JinkoSolar Signs 1.43 GW Supply Agreement with sPower in the U.S.
SHANGHAI- June 5, 2018- JinkoSolar Holding Co., Ltd. (NYSE: JKS) (“JinkoSolar” or the “Company”), a global leader in the solar industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) Inc. has entered into a three-year agreement to supply 1.43GW of high efficiency modules to sPower, a leading renewable energy independent power producer.
This major supply agreement continues the strong strategic relationship between JinkoSolar and sPower. To-date, JinkoSolar has supplied over 800MW- approximately 2.5 million solar panels - for sPower’s PV projects. The agreement includes significant down payments, which will help Jinko expand manufacturing capacity in the United States and Asia.
“We have had a strong track record of success with JinkoSolar’s high quality and reliable modules, which is why we have signed another deal,” said Ryan Creamer, CEO of sPower. “JinkoSolar’s technology roadmap and cost leadership are also strong enablers for our future projects, and we look forward to maintaining our strong partnership.”
“We are very pleased to work with sPower,” said Gener Miao, JinkoSolar Vice President of Sales & Marketing. “We value the opportunity to grow our business with a visionary like sPower. JinkoSolar has been investing heavily in advanced solar technologies, and these efforts have yielded major benefits.”
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 8 GW for silicon ingots and wafers, 5 GW for solar cells, and 8 GW for solar modules, as of December 31, 2017.
JinkoSolar has over 12,000 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, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Panama and Argentina.
To find out more, please see: www.jinkosolar.com
sPower, an AES and AIMCo company, is the largest private owner of operating solar assets in the United States. sPower owns and operates a portfolio of solar and wind assets greater than 1.3 GW and has a development pipeline of more than 10 GW. sPower is owned by a joint venture partnership between The AES Corporation, a worldwide energy company headquartered in Arlington, Virginia, and the Alberta Investment Management Corporation, one of Canada’s largest and most diversified institutional investment fund managers. For more information, visit www.sPower.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
Mr. Christian Arnell
Tel: +86 10 5900 2940
In the U.S.:
Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
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