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JinkoSolar Selected to Power First Ever Off-grid Utility Scale PV System in South Africa SHANGHAI, August 31, 2012 -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, will work with EPC partner Solea Renewables to deliver a Limpopo province chrome mine with the first ever off-grid utility scale photovoltaic system in South Africa. The 1 megawatt plant will produce approximately 1.8 GWh of electricity per year and will effectively reduce the mine’s daytime diesel dependency for the next 20 to 30 years. This groundbreaking project is in line with South Africa’s national plans to increase power supplies from independent producers. It also dovetails with South Africa’s stated objective to increase the percentage of renewable energy among the country’s total power mix. The fully integrated turnkey PV system designed, engineered and constructed by Solea Renewables will use 4,170 high efficiency polycrystalline PV panels supplied by JinkoSolar. “While the global demand for South African coal, platinum, palladium and chromium increases, mines and other industrial consumers face power supply constraints due to capacity challenges at Eskom. The turnkey delivery of our PV plants will not only benefit end-users, but it will in turn help reduce the ever present and increasing energy demand Eskom faces,” said VusiMhlanzi, Director of Solea Renewables, "Wechose JinkoSolar panelsfor its superior performance and reliability, as seen in utility-scale installations across Asia, Europe, and Americas.” JinkoSolar solar panels have already been utilized in off-grid PV systems to offer mining and other industrial companies with a cost effective grid independent complement to traditional diesel generators. “ As the plant is expected to be completed by late October, 2012, the electricity generated by JinkoSolar quality solar panels will definitely reduce the mine’s daytime diesel consumption while securing our client’s with a natural long-term hedge against all rising costs of power,” explains Mhlanzi. "We have great expectations for South Africa. The region's booming population, strong economic growth and abundant sunlight represent an exciting opportunity for solar and for JinkoSolar." said Kangping Chen, Chief Executive Officer of JinkoSolar, "we look forward to working with Solea Renewables, an experienced EPC partner on this momentous project."
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
