Jinko Power signs project investment agreement for 100 MW PV in Jiangxi Province

Shanghai - Jinkosolar Holding Co., Ltd. announced that Jinkosolar Power Co., Ltd., a subsidiary of the Company, has signed project investment agreements with the local government of Hengfeng county in Jiangxi Province to develop totally 100 MW PV projects.

Jinko Power will own the projects and will manage the project investment and EPC as well as operations and maintenance.

According to the terms of the agreement, Jinko Power will invest approximately RMB 800 million for the projects, and the project will receive subsidies of RMB1.2 per kWh. Construction has begun in the third quarter and is expected to complete in the fourth quarter of this year. After the completion, those projects will generate around 110 million kWh electricity annually, generating approximately RMB132 million revenue per year.

Source: IWR Online, 25 Aug 2014