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JinkoSolar to Supply 81 MW WBHO-Building Energy in South Africa SHANGHAI, December 12, 2012 -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced that it has signed a contract with fix price to supply WBHO-Building Energy (Pty) Ltd. (“WBHO-BE”) with 81 MW of photovoltaic (PV) modules for the solar PV park project in Gamagara Local Municipality, Northern Cape Province, South Africa. The project will be developed, designed, constructed and commissioned by WBHO- BE and is, so far, the largest project in African Continent and one of the first approved under the South African government’s Renewable Energy Program. JinkoSolar will deliver a total of 344,540 PV high quality solar panels for the project, which is expected to generate approximately 146 GWh of power equivalent to supply electricity to 12,000 households and to reduce carbon emissions by about 145,800 tons annually. The project will be the largest individual PV solar plants in South Africa upon its completion. Shipments starts in Q1 2013 and all PV panels will have been shipped before end of Q4, 2013. “This 81 MW supply contract marks an important milestone for both JinkoSolar and our partner WBHO-BE in South Africa,” said Mr. Xiande Li, Chairman of JinkoSolar. “Thanks to rising energy prices, an abundance of sunshine and the sustainable support from Government to renewable Energies, South Africa’s is on track to become one of the fastest growing solar PV markets in the world as well as one of most important emerging markets for JinkoSolar.” “The partnership and trust built between JinkoSolar and Building Energy (BE) during last two years in Europe, the clear commitment from JinkoSolar to our investment in developing the South African PV market and the Bankability obtained from over 40 Banks including South African Banks have been key in the decision from BE to consider Jinko’s modules in this project and the success of the financial closure. We look forward to the completion of this project and to making solar power increasingly cost competitive in South Africa,” added Mr. Xiande Li.
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 17.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of March 31, 2020.
JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan(2), 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.
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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:
Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@sgyrfw.com
