JinkoSolar Invited to Attend the 9th BRICS Summit
XIAMEN, September 3, 2017-JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, was invited to attend the 9th BRICS Summit hosted in Xiamen, China from September 3rd to 5th. The theme of the summit is “BRICS: Stronger Partnership for a Brighter Future”. At the summit, JinkoSolar will provide insight on how the BRICS nations can fulfill their Paris Climate Agreement commitments through further cooperation in trade and in renewable energy development.
Paris agreement is deemed the “world’s greatest diplomatic success,” as it is the first comprehensive agreement that “brings all nations into a common cause to undertake ambitious efforts to combat climate change.” The success of the agreement rests on a strong consensus on the cause of global warming and a unified commitment to curb this devastating crisis. The record low bid of 2.42 cent per kWh by JinkoSolar for the milestone 1117MW Abu Dhabi solar project demonstrated that solar can undercut coal as cheapest energy source and is the most economically viable and scalable energy alternative to coal. Solar’s unique advantages of dispersed distribution and decentralized deployment will accelerate its adoption in more and more regions. Solar is the only feasible way to help all countries realize energy transformation and energy independence.
“Solar is not a conventional commodity, instead, it is a cross-boundary solution to addressing climate change and the antidote to save our earth. The setbacks to solar amidst growing anti-globalization will hurt our humanity in the long run. Given its social development nature, solar products should be treated with exception and free from nationalistic trade barriers. The acceleration and cheapening of efforts to replace coal-fired power plant will only be to the benefit of all 7 billion souls currently living on our mother earth. Humanity’s sustainability and survival should be the world’s upmost objective. Competing economic interests and man-made trade barriers will only discourage the world from coming together to tackle climate change, the most critical issues facing our planet today and the generations to come. Solar should be opt out of the endless trade war because the failure to develop solar threatens the future of all people, no matter of nationality,” said Dany Qian, Vice President of JinkoSolar.
Regarding the role New Development Bank in BRICS renewable energy development, Dany Qian commented that “New Development Bank (NDB) was set up to fund infrastructure projects in BRICS countries and promote sustainable development. With the dramatic drop in cost, solar projects’ positive economic benefit and investment yields has been widely witnessed. We expect that in addition to direct investments in solar and other renewable energy projects, NDB can act as catalysts for attracting private funds into the sector through blended finance mechanisms that bridge the investment gap. Moreover, we hope that NDB will be a pioneer in launching and advancing green loans to finance clean energy projects, and initiate more innovative green financing tools”
Given its world’ leading status, JinkoSolar has taken the lead in transitioning the BRICS nations towards a future-oriented and sustainable economy by driving down the cost of solar power, making the switch to renewable energy more economically viable, and increasing the feasibility of implementing the Paris Climate Agreement. JinkoSolar’s insights at the conference will also help power the sustainable development of the BRICS nations.
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 5.0 GW for silicon ingots and wafers, 4.0 GW for solar cells, and 6.5 GW for solar modules, as of March 31, 2017.
JinkoSolar has over 15,000 employees across its 8 productions facilities in China(5), Malaysia, Portugal and South Africa, 15 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia and South Africa, and 18 global sales offices in China (2) ,United Kingdom, Bulgaria, Greece, Romania, United Arab Emirates, Jordan, Saudi Arabia, Kuwait, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Brazil and Mexico.
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:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
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