SHANGRAO, China, Aug. 18,
2020 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the
"Company" or "JinkoSolar") (NYSE: JKS), one of the largest and most
innovative solar module manufacturers in the world, today announced
that it has signed a contract with Shanghai Electric to supply
approximately 1 GW of solar modules for Phase V of the Dubai
Electricity and Water Authority ("DEWA") Solar Park. The DEWA
project is located in Dubai, and
is part of the government's sustainable development to support the
Dubai Clean Energy Strategy 2050 with the goal of providing 75% of
Dubai's total power output from
clean energy sources by 2050.
JinkoSolar will supply its high efficiency Swan series modules,
which will meet the high requirements of Dubai's scorching temperatures and on the
levelized cost of energy ("LCOE"). The innovative, bifacial design
and low operating temperature of the modules were chosen to help
achieve high power gain, effectively reduce LCOE and improve ROI
for the project.
At the same time, in order to further strengthen cooperation in
the field of renewable energy, JinkoSolar reached a strategic
partnership agreement with Shanghai Electric based on the long-term
cooperation between the two parties. JinkoSolar's strong reputation
for its mature global distribution network and highly enriched
experience managing overseas projects were perfectly matched with
the renewable energy transformation goals of Shanghai Electric.
Both parties intend to fully cooperate in the development, bidding,
investment and construction of overseas solar projects by
leveraging their respective strengths and jointly contribute to the
development of the global solar market.
Mr. Min Cao, President of
Shanghai Electric Power Generation Group, commented, "We are
pleased to work with a leading global PV manufacturer such as
JinkoSolar. Challenges in raw material procurement and delayed
delivery time caused by the global pandemic, are just some of the
issues JinkoSolar has helped support Shanghai Electric in the DEWA
Phase V project. In the near future, we look forward to explore new
opportunities to work together in more overseas regions and promote
the sustainable development of renewable energy sources around the
world."
Mr. Xiande Li, Chairman of
JinkoSolar, commented, "We greatly appreciate Shanghai Electric for
their trust and confidence in JinkoSolar. We have always been
committed to excellent customer service and to put our customer's
interest first at all times. JinkoSolar will continue to ensure the
timely delivery and reliability of our premium, high-quality
products for the DEWA Phase V project. Also, we are excited about
exploring more opportunities with Shanghai Electric, deepening our
partnership and further expand China's contribution to the global solar
industry."
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the largest and most innovative
solar module manufacturers in the world. 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 17.5 GW for mono
wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of
March 31, 2020.
JinkoSolar has over 15,000 employees across its 7 productions
facilities globally, 14 overseas subsidiaries in Japan, South
Korea, Vietnam,
India, Turkey, Germany, Italy, Switzerland, United
States, Mexico,
Brazil, Chile and Australia, and global sales teams in
China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi
Arabia, Tunisia,
Morocco, Kenya, South
Africa, Costa Rica,
Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri
Lanka, Thailand,
Vietnam, Poland and Argentina.
To find out more, please see: www.jinkosolar.com
About Shanghai Electric
Shanghai Electric is a large integrated equipment manufacturing
group specialized in energy equipment, industrial equipment and
integration services. It is committed to providing customers with
solutions to technology integration and systems incorporating
green, eco-friendliness, intelligence and Internet. Its products
include thermal generator set (coal power, gas power), nuclear
power units, wind power equipment, power T&D equipment,
environmental protection equipment, automation equipment,
elevators, rail transit and Industrial Internet, etc. Since the
reform and opening up, numerous world leading innovative products
have been produced by Shanghai Electric, such as the world's first
set of 1,000 MW ultra-supercritical double reheat power unit, 3rd
& 4th generation nuclear island and conventional island major
devices, large offshore wind power equipment, high-frequency motors
for the West–East Gas Pipeline Project., etc.
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:
Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@jinkosolar.com
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SOURCE JinkoSolar Holding Co., Ltd.