SHANGHAI, Oct. 16, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the photovoltaic (PV) industry, today announced that it supplied 12.7 MW of PV modules to Hitachi Systems, Ltd.("Hitachi Systems"), a subsidiary of Hitachi, Ltd., for a solar plant owned by Farmdo Corporation("Farmdo") in Ulan Bator, Mongolia.
JinkoSolar delivered 12.7 MW of its high efficiency PERC modules and custom built 36-cell and 48-cell dual glass modules. This shipment marks JinkoSolar's first to the country. The power plant is the country's first utility scale solar plant which covers 28 hectares of land and is expected to be connected to the grid in November 2017. Supported by the Japanese Ministry of the Environment, 40% of the project's construction fees will be financed using a government subsidy. JinkoSolar is currently bidding as a competitive candidate for two other projects managed by Hitachi Systems where construction is expected to begin in 2018.
"Mongolia's abundant resources and vast steppe make it an ideal location for developing the local economy through solar power generation," commented Mr. Fujimoto Kazuaki, Division General Manager of Hitachi Systems' Facility Solutions Division. "A steady and reliable supply of electricity is essential for economic development. We are proud to have the opportunity to take part in Farmdo's solar farm project and support renewable energy businesses across the nation. JinkoSolar's global presence, extensive experience in solar power generation, diversified products and strong R&D capabilities ensure that their modules will work reliably even in the harshest of environments. Our partnership with JinkoSolar was essential in making this project a success."
"We are very pleased to have the opportunity to cooperate with Hitachi Systems on this project," commented Mr. Gener Miao, Vice President Global Sales and Marketing of JinkoSolar. "This is a big step for us in expanding our presence in Mongolia. We look forward to creating a bright future for solar energy there."
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 6.0 GW for silicon ingots and wafers, 4.5 GW for solar cells, and 7.5 GW for solar modules, as of June 30, 2017.
JinkoSolar has over 15,000 employees across its 8 production facilities in China (5), Malaysia, Portugal, and South Africa; 16 overseas subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates; and 18 global sales offices in 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:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Mr. Christian Arnell
Tel: +86 10 5900 2940
In the U.S.:
Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona