As per the agreement, JinkoSolar will invest and construct the PV industrial base in Lingwu including a 200MW ground-mounted PV power plant and a number of PV related supporting facilities.

To be built with a total investment of around RMB4.6bn (€556m), the project will start contraction as per the approval status of the local Development and Reform Commission, allowing for the plant’s output to be fed into the state grid.

JinkoSolar chairman Xiande Li said the company is cooperating with Lingwu City in the development of this 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.

"Our high quality pipeline of projects and stable cash flows from downstream business ensure the good return of our investors," added Li.