April 16, 2014 - JinkoSolar today announced that its 24MW solar PV power plant in Xinyi, Jiangsu Province and 15MW solar PV power plant in Lianyungang, Jiangsu Province were successfully connected to the grid.
The 24MW Xinyi and 15MW Lianyungang power plants were granted blended 20-year subsidies of 1.125RMB/KWh and 1.1RMB/KWh, respectively, including subsidies from the local government. Both locations are among areas with the highest insolation level in Jiangsu Province.
"These two new projects are just the beginning as we focus on improving our competitive position in project development in China," commented Mr. Xiande Li, Chairman of JinkoSolar. "Having been successful in Western China, we are now expanding our downstream business into China's eastern provinces. The addition of these two successful projects demonstrates our commitment to expanding eastward as we continue to grow our PV project portfolio in 2014."