JinkoSolar Cooperate with CJIC to Develop Kenya’s Largest Solar Power Plant SHANGHAI, September 27, 2012 -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced it has signed an cooperative agreement with China Jiangxi Corporation for International Economic & Technical Co, Ltd. (“CJIC”)to provide technical support for CJIC’s 50MW solar power project development in Kenya. Under the cooperative agreement, JinkoSolar is also appointed by CJIC as a preferred supplier for the solar modules and the components for this project. The project is planned to occupy 81 hectare and is expected to be one of the largest grid connected solar power plants in Africa.Located in northwest city of Garissa, Kenya, the plant is expected to produce approximately 76,473 megawatts hours per year, reducing yearly carbonemissions by 64,190 tonsand saving coal consumption by 24,470 tons annually. With an arid climate and vast desert landmass, Garissa is geographically optimal for harnessing solar power. The pre-assembled modular approach planned by by JinkoSolar to facilitate installationand future operation and maintenance.And pouring pile and spiral pile design will be utilized to protect local vegetation. The introduction of solar energy is expectedto generate significant value for Kenya’s energy landscape, by ensuring sustainable opportunities for diversified economic growth. “We are extremely impressed with quality of JinkoSolar’s products and expertise in design and engineering,”said Mr. Guojian Xu, General Manger of CJIC.“Through cooperation,we hope to build a long-term relationship to harness both our unique advantages and open anew chapter for the construction of PV power plants in Africa.” “We are pleased to be a part of Kenya’spush towards clean-tech development and commitment to renewable energy,”said Mr. Kangping Chen, Chief Executive Officerof JinkoSolar.” As a market leader in the solar energy business, JinkoSolar will play a key role in supply Kenya’s growing demand for solar energy. By cooperating with CJIC, we expect that this project will achieve provide JinkoSolar with future opportunities in Kenya’s solar power plant industry.” About China Jiangxi Corporation for International Economic and Technical Cooperation China Jiangxi Corporation for International Economic and Technical Cooperation(CJIC), approved by the State Council of the People’s Republic of China and registered in 1983, is a large compound foreign economic enterprise, focusing on international project contracting and labor services cooperation and diversified undertaking the business of domestic real estate, architectural design, overseas investment and trading simultaneously. The corporation had gained contracting qualification in building project and contracting qualification in water conservancy and hydroelectric project, contracting qualification in municipal public works, Meanwhile, the corporation also obtained the top grade contracting qualifications in building project, water conservancy and hydroelectric project and road and bridge project in Botswana, Zimbabwe, Kenya, Ghana and Zambia. Since 2000, the corporation has achieved new breakthroughs in both development scale and business field, maintaining a good trend of accelerative development.
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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.
To find out more, please see: www.jinkosolar.com
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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@jinkosolar.com
