Under the agreement, JinkoSolar Power will construct the 500MW PV power plant with an aggregate investment amount of RMB5bn.
Scheduled to be constructed over a period of five years, the power plant will have an annual installation target of 100MW, of which 60MW will be distributed and 40MW will be ground-mounted.
The company will commence the first phase of construction during the second half of 2014 with 50MW expected to be completed before the end of the year.
The cooperation agreement represents the efforts of the Lishui City local government to modernize energy infrastructure as well as to jointly promote the development of green energy production and consumption with JinkoSolar.
The project is expected to generate approximately 56 million kWh of power per annum while reducing emissions equivalent to saving 0.2 million tons of coal per year.
JinkoSolar chairman Xiande Li said: "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."
Image: Jinko Power signs agreement for 500MW PV Project development in Economic Development Zone of Lishui City, Zhejiang Province. Photo: courtesy of dan/Freedigitalphotos.net.
