Jinko Solar has signed an agreement with the government of Lingwu City to build a 200 MW solar PV power plant. Jinko will not only build but will also finance this plant. It will cost $754 million (RMB 4.6 billion), which translates to a cost of $3.77 per watt of the plant’s generation capacity.
“We are very pleased to have this opportunity to cooperate with Lingwu City,” said Xiande Li, Chairman of Jinko Solar. “Our high quality pipeline of projects and stable cash flows from downstream business ensure the good return of our investors.”
Jinko is an international solar company, as it is expanding in three other countries. However, its operations are primarily in China. At the end of 2012, Jinko Solar was the 7th-largest solar module manufacturer in the world.
Image Credit: Jinko Solar
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