JinkoSolar to Supply 126 MW of Modules for a Utility PV Project in Chile

Rhea-AI Summary

JinkoSolar (NYSE: JKS) announced it will supply 126 MW of solar modules for the expansion of a 160 MW PV park in Chile's Antofagasta Region. The existing plant, operational since 2016, currently has 668,160 panels generating 400 GWh annually. The expansion will add 315,900 bifacial modules, increasing total capacity to 984,060 panels and annual generation to 789 GWh. This project highlights JinkoSolar's focus on promoting renewable energy and its commitment to providing high-quality solar solutions in Latin America.

Positive

• Supply of 126 MW solar modules for a significant expansion in Chile.
• Total capacity after expansion will reach 789 GWh, enhancing JinkoSolar's market presence.
• Strategic use of bifacial modules, indicating innovation and competitiveness.

Negative

• None.

SHANGRAO, China, July 6, 2020 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it will supply 126 MW of solar modules for the expansion of an existing 160 MW solar PV park in Chile.

The local contractor recently announced the 126 MW expansion of an existing 160 MW PV park located in the Antofagasta Region. The existing PV plant has been in operation since 2016 and already has 668,160 JinkoSolar panels installed which generate 400 GWh per year. The expansion will add an additional 315,900 JinkoSolar bifacial modules.

Once the expansion is complete and begins operations, the PV plant will have a total of 984,060 JinkoSolar photovoltaic panels consisting of both monofacial and bifacial modules that are able to generate 789 GWh per year.

"This is the second project in Latin America to be equipped with our bifacial modules with transparent backsheets," commented Mr. Alberto Cuter, General Manager LATAM of JinkoSolar. "Chile is the largest market for utility scale projects in the region and we are continuously working to promote our high-quality modules there in order to support the development of renewable energy. The expansion of the PV plant equipped with our bifacial modules has already generated lower LCOE and is able to compete with traditional sources of energy. We are expecting to sell more bifacial modules in the coming few months across the region."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. 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 17.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of March 31, 2020.

JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina.

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

Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@jinkosolar.com

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SOURCE JinkoSolar Holding Co., Ltd.

FAQ

What is JinkoSolar's recent project in Chile involving JKS?

JinkoSolar announced its supply of 126 MW of solar modules for the expansion of an existing 160 MW PV park in Chile.

How many solar panels will the expanded PV plant in Chile have?

Once the expansion is complete, the PV plant will have a total of 984,060 JinkoSolar panels.

What is the expected annual energy generation of the expanded PV plant?

The expanded PV plant is expected to generate 789 GWh of energy annually.

What type of solar modules is JinkoSolar supplying for the Chilean project?

JinkoSolar is supplying bifacial modules, which are designed for higher efficiency.

How does this project impact JinkoSolar's market position in Latin America?

The project reinforces JinkoSolar's commitment to renewable energy and enhances its competitive position in the Latin American solar market.