JinkoSolar Supplies 106.4 MW Solar Modules to sPower for Solverde 1 Solar Project in California

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Feb 02, 2017, 04:50 ET

SHANGHAI, Feb. 2, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company"), a global leader in the photovoltaic (PV) industry, today announced that it supplied 106.4 MWdc of PV modules to sPower, the largest private owner in the United States of utility-scale solar operating assets. The Solverde 1 solar farm is located in Lancaster, California, in the northern LA County.

sPower developed and completed the project within 12 months. This included signing the power purchase agreement (PPA), completing interconnection, and building and commissioning the project. To meet this schedule, JinkoSolar delivered over 330,000 of its high-efficiency polycrystalline modules to the project site in the span of just over two months.

"At JinkoSolar, we are committed to meeting our partners' tight deadlines," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "Being selected by industry-leading sPower as the module supplier for this unique and time-sensitive project strengthens our reputation as a highly dependable module manufacturer."

"Developing a solar farm within 12 short months is a challenging feat and requires solid cooperation with experienced and capable partners," said Josh Skogen, SVP of project development for sPower. "It was important that we select a module supplier that could manage such an aggressive delivery schedule. We were confident that Jinko would be a great partner for the Solverde project, as it has a proven track record for delivering quality modules on-time."

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 4.5 GW for silicon ingots and wafers, 3.7 GW for solar cells, and 6.5 GW for solar modules, as of September 30, 2016.

JinkoSolar has over 15,000 employees across its 6 productions facilities in Jiangxi, Zhejiang and Xinjiang Provinces, China, Malaysia, Portugal and South Africa, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, Spain, United States, Canada, Mexico, Brazil, Chile, Australia and South Africa. 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 sPower

Headquartered in Salt Lake City, with offices in San Francisco, Long Beach and New York City, sPower is the largest private owner of operating solar assets in the United States. sPower owns and operates more than 150 utility and commercial distributed electrical generation systems across the U.S. and the UK. To date, sPower has deployed more than $2 billion of capital for its solar and wind projects. With 8.7 gigawatts between operating, construction and pipeline, sPower is actively buying select utility-scale renewable assets in virtually any stage of development in the United States. www.spower.com

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]

Mr. Christian Arnell
Christensen, Beijing
Tel: +86 10 5900 2940
Email: [email protected]

In the U.S.:
Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: [email protected]

SOURCE JinkoSolar Holding Co., Ltd.