SHANGRAO, China, March 18,
2022 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or
the "Company") (NYSE: JKS), one of the largest and most innovative
solar module manufacturers in the world, today announced that its
principal operating subsidiary, Jinko Solar Co., Ltd. ("Jiangxi
Jinko"), has entered into an investment framework agreement
(the "Agreement") with the Shangrao Guangxin District Government
("Guangxin District Government") for a high-efficiency solar module
and PV module aluminum frame project.
According to the Agreement, Jiangxi Jinko plans to manufacture
an aggregate of 24 GW of high-efficiency solar modules and 100,000
tons of PV module aluminum frames in Shangrao city, Jiangxi province, with a total estimated
investment at approximately RMB10.8
billion. The project is comprised of three phases. In
the first phase, Jiangxi Jinko plans to produce 8 GW of
high-efficiency solar modules. The project is expected to be
operational by December 15, 2022, and
be fully operational by June 15,
2023. In the second phase, Jiangxi Jinko plans to produce 8
GW of high-efficiency solar modules. The construction is expected
to commence in the fourth quarter of 2023. In the third phrase,
Jiangxi Jinko plans to produce 8 GW of high-efficiency solar
modules and 100,000 tons of PV module aluminum frames.
The construction is expected to commence in the third quarter
of 2025. The detailed plan and schedule for the project are subject
to further negotiations between Jiangxi Jinko and the Guangxin
District Government. According to the Agreement, Jiangxi Jinko will
develop the project in the designated area and will enjoy certain
preferential policies provided by the Guangxin District
Government.
Mr. Kangping Chen, CEO of Jiangxi
Jinko commented, "We are delighted to receive the strong
support of the Guangxin District Government for this major project.
Backed by local policies and industrial supply chain in Shangrao
city, this project will help the Company to ramp up to realize the
full potential of its in-house integrated production capacity, and
ensure the production and delivery of high-efficiency products over
the next few years. As we continue to optimize our supply chain to
bring greater value to our end customers, our growing
infrastructure and resources solidify our commitment to excellent
customer service, and to lead the industry with quality and
reliable modules."
JinkoSolar currently owns approximately 58.62% equity interest
in Jiangxi Jinko.
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 32.5 GW for mono
wafers, 24 GW for solar cells, and 45 GW for solar modules, as of
December 31, 2021.
JinkoSolar has 12 productions facilities globally, 22 overseas
subsidiaries in Japan,
South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the
United States, Mexico,
Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE and Denmark, and global
sales teams in Mainland China, the
United States, Canada,
Germany, Switzerland, Italy, Japan,
Australia, Korea, India, Turkey, Chile, Brazil, Mexico and Hong
Kong, as of December 31, 2021.
To find out more, please see: www.jinkosolar.com
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:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: ir@jinkosolar.com
Mr. Rene Vanguestaine
Christensen
Tel: + 86 178 1749 0483
Email: rvanguestaine@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.