SHANGHAI, Dec. 27, 2016 /PRNewswire/ -- JinkoSolar Holding
Co., Ltd. ("JinkoSolar"), a global leader in the photovoltaic (PV)
industry, today announced that its wholly owned subsidiary,
JinkoSolar (U.S.) Inc., donated 14 kW to RE-volv, a solar
non-profit and member of the White House National Community Solar
Partnership. This donation will provide 2 local
charities with solar power.
JinkoSolar's donation significantly reduced RE-volv's
crowdfunding goal, allowing both the Serenity House in Philadelphia, PA, and the Riverwest Co-op, in
Milwaukee, WI to enjoy the
benefits of solar sooner than anticipated.
5.6 kW of high-efficiency JinkoSolar modules have been installed
on the Serenity House, an outreach ministry of the Arch Street
United Methodist Church. It serves as a safe space in the heart of
North Philadelphia, a community
beset with poverty, homelessness, and substance abuse. The roof-top
system is expected to interconnect this month, saving the Serenity
House over 15% on its monthly electricity costs. Arch Street United
Methodist Church will reinvest the savings into its community
services.
The remaining 8.4 kW will be installed on the Riverwest Co-op, a
natural food store and cafe located in Milwaukee's vibrant and diverse Riverwest
neighborhood. The co-op is dedicated to providing the community
with nutritious, wholesome food and supporting local producers
along the way. With the help of Jinko's module donation,
Riverwest Co-op will save $40,000 in
electricity costs over the lifetime of the system and keep 61 tons
of burned coal from the atmosphere. Through its revolving Solar
Seed Fund, RE-volv will use the ongoing lease payments from these
two projects to finance four more solar projects for other
community-serving nonprofits and co-ops.
"These two projects mark an important milestone for us as they
are our first projects outside of CA," declared Andreas Karelas, Founder and Executive Director
of RE-volv. "Thanks to our on the ground Solar Ambassador college
fellows spearheading the projects, and the generous support of
JinkoSolar, it's now possible for us to successfully empower
community-serving organizations with solar energy around the
country."
"JinkoSolar is proud to support RE-volv in reaching its goals in
providing solar energy to non-profits across the US," said
Nigel Cockroft, General Manager of
JinkoSolar(U.S.) Inc. "As we are a company committed to giving
back, we were excited to learn that the savings realized from our
donation will be reinvested back into the respective
communities."
About JinkoSolar
JinkoSolar (NYSE: JKS) is a global leader in the solar industry.
JinkoSolar distributes its solar products and sells its solutions
and services to a diversified international utility, commercial and
residential customer base in China, the United
States, Japan, Germany, the United
Kingdom, Chile,
South Africa, India, Mexico, Brazil, the United
Arab Emirates, Italy,
Spain, France, Belgium, and other countries and regions.
JinkoSolar has built a vertically integrated solar product value
chain, with an integrated annual capacity of 3.5 GW for silicon
ingots and wafers, 3.5 GW for solar cells, and 6.5 GW for solar
modules, as of June 30, 2016.
JinkoSolar also sells electricity in China, and had connected approximately 1,130
MW of solar power projects to the grid, as of June 30, 2016.
JinkoSolar has over 15,000 employees across its 6 productions
facilities in Jiangxi,
Zhejiang and Xinjiang Provinces,
China, Malaysia, Portugal and South
Africa, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, Spain, United
States, Canada,
Mexico, Brazil, Chile, Australia and South
Africa. 18 global sales offices in China (2) ,United
Kingdom, Bulgaria,
Greece, Romania, United Arab
Emirates, Jordan,
Saudi Arabia, Kuwait, Egypt, Morocco, Ghana, Kenya,
Costa Rica, Colombia, Brazil and Mexico.
To find out more, please see: www.jinkosolar.com
About RE-volv
RE-volv is a San
Francisco-based nonprofit that empowers people to take
direct action on climate change by crowdfunding solar energy
projects for community-serving organizations. Donations made to
RE-volv's crowdfunding campaigns grow a revolving fund that
provides solar financing for nonprofits and cooperatives across the
nation. RE-volv also raises awareness about solar energy through
its flagship Solar Ambassador Program, which trains college
students to solarize the community centers they care about. RE-volv
is an inaugural member of the White House National Community Solar
Partnership and a winner of the U.S. Department of Energy SunShot
Catalyst program's Business Innovation Award. Learn more at
www.RE-volv.org.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends, "plans," "believes," "estimates" and similar statements.
Among other things, the quotations from management in this press
release and the Company's operations and business outlook, contain
forward-looking statements. Such statements involve certain risks
and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Further
information regarding these and other risks is included in
JinkoSolar's filings with the U.S. Securities and Exchange
Commission, including its annual report on Form 20-F. Except as
required by law, the Company does not undertake any obligation to
update any forward-looking statements, whether as a result of new
information, future events or otherwise.
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SOURCE JinkoSolar Holding Co., Ltd.