Published on October 22nd, 2014 | by Sandy Dechert2
JinkoSolar Power Develops Another 200MW Plant in China
October 22nd, 2014 by Sandy Dechert
JinkoSolar Power, a subsidiary of Jinko Solar, has partnered with the government of Shicheng County, Ganzhou City, Jiangxi Province, China to develop a 200MW PV power plant. The aggregate investment amount required for the project is approximately $261 million (RMB1.6 billion).
Zhuokeng and Fengshan villages host the new plant. In scope and cost, it compares well with another JinkoSolar Power 200MW plant (see photo), a co-venture with Jinchuan Group Co., Ltd. (a Chinese state-owned enterprise), which has been successfully completed and connected to the grid. The completed plant is located across 11,416 acres in Jin Chang, Gansu Province, China. The investment, which uses Jinko Solar high-efficiency modules, totaled almost $300 million (RMB1.8 billion).
The new Shicheng County PV plant will be constructed over a period of four years. Construction will begin during the first half of 2015.
When completed, the JinkoSolar Power Shicheng plant is expected to generate approximately 240 million kWh of electricity annually, while improving the local environment and contributing RMB288 million of revenue to economic development. The project is expected to receive the national subsidy of $0.163 (RMB1/kWh), as well as a provincial level-subsidy of $0.326 (RMB0.2/kWh) for 20 years.
Jinko Solar is a global leader in solar PV, with production operations in China’s Jiangxi and Zhejiang Provinces and sales and marketing offices worldwide. Jinko Solar sells electricity in China and distributes solar products—including solar cells, solar modules, and mounting systems—globally to PV customers in Germany, Italy, Belgium, Spain, the United States, Eastern Europe, China, India, Japan, South Africa, and other countries and regions.
Says Xiande Li, the company’s chairman of Jinko Solar, about the new project:
“We are pleased to sign this significant PV project development agreement with the government of Shicheng County as we further expand our pipeline in Jiangxi Province. We believe this project will be a great success as we leverage the local government’s support and willingness to build clean energy infrastructure and our high-quality PV products and industry leading capabilities in PV power plant development. This project will enable us to expand our clean energy generation capacities and grow shareholders’ value.”