Jinko Solar’s project arm Jinko Power has agreed a 500MW project development plan with local authorities in Zhejiang Province, China.
The five-year deal with the Economic Development Zone of Lishui City in Zhejiang will seek to build 100MW a year with a 60:40 in favour of distributed projects over ground-mounted.
Construction is scheduled to begin before the end of the year with a goal of installing 50MW before 2015.
“By signing this agreement, we are expanding the scale and scope of our PV project pipeline while improving the environment and contributing to local economic development,” said Xiande Li, chairman of JinkoSolar. “China’s National Energy Administration encourages local governments to proactively initiate projects of this nature and engage leading clean energy companies to aid in the process. We hope to set an example by cooperating on the construction of this important project,” he added.
In January 2014, Jinko Solar acquired the manufacturing assets of Zhejiang-based Topoint while it was undergoing restructuring under the supervision of Haining City government and Haining City People’s Court.
Jinko acquired at least 500MW of cell and wafer capacity and 100MW of module capacity.
Topoint’s website claims that it employs 1500 people.