Jinko Power signs 5year 500 MW PV project development agreement

Shanghai, China

According to the terms of the agreement, the 500 MW PV power plant will be constructed over a period of 5 years with an annual installation target of 100 MW, of which 60MW will be distributed and 40MW will be ground-mounted. The first phase of construction will begin during the second half of 2014 with an installation target of 50MW to be completed before the end of the year.

Municipal leaders of Lishui City, including Mr. Zhong Chen, vice-mayor, attended the signing ceremony and pledged to fully support the project in order to speed up the construction process and connection to the grid. This cooperation agreement demonstrates Lishui City local government's willingness to upgrade its energy infrastructure and to jointly promote the development of green energy production and consumption with JinkoSolar. According to JinkoSolar, when completed, the 500MW power plant will generate approximately 560 million kWh of power annually reduce emissions equivalent to saving 0.2 million tons of coal per year, or 7200 tons of nitrogen oxide and 0.5 million tons of carbon dioxide.

"We are pleased to sign this significant PV project development agreement with the Economic Development Zone of Lishui City," commented Mr. Xiande Li, Chairman of JinkoSolar. "By signing this agreement, we are expanding the scale and scope of our PV project pipeline while improving the environment and contributing to local economic development. China's National Energy Administration encourages local governments to proactively initiate projects of this nature and engage leading clean energy companies to aid in the process. We hope to set an example by cooperating on the construction of this important project."

Source: IWR Online, 14 Aug 2014