The project, which will require an aggregate investment amount of approximately RMB1.6bn ($260.4m), will be built in Zhuokeng and Fengshan villages, Shicheng County.

Scheduled to be constructed in phases over a period of four years, the PV power plant project will receive provincial level subsidy of RMB0.2/kWh for 20 years as well as the national subsidy of RMB1/kWh.

The first phase of project construction is scheduled to commence during the first half of 2015.

Expected to generate approximately 240 million kWh of electricity annually, the PV power plant will generate RMB288m ($46.8m) of revenue each year while improving the local environment and contributing to economic development.

JinkoSolar chairman Xiande Li said: "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.

"We believe this project will be a great success as we leverage the local government’s 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."