A renewable energy subsidiary of Chinese solar giant JinkoSolar has today sealed a lucrative deal to develop 200 MW of solar PV in China's Jiangxi Province.
Jinko Power has been granted project development rights by the government of Shicheng County, Ganzhou City, to develop a solar PV plant that will require an aggregate investment of around RMB 1.6 billion ($261 million).
Construction will be staged in four phases over four years, with phase one penciled in to begin in the first half of next year. The plants will be located in the villages of Zhuokeng and Fengshan as part of Jiangxi Provinces ongoing pursuit of clean solar energy.
Once complete, Jinko Power hopes to secure the national subsidy of RMB1/kWh, as well as a provincial-level subsidy of RMB0.2/kWh, for a period of 20 years.
"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," said JinkoSolar chairman Xiande Li. "We believe this project will be a great success as we leverage the local governments 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."
In August it was revealed that Jinko Power had secured an inaugural agreement to build 100 MW of solar PV projects in Jiangxi Province, centred on Hengfeng County. The Province's southern and eastern location makes year-round productivity greater, avoiding the harsher winters that bedevil more northern, central and western regions.
JinkoSolar's footprint in its domestic market has grown vastly in 2014, with the company also breaking ground on a 500 MW PV project in Zhejiang and, in September, connecting 100 MW of solar PV in Jiangsu Province a feat that propelled the companys grid-connected PV capacity in the province to 300 MW.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.