As part of the deal, JinkoSolar will develop a PV industrial base in Lingwu and invest in a number of PV related supporting facilities in the region.

The company noted that the investment for the project is expected to be around RMB4.6bn ($750m).

The power generated from the new plant will be connected to the state grid, and construction will be started, according to the approval status of the local development and reform commission.

JinkoSolar Holding chairman Xiande Li said the company will cooperate with Lingwu City in the development of significant comprehensive renewable energy project.

"The selection of JinkoSolar further solidifies our leadership position in the domestic solar PV market, especially on project development side," Li added.