JinkoSolar Passes California Energy Commission's Module Tests and Becomes Eligible for California's
SHANGHAI, Sept 10, 2010 /PRNewswire via COMTEX/ --
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a fast-growing solar product manufacturer with low-cost operations based in China, today announced that the Company's JKMXXXM-72 (XXX=175-185W), JKMXXXM-60 (220-240W) and JKMXXXP-60 (220-240W) solar modules meet the requirements of the California Energy Commission ("CEC") and have thus been added to the list of Senate Bill 1 ("SB1") Guidelines compliant photovoltaic ("PV") modules eligible for finance and project incentives in the state of California, Hawaii and some other states in the U.S.
The CEC, which specifies criteria for SB1 Guidelines compliant PV modules, conducts stringent PV module tests on module power, voltage, current, irradiance and operating temperature. The CEC's PV module requirements are standard practice for solar companies in California and recognized by Hawaii and some other states in the U.S. as one of the highest PV module standards.
"Meeting CEC requirements is a major step for JinkoSolar," said Mr. Xiande Li, Chairman of the Board of Directors at JinkoSolar. "With our UL certification and CEC eligibility, we can access the entire U.S. market, which will allow us to further develop our overseas business. We have high aspirations for the U.S. solar market, especially with strong government support through initiatives such as SB1. With our high-quality, SB1 Guidelines compliant solar modules and our potential new sales office in San Francisco, we believe we are poised to capitalize on the growth of the U.S. solar market."
About JinkoSolar Holding Co., Ltd.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a fast-growing solar product manufacturer with low-cost operations based in Jiangxi Province and Zhejiang Province in China. JinkoSolar has built a vertically integrated solar product value chain from recovered silicon materials to solar modules. JinkoSolar's principal products are silicon wafers, solar cells and solar modules. As of December 31, 2009, JinkoSolar had an aggregate of more than 440 silicon wafer, solar cell and solar module customers from China, Hong Kong, Taiwan, the Netherlands, Germany, the United States, India, Belgium, Singapore, Korea, France, Spain and Israel and other countries or regions. For more information about JinkoSolar, please visit http://www.jinkosolar.com .
The California Energy Commission is the state's primary energy policy and planning agency. Created by the Legislature in 1974 and located in Sacramento, the CEC responsibilities include: forecasting future energy needs and keeping historical energy data; licensing thermal power plants; promoting energy; supporting public interest energy research that advances energy science and technology; providing market support to renewable technologies; providing incentives for solar, wind and fuel cell electricity systems; developing and implementing the state Alternative and Renewable Fuel and Vehicle Technology Program; administering more than $300 million in American Reinvestment and Recovery Act funding; and planning for and directing California's response to energy emergencies. With energy challenges facing California, the CEC and its dedicated staff of state employees stand ready to turn challenges into opportunities and help Californians continue to have energy choices that are affordable, reliable, diverse, safe, and environmentally acceptable. For more information about the CEC, please visit http://www.energy.ca.gov/ .
Forward Looking Statements
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 involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks outlined in the Company's public filings with the Securities and Exchange Commission, including the Company's registration statement on Form F-1, as amended. All information provided in this press release is as of September 10, 2010. Except as required by law, the Company 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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