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 a project
investment cooperation framework agreement (the "Agreement")
with Qinghai Provincial Department of Industry and Information
Technology, Xining Municipal Government and Xining Economic and
Technological Development Zone Management Committee (the
"Counterparties") for a joint monocrystalline silicon pull rod
project.
According to the Agreement, Jiangxi Jinko plans to build
monocrystalline silicon pull rod production lines with a total
annual production capacity of 30 GW in Xining city, Qinghai province, and the total estimated
investment is approximately RMB10
billion. This project will be constructed in two phases. In
the first phase, Jiangxi Jinko plans to build a production line
with an annual production capacity of 20 GW, with an estimated
investment of approximately RMB7
billion. The construction of the first phase will commence
in April 2022. In the second phase,
Jiangxi Jinko plans to construct a production line with an annual
production capacity of 10 GW in 2023 to 2024 with an estimated
investment of approximately RMB3
billion. The detailed plan and schedule for the project
will be subject to market conditions. According to the Agreement,
Jiangxi Jinko will build the production lines in the
designated area and will enjoy certain preferential policies
provided by the Counterparties.
Mr. Kangping Chen, CEO of Jiangxi
Jinko commented, "We are delighted to embark on this
project with the strong support of all the Counterparties. As the
demand for solar energy continues to grow globally, developing our
own production of monocrystalline silicon pull rods will not only
strengthen our in-house production capabilities, but also is a
great leap forward in our commitment to support the pledge for
carbon neutrality globally. At the same time, we are proud of
continuing to deliver the highest quality products and improving
the efficiency of our solar technology to meet the needs of all our
customers."
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.