JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company") (NYSE: JKS) a fast-growing, vertically-integrated solar power product manufacturer based in China, announced that it has won a bid to supply China Guangdong Nuclear Solar Energy Development Co., Ltd. (China Guangdong Nuclear, or CGN-SEDC) with 38 MW of photovoltaic (PV) modules for two grid-connected PV power plant projects planned in Dunhuang city, Gansu Province and Qinghe County in the Xinjiang Uighur Autonomous Region of China. JinkoSolar is the only solar module supplier for the two projects.
JinkoSolar entered into an agreement with China Guangdong Nuclear to supply 18 MW of PV modules for the PV power plant project in Dunhuang City on September 27, 2011, pursuant to which Jinko will make the first delivery by October 25, 2011. China Guangdong Nuclear Engineering Co., Ltd. will provide the engineering, procurement and construction (EPC) expertise for the project. JinkoSolar’s obligation to supply the remaining 20 MW of PV modules is subject to the entry into of a separate supply agreement between both parties. The two PV power plant projects are an integral part of a 128 MW large-scale ground-mounted project that stretches across Western provinces in China and is owned and operated by CGN-SEDC.
“We are honored to be working with China Guangdong Nuclear,” said Mr. Xiande Li, Chairman of the Board of Directors at JinkoSolar. “This validates our reputation as a large-scale producer of some of the highest quality solar modules available in the market today.”
“It also represents an important step forward in expanding our global footprint, especially in China where we already have significant reach in a market that is expected to grow rapidly following the nation’s new feed-in tariff announcement last month,” added Mr. Li. “We hope to build a long-term relationship with China Guangdong Nuclear and the various other players in China’s solar power plant industry. This is one of the top priorities for our global sales and marketing teams.”
