JinkoSolar Holding Co., Ltd. (NYSE: JKS), a global leader in the solar photovoltaic (PV) industry, today announced that four of its solar PV projects totaling 80 megawatts (MW) in Xinjiang Uygur Autonomous Region have been successfully connected to the national grid. As of the end of the fourth quarter of 2013, the Company has connected approximately 213 MW worth of solar PV projects to the grid.
With the connection of these four solar PV projects located in Alar, Shaya, Bohu and Wusuin Xinjiang Uygur Autonomous Region (each accounting for 20 MW with a total of 80 MW) to the grid, JinkoSolar has successfully completed its project connection plan for the year 2013, reaching approximately 213 MW worth of solar PV projects connected to the grid. With an annual power generation capacity approaching 324 million kWh, all 213 MW projects are qualified for China's national feed-in-tariffs over 20 years at the rate of RMB1.00 per kW/h (with 1 0MW qualifying for RMB1.15 per kW/h). Overall, these projects are expected to reduce CO2 emissions by 256,000 tons annually, saving about 110,000 tons of standard coal per year.
"I am proud to report that we have reached our 2013 project connection target," said Mr. Xiande Li, Chairman of JinkoSolar. "We will continue to expand our downstream business and aim to reach an aggregate amount of more than 500 MW worth of projects by the end of 2014, representing an annual power generation capacity of 750 million kWh. With the clear commitment of the Chinese government to renewable energy, solar energy in particular, and a gradually maturing market, we are eager to generate more green energy as well as good returns for our investors."