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JinkoSolar 1,177 MW Sweihan Solar PV Project Named Middle East & Africa Power Deal of the Year by Thomas Reuters’ Project Finance International


SHANGHAI, March 9th, 2018 – JinkoSolar, a global leader in the Photovoltaic (“PV”) solar industry, today announced that the Sweihan Solar PV Project has been awarded as the Middle East & Africa Power Deal of the Year by the Project Finance International (“PFI”). The 1,177 MW Sweihan Solar PV Project is owned by a joint venture between JinkoSolar, the Abu Dhabi Water and Electricity Authority (“ADWEA”), and Marubeni Corporation (“Marubeni”). PFI, a member of the world renowned media organization – Thomas Reuters, is a leading global publication on project finance.

The PFI award recognizes power projects that are not only highly successful, but trailblazers in the Middle East and Africa region. When the Sweihan Solar PV Project is completed, at 1,177 MW, it will be the world’s largest PV plant. However, the Sweihan Solar PV Project doesn’t just standout in the size of the installation, but also in its electricity generation cost. At the time of the tender, the bid from JinkoSolar and Marubeni of 0.0242 USD per kWh was the lowest cost PV tariff in the world, beating the previous low set in Chile by 16%. The project’s low generation cost was, among other factors, enabled by the use of inventive module layout design, the application of high efficiency monocrystalline solar modules, and innovations in project maintenance. The project further received competitive financing from a consortium of leading financial institutions. The editors at PFI highlighted that the Sweihan Solar PV Project was perceived as such a success by its procurer, ADWEA, that there is now talk of 1.5GW to 3GW a year of new solar PV projects in Abu Dhabi over the next few years.

“This is the second high profile award that the Sweihan Solar PV Project has won, once again, illustrating the milestone nature of the project” Mr. David Li, Chairman of JinkoSolar noted, alluding to the Middle East Solar Industry Association Large Scale Solar Project of the Year Award that the project also received. “While the MESIA Award was more focused on the technical aspects of the project, the PFI award recognizes the strength and innovativeness of JinkoSolar’s project financing capabilities” Mr. Li further explained.

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 7 GW for silicon ingots and wafers, 4.5 GW for solar cells, and 8 GW for solar modules, as of September 30, 2017.

JinkoSolar has over 15,000 employees across its 8 productions facilities globally, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates, and global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, South Africa, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Panama and Argentina.

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:

In China:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: pr@jinkosolar.com

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