JinkoSolar, a global solar PV provider, signed project investment agreements with the local government of Hengfeng county in Jiangxi Province to develop totally 100 MW PV projects. Jinko Power will own the projects and will manage the project investment and EPC as well as operations and maintenance.
According to the terms of the agreement, Jinko Power will invest approximately $130.2 million for the projects. Construction began in the third quarter and is expected to complete in the fourth quarter of 2014. After the completion, those projects will generate around 110 million kWh electricity annually, generating approximately RMB132 million revenue per year.
“Our power plant development has traditionally been in northwestern China but is now gradually moving towards China’s southern and eastern coasts resulting in a more balanced geographic mix,” said Xiande Li, chairman of JinkoSolar. “Each year, the development of projects in western China is affected by the region’s severe cold winter. Weather in China’s East and South however, is much more moderate by comparison.
“With these agreements, we will provide clean energy, create local job opportunities, improve the environment, and contribute to local economic development,” Li said.