Oct. 18, 2013 - JinkoSolar today announced that it has signed a strategic agreement with the local authority in Electromechanical Industrial Park, Zhenjiang New Area, Jiangsu Province, to develop 120MW distributed PV power plant within 3 years.
With a total investment of more than RMB 1 billion, the project covers an area of approximately 1.2 million square meters and is designed for commercial and residential rooftop installations in Zhenjiang New Area, Jiangsu Province. JinkoSolar will be responsible for project declaration, investment, EPC, operation and maintenance. Following completion, the rooftop's owners will be able to self-generate and consume the energy and allow for excess power to be sold back to the state grid with the distributed on-grid power tariff.
"The strategic agreement signed with the local authority in Electromechanical Industrial Park, Zhenjiang New Area will aid the development of medium and small-sized distributed PV power plants in commercial areas and residential communities of eastern China, and is in line with the Chinese government's policies to develop distributed energy," commented Mr. Xiande Li, Chairman of JinkoSolar. "With JinkoSolar's renewable energy solutions, sustainable and stable clean energy sources will be provided to the properties in the area. We are glad to promote the development of distributed energy in China with the local authority in Electromechanical Industrial Park, Zhenjiang New Area, and at the same time demonstrate the important role renewable energy technology plays in boosting the sustainable development of local economy and environmental conditions."
"As a national economic technological development zone, Zhenjiang New Area has been complying with the Chinese government's policies on energy savings and emissions reduction. We hope to use stable, reliable and clean energy to provide power for the whole area. JinkoSolar is a highly recognized and respected company that has a large share of the domestic and overseas market. Its outstanding technologies and advanced environmentally friendly philosophy make JinkoSolar the ideal choice," Mr. Jianmin Xia, head of the management office of Electromechanical Industrial Park in Zhenjiang New Area, commented.