JinkoSolar Enters into Supply Agreement with Vivint Solar
SHANGHAI, June 16, 2015 – JinkoSolar Holding Co., Ltd. (“JinkoSolar” or “the Company”) (NYSE: JKS), a global leader in the photovoltaic (PV) industry, today announced it has entered into a supply agreement to be a strategic partner to Vivint Solar (NYSE: VSLR), a leading provider of distributed solar energy to residential customers in the United States.
In 2014, 1.2 GW of residential solar was installed in the U.S. making it the third consecutive year where the U.S. residential market has seen an annual growth rate of over 50%. With Vivint Solar being one of the most prominent players in the U.S. residential market and JinkoSolar a leading global PV module manufacturer, this is a partnership that will help both companies continue to provide the highest quality solar systems and services available.
JinkoSolar’s high efficiency modules will be made available to Vivint Solar’s customer base, allowing both companies to contribute to the exponential growth in the residential solar space in the U.S.
“Securing our relationship with JinkoSolar is a decision that we are confident in,” said Mr. Jan Newman, Vice President of Business Development at Vivint Solar. “We are always looking to support and join with innovators and companies that we know will provide the most value to our solar customers.”
“We are proud to be supplying our high efficiency modules to Vivint Solar, and we gained the trust from Vivint Solar by our stable financial condition.” said Mr. Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. “We believe this strategic relationship with Vivint Solar will support our overall goal of making solar more accessible to American homeowners, increasing clean energy generation in the U.S. The signing of this supply agreement will further solidify our strategic relationship enabling us both to grow rapidly, while providing valuable, affordable technology to the solar industry and our customers.”
About Vivint Solar
Vivint Solar (NYSE: VSLR) is a leading provider of distributed solar energy – electricity generated by a solar energy system installed at a customer's location – to residential customers in the United States. Vivint Solar's customers pay little to no money upfront, receive significant savings relative to utility generated electricity and continue to benefit from guaranteed energy prices over the 20-year term of their contracts. Vivint Solar finances, designs, installs, monitors and services the solar energy systems to make things easy for its customers. For more information visit www.vivintsolar.com or follow @VivintSolar.
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is a global leader in the solar industry. 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 3 GW for silicon ingots and wafers, 2.0 GW for solar cells, and 3.5 GW for solar modules, as of March 31, 2015. JinkoSolar also sells electricity in China, and has connected approximately 617 MW of solar power projects to the grid, as of March 31, 2015.
JinkoSolar has over 15,000 employees across its 5 productions facilities in Jiangxi and Zhejiang Provinces, China, Malaysia, Portugal and South Africa, 12 global sales offices in China, Spain, the United Kingdom, the United Arab Emirates, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Brazil, Costa Rica and Mexico and 11 oversea subsidiaries in Germany, Italy, Switzerland, the United States, Canada, Australia, Singapore, Japan, India, South Africa and Chile.
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 JinkoSolar related investor and media inquiries, please contact:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21 6061 1792
For Vivint Solar related investor and media inquiries, please contact: