XIAMEN, China, Sept. 3, 2017 /PRNewswire/ -- JinkoSolar Holding
Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global
leader in the PV industry, was invited to attend the 9th BRICS
Summit hosted in Xiamen, China
from September 3rd to 5th. The theme
of the summit is "BRICS: Stronger Partnership for a Brighter
Future". At the summit, JinkoSolar will provide insight on how the
BRICS nations can fulfill their Paris Climate Agreement commitments
through further cooperation in trade and in renewable energy
development.
Paris agreement is deemed the
"world's greatest diplomatic success," as it is the first
comprehensive agreement that "brings all nations into a common
cause to undertake ambitious efforts to combat climate change." The
success of the agreement rests on a strong consensus on the cause
of global warming and a unified commitment to curb this devastating
crisis. The record low bid of 2.42
cent per kWh by JinkoSolar for the milestone 1117MW
Abu Dhabi solar project
demonstrated that solar can undercut coal as cheapest energy source
and is the most economically viable and scalable energy alternative
to coal. Solar's unique advantages of dispersed distribution and
decentralized deployment will accelerate its adoption in more and
more regions. Solar is the only feasible way to help all countries
realize energy transformation and energy independence.
"Solar is not a conventional commodity, instead, it is a
cross-boundary solution to addressing climate change and the
antidote to save our earth. The setbacks to solar amidst growing
anti-globalization will hurt our humanity in the long run. Given
its social development nature, solar products should be treated
with exception and free from nationalistic trade barriers. The
acceleration and cheapening of efforts to replace coal-fired power
plant will only be to the benefit of all 7 billion souls currently
living on our mother earth. Humanity's sustainability and survival
should be the world's upmost objective. Competing economic
interests and man-made trade barriers will only discourage the
world from coming together to tackle climate change, the most
critical issues facing our planet today and the generations to
come. Solar should be opt out of the endless trade war because the
failure to develop solar threatens the future of all people, no
matter of nationality," said Dany
Qian, Vice President of JinkoSolar.
Regarding the role New Development Bank in BRICS renewable
energy development, Dany Qian
commented that, "New Development
Bank (NDB) was set up to fund infrastructure projects in BRICS
countries and promote sustainable development. With the dramatic
drop in cost, solar projects' positive economic benefit and
investment yields has been widely witnessed. We expect that in
addition to direct investments in solar and other renewable energy
projects, NDB can act as catalysts for attracting private funds
into the sector through blended finance mechanisms that bridge the
investment gap. Moreover, we hope that NDB will be a pioneer in
launching and advancing green loans to finance clean energy
projects, and initiate more innovative green financing
tools."
Given its world' leading status, JinkoSolar has taken the lead
in transitioning the BRICS nations towards a future-oriented and
sustainable economy by driving down the cost of solar power, making
the switch to renewable energy more economically viable, and
increasing the feasibility of implementing the Paris Climate
Agreement. JinkoSolar's insights at the conference will also help
power the sustainable development of the BRICS nations.
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SOURCE JinkoSolar