JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a leading global solar PV power product manufacturer, today announced that it entered into agreements for the supply of photovoltaic modules in total amount of 274 MWp with ACCIONA, one of the world leading renewable energy companies.
According to the agreements, JinkoSolar will supply Oakleaf Investment Holdings 86 (Proprietary) Limited ("Oakleaf"), a joint-venture invested by ACCIONA and its South African local partner, a South African-based cooperation, with 94MWp of high-efficiency solar modules starting from November 2013 through September 2014, for a solar farm located in Northern Cape Province, South Africa. JinkoSolar will also supply 24.07 MWp of high-efficiency solar modules starting from October 2013 through December 2013 for the Royalla PV Plant located in the ACT territory of Australia, which will be built by Acciona Energy Oceania. Besides, Jinko will supply ACCIONA with 156MWp photovoltaic modules, which is subject to further discussion and final definitive supply agreements between the parties from time to time in the future.
The solar farm in Northern Cape Province, once completed, will be one of the three largest solar farms on the African continent. The project will use approximately 319,600 high-efficiency JinkoSolar PV modules and will produce approximately 206GWh per year, avoiding the emission of around 198,000 metric tons of CO2 in coal-fired power stations. The solar farm in ACT territory, once completed, will be one of the biggest PV plants in Australia. The project will use approximately 81,600 modules of high-efficiency and will produce energy for 4,500 Canberra houses.
"We are happy to fix this big contract with ACCIONA, and it is an honor to work with ACCIONA on the milestone project in South Africa and Australia as a beginning, which will not only substantially diversify South Africa and Australia's clean energy mix, but will also set a good example of solar energy," said Mr. Xiande Li, Chairman of JinkoSolar. "We will work closely with ACCIONA, our reliable partner, to fulfil our shared commitment to delivering affordable solar electricity to the world."