Updated: EPC firm Jinko Power, a subsidiary of major PV manufacturer, JinkoSolar is teaming with the government of Shicheng County, Ganzhou City, Jiangxi Province to develop 200MW of PV projects over a 4-year period.
The PV power plants will be built built in Zhuokeng and Fengshan villages, Shicheng County, Ganzhou City, Jiangxi Province at a cost according to JinkoSolar of approximately RMB1.6 billion (US$261.3 million).
JinkoSolar also said that the project was expected to receive the national subsidy of RMB1/kWh (US$0.16/kWh) as well as provincial level subsidy of RMB0.2/kWh (US$0.03/kWh) for 20 years. The PV power plant is expected to generate approximately 240 million kWh of electricity annually and RMB288 million US$47 million of annual revenue or around US$940 million in revenue (minus a revenue gradation of 0.8% per annum) over the 20 year period.
JinkoSolar had previously stated that it had PV project pipeline of 300MW to 400MW for 2014. In a recent IR presentation the company reported that it had achieved an installed capacity of 352MW at the end of September, with completions totalling 813MW by end of 2014. In September, JinkoSolar’s 2015 project pipeline stood at 1.8GW, with 1.1GW being classified as utility-scale and 700MW being rooftop (DG) based.