JinkoSolar Supplies 24MW of PID-Free Eagle Modules for Project in Thailand
SHANGHAI, China, Mar. 22, 2016 – JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has supplied 24MW of high-efficiency PID-free (“potential induced degradation”) Eagle modules to Gunkul Engineering Public Company Limited, a leading power producer and EPC company in Thailand, for a project in southern Thailand. The project has been connected to the grid and is operating.
Located close to the east coast of the Gulf of Thailand in Prachuap Khiri Khan Province, the project has to withstand tropical monsoons along with high temperature and humidity all year round, posing big challenges to regular solar modules. Under those circumstances, JinkoSolar`s Eagle series products, one of the world`s first PID-free modules that are certified against severe environmental conditions, were chosen for this project.
“We are glad to work with Gunkul on this project in southern Thailand,” commented Mr. Gener Miao, vice president global sales and marketing of JinkoSolar. “The Thai government`s great enthusiasm towards renewable energy, especially solar energy, has created great demand with solar power: the solar power generation is expected to reach 9% of total power generation by year 2036. We have been working closely with our local partners and have built a solid reputation. The superior performance of JinkoSolar`s products, their adaptability to the local environment and ability to prevent unnecessary power loss could protect the project from region`s extreme environment effect and maximize the customer`s return on their investment.”
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, 2.5 GW for solar cells, and 4.3 GW for solar modules, as of December 31, 2015. JinkoSolar also sells electricity in China, and had connected approximately 1,006.6 MW of solar power projects to the grid, as of December 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
Long-term exposure to extreme environments with positive voltage bias can cause current to diminish resulting in significant power loss within the first few months of operation. This phenomenon is referred to as potential induced degradation (PID) and will lead to dramatic corrosion and performance reduction of solar modules. Hot and humid conditions accelerate the effects of PID. As one of the first PID Free modules, JinkoSolar`s Eagle series were chosen to prevent power loss and maximize the customer`s return on their investment.
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:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21 5183 3056
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