JinkoSolar Holding Co., Ltd. (NYSE:JKS): To Supply 35 MW for the Avalon Solar Project in Arizona


Dallas, Texas 05/16/2014 (FINANCIALSTRENDS) – JinkoSolar Holding Co., Ltd. (NYSE:JKS) recently announced that the company will supply 35 MW of solar PV modules to a renowned clean energy finance and management company Clenera towards the construction of the Avalon Solar Project. JinkoSolar will supply 114,750 pieces of high efficiency 305W PV modules for the project.

The Project is expected to begin during the current quarter, with completion expected to be around the last quarter of current fiscal. Engineering, procurement and construction services for the Avalon Solar Project will be provided by Swinerton Renewable Energy which is known to offer turnkey solar power solutions and is generally regarded as the trusted partner in most of the markets it serves.

The Avalon Solar Project:

This large scale solar system project is located in Pima County, Arizona and will be built on 500 acres of land site. The site was chosen in compliance with an EPA (Environmental Protection Agency) program. The Avalon Solar Project is expected to create nearly 300 construction jobs while generating close to $4 million in property tax revenue. The Project is expected to produce sufficient energy to power 7,000 homes and will help the state to achieve the mandate of at least 15% renewable energy production by 2025. The project is anticipated to save 53,000 tons of CO2. The power generated at the Project will be sold to Tucson Electric Power Company.

Company Brief:

JinkoSolar Holding Co., Ltd. (NYSE:JKS) is a worldwide leader in the solar PV industry and operates an annual production capacity of 2.1 GW for solar modules and about 2 GW for solar cells, wafers and silicon ingots. The company’s production capacities are located in Zhejiang and Jiangxi in China and global sales and marketing offices in China, Germany, Italy,Switzerland, Japan, Singapore, Canada, Australia, South Africa and the U.S.

JinkoSolar Holding Co., Ltd. (NYSE:JKS)’s stock yesterday closed at $23.85, losing around 9.18% from its previous closing.