JinkoSolar supplied solar modules to Armenia's largest solar PV plant

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Dec 05, 2017, 04:50 ET

SHANGHAI, Dec. 5, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the photovoltaic (PV) industry, announced that it supplied polycrystalline photovoltaic panels to the first solar power plant in Armenia. The opening ceremony took place earlier in November in the city of Talin. Due to its scale, this project is of significant importance to the Armenian solar, ecology, and economic development sectors.

The opening ceremony was well-attended by various leaders in Armenia, including, but not limited to, Prime Minister Mr. Karen Karapetyan, Minister of Territorial Administration and Development Mr. Davit Loqyan, Deputy Minister of Energy Infrastructures and Natural Resources Mr. Hayk Harutyunyan, Deputy Ambassador of German Federal Republic to Armenia Mr. Klaus Wendelberger, and General Secretary of the Energy Charter Secretariat Mr. Urban Rusnák.

Approximately 3700 JinkoSolar's high efficiency polycrystalline photovoltaic panels were installed in this 1MW solar power plant and will operate there throughout the 25 year product lifespan. Arpi Solar, which designed the project and implemented the construction, cooperated with its leading international partners such as JinkoSolar, Staubli, Enerparc, Sungrow, which guarantees long-term and productive revenues for the next 25 years.

"Talin-1 is at the moment the largest solar power plant in Armenia and can cover the energy demands of almost 400 families. With this we launch a procession of massive solar power plants in Armenia." the General Director of Arpi Solar company Mr. Hayk Chobanyan said, "We will start working on another larger power plant of 55 MW capacity in Masrik (Gegharkunik region) very soon. Such interest in solar energy can significantly improve the Armenian energy sector."

"Talin-1 sets new standards in solar energy sphere in Armenia," Deputy Minister of Energy Infrastructures and Natural Resources Mr. Harutyunyan mentioned, "The engineering activities were delivered in 20 days, which is a very short period for implementation of such initiatives according to international standards and which also proves the competence of the project construction company."

Arda Kristaporyan, Country Manager for JinkoSolar, commented, "We're pleased to have contributed to the realization of this milestone project for Armenia. Our Eagle solar panels have already been successfully implemented in large-scale projects all over the world and they will secure the highest energy yields in the years to come. We will keep working closely with Arpi Solar to fulfill our shared target of creating a solar future in Armenia."

Artun Istepan Sabciyan, Divison Manager for Staubli Electrical Connector Systems (formerly Multi-Contact) Turkey, commented: "We are happy to share the honor of being able to contribute to this project and working closely together with Arpi Solar. This will be a milestone in Armenia reflecting the power of the sun. Our original MC4 connectors and DC solar cables have already been successfully implemented in 1MW Talin project. We will uphold a strong partnership with Arpi Solar to fulfill the roadmap and to advance Armenia's photovoltaic industry.''

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 6.0 GW for silicon ingots and wafers, 4.5 GW for solar cells, and 7.5 GW for solar modules, as of June 30, 2017.

JinkoSolar has over 15,000 employees across its 8 productions facilities in China(5), Malaysia, Portugal and South Africa, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates, 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.

To find out more, please see: www.jinkosolar.com

About Stäubli Electrical Connectors
Stäubli is a recognized specialist for advanced contact technology and sophisticated solutions with a product portfolio ranging from miniature connectors up to high-power connectors for power transmission, test and measurement, transportation and many other industries. In Photovoltaics, Stäubli is global market leader with its MC4 connector components. The core of all Stäubli electrical connectors is the unique MULTILAM contact technology.

About Arpi Solar
Arpi Solar is a leader in the field of solar energy in Armenia for five years, offering solar thermal and photovoltaic systems, energy efficient solutions. Arpi solar systems are widely used in households, businesses, industries and educational and cultural institutions to save costs by reducing harmful emissions to the atmosphere. The company not only stimulates the development of the field, but also contributes to the solution of our country's environmental problems through more than 1000 installations in all over Armenia.

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:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: [email protected]

SOURCE JinkoSolar Holding Co., Ltd.