned renewable energy development company GSHHSD in northwestern China. Expected to come online within the year, the project marks a key contribution to China's renewable energy production goal of 15 gigawatts (GW) by 2015.

Located in the city of Zhangye in Gansu province, the solar project will contribute to the region's government-backed goals that aim to curb demand for fossil fuels by increasing renewable energy development through solar, wind, nuclear and hydropower. The GSHHSD project is expected to connect with the state-operated grid within the year.

"We are impressed with JinkoSolar's integrity, stable operation and excellent product quality. We believe that JinkoSolar is in a position to provide us with first-class photovoltaic products that meet our needs. It is also our hope that this partnership will give impetus to even more wide-spread solar energy applications," said GSHHSD Chairman Xingjie Zhu.

"The solar industry in China is enjoying robust growth the last two years, marking significant diversification for our industry especially in 2012," commented JinkoSolar Chairman David Li. "It is our unwavering promise to provide our customers with industry-leading products and services.  As we strive to expand our operations at home in China, this remains a strong focus while we continue to meet the needs of our customers worldwide.

Jinko's 235P modules achieved the highest unit power yield in PHOTON Laboratory's January 2012 outdoor field tests. IMS Research Institute also ranked Jinko Solar as one of the top 6 crystalline PV manufacturers globally in their latest report.

China's broader 12th Five-Year Plan for National Economic and Social Development that began in 2011 designates solar power as one of the country's seven "strategic emerging industries." Through 2015, rapid development of this industry will be strongly supported by the state, which also includes support for domestic manufacturing and installation as well as research and development within the sector. 

About JinkoSolar

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, Singapore, Munich, Germany, San Francisco, U.S., Queensland, Australia, Ontario, Canada, Bologna, Italy, Montpellier, France and Zug, Switzerland. JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2GW each for silicon ingots, wafers, solar cells and solar modules as of December 31, 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, 2011 filed with the Securities and Exchange Commission on April 18, 2012. All information provided in this press release is as of May 21, 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.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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