JinkoSolar Expands Office to Serve the Australian Market
Vertically integrated module manufacturer opens a new subsidiary in Queensland, Australia
SHANGHAI, February 14, 2012- JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company") (NYSE: JKS), a fast-growing, vertically integrated solar power product manufacturer based in China, today announced the addition of an Australian subsidiary, JinkoSolar Australia Co; Ltd, based in Queensland, Australia. The newly opened office will serve as a sales and delivery hub and will house approximately 4-5 MW of modules for the region, supporting the company’s stellar growth in the photovoltaic industry.
“As an international company, JinkoSolar is focused on establishing our physical presence in growing markets and we are excited to broaden our services and technology to Australia,” said David Li, JinkoSolar’s Chairman. “The Australian market is highly oriented towards renewable energy, a trend which is reflected by the establishment of the’ Zero Carbon Australia 2020 Stationary Energy Plan’. Now more than ever is the most strategic time for JinkoSolar to stake its hold in Australia’s market.” “We are seeing the reach of grid parity for the residential market in states such as New South Wales,” added Li.
Centrally located halfway between Brisbane and the Gold Coast and within close vicinity to other main regions including Sydney, Melbourne and Canberra, JinkoSolar’s new office is ideally placed for receiving deliveries and servicing JinkoSolar’s local partners. The building consists of a warehouse and an office facility. The office space is extremely modern, large and comfortable, accounting for JinkoSolar’s projected growth in the months and years ahead.
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JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a fast-growing, vertically integrated solar power product manufacturer with cost efficient operations based in Jiangxi Province and Zhejiang Province in China and sales and marketing offices in Shanghai, China, Munich, Germany, Queensland, Australia, San Francisco, U.S., Bologna, Italy, Montpellier, France and Zug, Switzerland. JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately1.2GW each for silicon ingots, wafers, solar cells and solar modules as of September 30, 2011. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market; including Italy, Germany, Belgium, Spain, the United States, France, Eastern Europe, China and other countries and regions.
Safe Harbor Statement
This press release may contain 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," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve inherent 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 public filings with the Securities and Exchange Commission, including its annual report on Form 20-F for the fiscal year ended December 31, 2010 filed with the Securities and Exchange Commission on April 25, 2011, as amended on May 10, 2011 and September 2, 2011. All information provided in this press release is as of February 14 2012. Except as required by law, JinkoSolar undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
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