The deal, worth RMB5bn ($812m), requires JinkoSolar to develop the PV power plant over five years.
Each year has an installation target of 100MW, of which 60MW will be distributed and the remaining 40MW ground-mounted.
Phase one of the construction work will start this year and has an installation target of 50MW to be completed by the end of the year.
Upon completion, the power plant is expected to generate about 56 million kWh of electricity annually and reduce 500,000t of carbon dioxide emissions.
According to JinkoSolar, the agreement outlines Lishui City local government’s plans to upgrade its energy infrastructure and promote green energy production and consumption.
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.
"China’s National Energy Administration encourages local governments to proactively initiate projects of this nature and engage leading clean energy companies to aid in the process. We hope to set an example by cooperating on the construction of this important project."
JinkoSolar sells electricity in China and distributes its solar products in the global PV market.
Image: The 500MW PV power plant will be developed over a period of five years. Photo: courtesy of Jinko Solar.
