JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that it will supply 21.5MW PV solar modules for the construction of the Searchlight solar project located near Searchlight, NV, approximately 50 miles south of Las Vegas.
The project was acquired by an affiliate of D. E. Shaw Renewable Investments, L.L.C. (DESRI) and Bright Plain Renewable Energy (BPRE), two investors active in the solar industry, from American Capital Energy, Inc., the initial developer of the project. Signal Energy will act as the EPC for the project and will provide operation and maintenance services once the project is completed.
70,525 high-efficiency JinkoSolar modules will be used in the construction of this project, which will generate approximately 45,000MWh of clean energy annually for NV Energy customers once it is connected to the grid by the end of 2014.
"We are very excited to have the opportunity to work with such reputable companies as DESRI, BPRE and Signal Energy on this sizeable project," said Mr. Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "Being a global leader in the industry, we are proud to be in a position where we can continually provide excellent products, while promoting a brighter, more sustainable future for the U.S. and the world."
"The Searchlight project is an important milestone in achieving Nevada's renewable energy goals," said Mr. Bryan Martin, managing director and head of U.S. growth and buyout private equity at the D. E. Shaw group. "We are pleased to be partnering with JinkoSolar, BPRE, and Signal Energy in helping transform the state's natural solar resources into a clean and reliable source of energy."
"Signal Energy Constructors is proud to provide its utility-scale solar EPC expertise to the Searchlight Solar Project," said Mr. Ben Fischer, CEO of Signal Energy Constructors. "There are great opportunities in the solar industry over the next few decades and projects like this help build a clean energy future for America."
