JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”), a global leader in the photovoltaic (PV) industry, today announced that it will supply 38.4 MW of PV modules to Fuji Electric Co., Ltd., for use in a solar plant in Tomakomai, on the southern Japanese island of Hokkaido.
Under the terms of the agreement, JinkoSolar will deliver its high efficiency solar modules from July to November in 2017 for a solar power plant in Hokkaido. This project includes a 10MWh sophisticated energy storage system, which will help adjust to variable load. This power plant is expected to be connected to the grid in 2018 and will enjoy a feed-in tariff (FIT) rate of ¥40 /kWh. This solar plant is funded via Tokumei Kumiai investments by Japanese institutional investors, Aquila Capital from Germany and Green Power Development Corporation of Japan. GI capital management provides Asset Management services to act the solar plant.
“We, Fuji Electric, has a Management Policy of ‘Through our innovation in energy and environment technology, we contribute to the creation of responsible and sustainable societies.’ The solar power generation project in Hokkaido is certainly the one which implements our Management Policy and we immensely expect from JinkoSolar as the module supplier. Fuji Electric considers JinkoSolar as an extremely important business partner.” commented by Mr.Sasaki, Senior Manager of Photovoltaic & Wind Power Engineering Dept. Alternative Energy Plant Division Power & Social Infrastructure Business Group of Fuji Electric.
“We are glad to work with Fuji Electric for this interesting project in Hokkaido,” commented Mr. Gener Miao, Vice President Global Sales and Marketing of JinkoSolar. “We will continue to provide high-quality PV products that our partners can rely on, and devote our efforts to the green energy development in Japan. We look forward to collaborating with Fuji Electric on future projects.”
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 5.0 GW for silicon ingots and wafers, 4.0 GW for solar cells, and 6.5 GW for solar modules, as of March 31, 2017.
JinkoSolar has over 15,000 employees across its 8 productions facilities in China(5), Malaysia, Portugal and South Africa, 15 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia and South Africa, 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.
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.