SHANGHAI, April 3, 2013 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar PV power product manufacturer, today announced that it has entered into a module supply agreement with a well-recognized solar project developer (the "Developer") to deliver a total of 115 megawatts (MW) of its high-efficiency solar panels for two projects in South Africa. The projects will be developed, designed, constructed and commissioned by the Developer. This module supply agreement will also serve as a general terms and conditions under which the Developer may purchase from JinkoSolar additional solar panels for other projects worldwide in a three year period.
Both projects are part of Phase 2 South African IPP Procurement Program. The first project will consist of a total of 75 MW while the second project will consist of 40 MW.
"We are extremely pleased to sign another large, long-term contract and to further extend our presence in South Africa, one of the fastest growing solar markets in the world," commented Arturo Herrero, Chief Marketing Officer of JinkoSolar. "JinkoSolar has been very successful in winning contracts in South Africa thanks to the trust from our customers and local banks, in both the first and second phases. South Africa, with its abundance of sunshine, rapid economic growth and governmental support, is one of the most important emerging markets for JinkoSolar.
"Our local presence, bankability and our partnership with developers in South Africa has boosted our reputation in the market as a long-term reliable and trustworthy partner in renewable energy development. And we look forward to the completion of these two projects and the opportunities for further cooperation during phase 3, making solar power increasingly cost competitive in South Africa," added Arturo Herrero.About JinkoSolar JinkoSolar is a leading solar PV power product manufacturer with production operations in Jiangxi and Zhejiang Provinces in China and sales and marketing offices in Shanghai, China, Munich, Germany, Bologna, Italy, Montpellier, France, Zug, Switzerland, San Francisco, the United States, Queensland, Australia, Ontario, Canada and Singapore. JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2 GW each for silicon ingots and wafers, solar cells and solar modules as of September 30, 2012. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including Germany, Italy, Belgium, Spain, the United States, France, Eastern Europe, China, India, Japan and other countries and regions. 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. 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.
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