JinkoSolar Donates 150kW PV Solar modules in Partnership with GRID Alternatives
SHANGHAI, May 21, 2013 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global PV solar power product manufacturer, today announced that it has created a strategic partnership with GRID Alternatives, a US nonprofit solar installer, to donate 150kW of its solar modules towards the installation and training of volunteers of solar electric systems exclusively for low-income homeowners.
JinkoSolar's donation will provide savings of over $1.2 million for low-income families over the systems' lifetimes, and support more than 700 hours of hands-on installation training.
GRID Alternatives' mission is to empower communities in need by providing renewable energy and energy efficiency services, equipment and training. Since 2004, GRID Alternatives has installed more than 8.5 MW of clean, renewable power for over 3000 families and has provided over 11,000 volunteers and job trainees with solar installation experience.
"JinkoSolar is delighted to have the opportunity to provide installation and training experience in clean solar energy to US low-income communities," commented Mr. Nigel Cockroft, General Manager of JinkoSolar USA. "Having participated in numerous other charitable projects across the globe, we applaud GRID Alternatives for their contribution to sustainable energy development."
"The donation of equipment from our manufacturing partners provides benefits to families who save on energy; Workers who need jobs; and an industry that needs skilled labor," said Ms. Erica Mackie, GRID Alternatives co-founder and Chief Executive Officer. "We're thrilled to have JinkoSolar as a partner."
JinkoSolar is a leading solar power product manufacturer with production operations in Jiangxi and Zhejiang Provinces in China and sales and marketing offices in Shanghai and Beijing, China; Munich, Germany; Bologna, Italy; Montpellier, France; Zug, Switzerland; San Francisco, the United States; Queensland, Australia; Ontario, Canada; Singapore ; Tokyo, Japan and Cape Town, South Africa.
JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2 GW each for silicon ingots and wafers, solar PV cells and solar PV modules as of December 31, 2012. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including Germany, Italy, Belgium, Spain, the United States, France, Eastern Europe, China, India, Japan, South Africa and other countries and regions.
About GRID Alternatives
GRID Alternatives' mission is to empower communities in need by providing renewable energy and energy efficiency services, equipment, and training. GRID Alternatives works collaboratively with communities and local organizations to identify specific needs and to develop renewable energy solutions that are environmentally, socially, and economically sustainable.
GRID Alternatives is based in Oakland, California and currently has seven dedicated regional offices serving all of California and an office in Denver, CO.
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. 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.
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