SHANGHAI, March 17, 2017 /PRNewswire-FirstCall/ --
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company")
(NYSE:JKS), a global leader in the photovoltaic (PV) industry,
today announced that its wholly owned subsidiary, JinkoSolar (U.S.)
Inc., will partner with CleanFund Commercial PACE Capital to offer
long-term project financing to US commercial project customers
through the SolarPACETM program.
SolarPACETM is designed to maximize solar energy cash
flow to commercial and industrial (C&I) property owners.
CleanFund fully funds the installation of the system, while end
users re-pay CleanFund through property taxes over terms as long as
30 years. SolarPACETM solves most credit challenges
found in commercial solar project financing. There are
solutions for tenants who are leasing their properties, as well as
flexible options to utilize solar tax credits. Project
developers who use JinkoSolar modules together with
SolarPACETM will be eligible for incentives that will
lower their project costs.
"SolarPACETM is an excellent fit for the C&I
space because it uniquely maximizes cash flow for the end customer,
a value proposition we think our customers will find useful for
their sales toolkits," said Nigel
Cockroft, General Manager at JinkoSolar (U.S.) Inc. "We
always seek to enhance our installers' competitiveness, and this
partnership with CleanFund will be key to that effort."
"As a provider of long-term financing, we appreciate projects
integrated with high quality materials from reliable suppliers,"
said Brandon Deno, Vice President of
Solar at CleanFund. "JinkoSolar has a proven reputation as a
dependable and world-class module manufacturer."
About JinkoSolar Holding Co., Ltd.
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
5.0GW for silicon ingots and wafers, 4.0GW for solar cells, and 6.5
GW for solar modules, as of December 31, 2016.
JinkoSolar has over 15,000 employees across its 6
productions facilities in Jiangxi, Zhejiang and Xinjiang
Provinces, China, Malaysia, Portugal and South
Africa, and 15 overseas subsidiaries across Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United
States, Canada,
Mexico, Brazil, Chile, Australia and South
Africa. JinkoSolar has 18 global sales offices across
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 CleanFund Commercial PACE Capital
CleanFund Commercial PACE Capital is the leading direct provider
of long-term financing of Property Accessed Clean Energy ("PACE")
for energy efficiency, water conservation, renewable energy and
seismic improvements to commercial, multifamily and other
nonresidential properties in the U.S. CleanFund's SolarPACE
financing product typically delivers the highest Net Present Value
("NPV") and greatest near-term positive cash flow of any solar
financing option. For more information, please visit
www.CleanFund.com/jinkosolar
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.
For investor and media inquiries, please contact:
In China:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: ir@jinkosolar.com
Mr. Christian Arnell
Christensen, Beijing
Tel: +86 10 5900 2940
Email: carnell@christensenir.com
In the U.S.:
Ms. Linda Bergkamp
Christensen, Scottsdale,
Arizona
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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SOURCE JinkoSolar Holding Co., Ltd.