JinkoSolar to Supply 60.9 MW for the First Industrial Hybrid Plant in Chile

Rhea-AI Summary

JinkoSolar (NYSE: JKS) has announced it will supply 60.9 MW of bifacial solar modules for Chile's first industrial hybrid plant, combining a PV plant and a wind farm. Located near Calama, the plant will utilize approximately 154,710 JinkoSolar bifacial panels, expected to generate about 184 GWh of electricity annually. The project is notable as the first in Latin America to feature bifacial modules with transparent backsheets, promoting renewable energy development in the region. Construction is anticipated to complete by early 2021.

Positive

• Supply of 60.9 MW bifacial modules for Chile's first industrial hybrid plant.
• Expected annual generation of about 184 GWh of electricity.
• Introduction of bifacial modules with transparent backsheets in Latin America.
• JinkoSolar aims to increase sales of bifacial modules across the region.

Negative

• None.

SHANGRAO, China, June 22, 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 60.9 MW of bifacial modules for the first industrial hybrid plant in Chile. The hybrid plant will be located about 10 kilometers outside the city of Calama in the Antofagasta Region and will consist of a 60.9 MW PV plant and a 90 MW wind farm.

The hybrid PV plant, whose construction is expected to be finished in early 2021, will use about 154,710 JinkoSolar Bifacial panels to produce an estimated 184 GWh of electiricty annually.

"This is the first project in Latin America to be equipped with our bifacial modules containing transparent backsheets," commented Mr. Alberto Cuter, General Manager Latin America for JinkoSolar. "Chile is the largest market for utility scale projects and we are continuously promoting our highest-quality modules in order to support the development of renewable energies in Chile and across Latin America. The PV plant equipped with our bifacial modules has already generated one of the lowest LCOE and is able to compete with traditional energy sources. 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 the significance of JinkoSolar supplying bifacial modules in Chile?

JinkoSolar's supply of bifacial modules marks the first use of such technology in Latin America's industrial hybrid plant, enhancing renewable energy generation.

When is the hybrid plant in Chile expected to be completed?

The construction of the hybrid plant is expected to finish by early 2021.

How much electricity will the hybrid plant generate?

The hybrid plant is projected to produce about 184 GWh of electricity annually using JinkoSolar bifacial modules.

What is the capacity of the hybrid plant being built in Chile?

The hybrid plant will consist of a 60.9 MW PV plant and a 90 MW wind farm.

What are bifacial solar modules and why are they important?

Bifacial solar modules capture sunlight from both sides, improving efficiency and lowering the levelized cost of energy (LCOE) compared to traditional modules.