SHANGHAI, Oct. 31, 2018 /PRNewswire-FirstCall/ -- JinkoSolar
Holding Co., Ltd. ("JinkoSolar" or "Company"), (NYSE code: JKS) one of the world's largest solar module manufacturers, announced
today that it has entered into the Contract for the Supply of PV Modules with Decmil Australia Pty Ltd on September 27, 2018, for supply 255MWp of its high efficient solar panels for the Sunraysia Solar Farm
("Project") developed by Maoneng Group. The Sunraysia Solar Farm is expected to be the largest solar farm to have commenced
construction in Australia this year and will also be one of the largest solar farms in the world
upon construction completion. The Project will also include a large scale battery storage array.
The Project is being developed by Maoneng Group ("Maoneng"), an Australian-Chinese developer, owner and operator of renewable
power generation assets. Maoneng has a development pipeline of 500MW of solar farms within Australia and sells energy and large-scale generation certificates ("LGCs") to Australian businesses and
governments through a combination of medium and long-term contracts. Maoneng commissioned a 13MW solar farm under the ACT
Government's Reverse Solar Auction scheme in November 2016. Maoneng reached Financial Close for the
255MWp Sunraysia Solar Farm in October 2018.
The Sunraysia project forms a key step of AGL Energy ("AGL")'s plan to replace the aging and increasingly decrepit Liddell
coal-fired generator. This Project is underpinned by two world class Power Purchase Agreements (PPAs) under which UNSW Sydney and
AGL purchase energy over 15 years. The Project is expected to generate around 400 construction jobs in Balranald, leading to
significant local economic growth and creating opportunities among local community as to participate in the renewable energy
sector.
JinkoSolar has been chosen to supply all 255MWp panels, including its latest HC Cheetah series products, for the Project
attributable to the high efficiency and reliability of its solar panels, its plentiful experiences in global utility-scale
projects, and good records of duly delivery.
"JinkoSolar has demonstrated professionalism as a tier one global manufacturer. We look forward to the cooperation with
JinkoSolar not only on this Sunraysia Solar Farm over the next 14 months, but also on future pipeline projects in Australia and the greater South East Asia region," said Morris Zhou, Group Executive Director of Maoneng.
"JinkoSolar's panels deliver cost-competitive power with proven long-term reliability, and we are proud to play a significant
role in serving AGL's goals for generating clean and renewable solar power," said Gener Miao,
Sales & Marketing VP of JinkoSolar.
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the world's largest and foremost solar module manufacturers. JinkoSolar distributes its solar
products and sells its solutions and services to a diversified international utility, commercial and residential customer base in
China, the United States, Japan, Germany, the United Kingdom,
Chile, South Africa, India,
Mexico, Brazil, the United Arab
Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a
vertically integrated solar product value chain, with an integrated annual capacity of 9 GW for silicon ingots and wafers, 5 GW
for solar cells, and 9 GW for solar modules, as of June 30, 2018.
JinkoSolar has over 12,000 employees across its 6 productions facilities globally, 15 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada,
Mexico, Brazil, Chile,
Australia and United Arab Emirates, and global sales teams in
United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Kenya, South Africa, Costa Rica, Colombia, Panama and
Argentina.
To find out more, please see: www.jinkosolar.com
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and
similar statements. Among other things, the quotations from management in this press release and the Company's operations and
business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause
actual results to differ materially from those in the forward-looking statements. Further information regarding these and other
risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form
20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether
as a result of new information, future events or otherwise.
For investor and media inquiries, please contact:
In China:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: ir@jinkosolar.com
Mr. Christian Arnell
Christensen
Tel: +86 10 5900 2940
Email: carnell@christensenIR.com
In the U.S.:
Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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SOURCE JinkoSolar Holding Co., Ltd.