JinkoSolar to Supply 40 MW of PV Solar Modules to 8i S.A. in Chile
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, announced that it will supply 40 MW of solar PV modules to 8i S.A. ("8i"), a solar development company, for a solar power project in Chile. 8i will be the owner, project developer and EPC for this project.
According to the terms of the agreement, delivery of the solar PV modules will begin in the fourth quarter of 2014. The 40 MW project will be located in the Valparaiso region of Puchuncavi, an industry zone of Chile. Upon completion in July 2015, the project will act as an ecological example to the region by reducing emissions by around 37,700 Tons of CO(2) annually. The solar power plant will utilize approximately 131,150 JinkoSolar's 305 Poly 72 high-efficiency PV Solar modules.
"We are solidifying our position as the market leader in Chile with the signing of this 40 MW contract and further diversifying our geographic presence," commented Mr. Xiande Li, Chairman of JinkoSolar. "We have been very careful in selecting our business partners for big contracts such as this one. 8i is an ideal one with its strong financial capabilities, ample local resources, leading technology and solid execution track record. While there is no feed-in-tariff policy or government incentive system for utility-scale solar project in Chile, the country is experiencing a strong increase in solar energy demand. We are very confident that we will be able to maintain our market leading position in Chile as we work to expand further into Latin America."
About JinkoSolar Holdings Co., Ltd.
JinkoSolar is a global leader in the solar PV industry with production operations in Jiangxi and Zhejiang Provinces in China and sales and marketing offices in Shanghai and Beijing, China; Munich, Germany; Bologna, Italy; Zug, Switzerland; San Francisco, the United States; Queensland, Australia; Ontario, Canada; Singapore; Tokyo, Japan and Cape town, South Africa.
JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of approximately 2.0 GW each for silicon ingots, wafers and solar cells and approximately 2.1 GW for solar modules, as of March 31, 2014. JinkoSolar sells electricity in China and distributes its solar products to a diversified customer base in the global PV market, including Germany, Italy, Belgium, Spain, the United States, Eastern Europe, China, India, Japan, South Africa, and other countries and regions.
Safe Harbor Statement
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