JinkoSolar Holding Co., Ltd.("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, announced that it has signed a strategic cooperation agreement with Jinchuan Group Co., Ltd.("Jinchuan Group"), a Chinese state-owned enterprise, to jointly invest and develop a 200 MW photovoltaic ("PV") solar power plant in Jinchang, Gansu Province, China. Once connected to the grid, the project will become one of the Asia's largest independent PV solar power plants.
With approximately RMB 2 billion investment scale, the project has been approved by Gansu Development and Reform Commission and is expected to be completed and connected to the grid by June 2013. The PV solar power plant will complement the large industrial base and infrastructure Jinchuan Group has already built in the region with three thermal power plants.
"Jinchang receives large amounts of sunlight and has ample land resources, which make it very suitable for PV power plant development." said Mr. Xiande Li, Chairman of JinkoSolar. "We are very pleased to cooperate with Jinchuan Group, a reputed SOE with international competitiveness. We are confident that our cooperation will aid in the development of a green future for the region and a sustainable return on our investment."
