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SB Energy Holdings Limited (“SB Energy”), has announced the commencement of commercial operation of its 350 MW solar power plant located in Andhra Pradesh.

Read more: SB Energy of the SoftBank Group commissions...

ReNew Power Ventures Pvt. Ltd., India’s leading renewable energy Independent Power Producer, announced the commissioning of its 143 MW solar farm in Dichpally, located in Nizamabad district of Telangana.

Read more: ReNew Power commissions the largest solar farm...

MoU between NTPC and MOP for 2017-18

22nd Jun, 2017

Memorandum of Understanding (MoU) for the year 2017-18 between NTPC and Ministry of Power, Govt of India was signed on 20th June, 2017.

As per the MOU, NTPC has generation target of 250 Billion Units during the year under "Excellent" category. Revenue target from Operations under "Excellent" category is Rs 79,280 Crore.

In addition to above, parameters related to financial performance, operational efficiency, CAPEX, projects monitoring and HR Management are also part of MoU in line with guidelines of Department of Public Enterprises.

NTPC is the largest power utility company in India with a total installed capacity of 51,635 MW. Company has presence in Coal , Gas , Solar PV, Hydro and Wind Power Generation and Coal Mining.


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Read more: MoU between NTPC and MOP for 2017-18

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  • (L-R(L-R ) Ulhas Pawar, Sandeep Waslekar, President Startegic Foresight Group, Hanmant Gaikwad, MD & Chairman, BVG , Sharad Pawar, Nitin Gadkari, Raghunath Mashelkar, Umesh Mane, Joint MD, BVG, Arunima Sinha, Goodwill Ambasador, BVG
  • Hanmant Gaikwad, Chairman of BVG appreciated by Sharad Pawar & Nitin Gadkari for the success and determination
  • BVG announces major expansion plans
  • To foray into affordable housing & agriculture
A Marathi entrepreneur in the form of Hanmant Gaikwad has brought change in the service sector. His success has brought glory to Maharashtra and is pride of all Marathi people, said Union Road, Surface Transport and Shipping Minister Nitin Gadkari.
 
Shri. Gadkari spoke at the Silver Jubilee function of Bharat Vikas Group. Former Minister for Agriculture, Sharad Pawar, Chairman of the Strategic Group, Sandeep Vasalekar; Veteran Scientist, Dr. Raghunath Mashelkar; Hanmant Gaikwad, Chairman of Bharat Vikas Group (BVG) and Vice Chairman, Umesh Mane; Arunima Sinha; the Goodwill Ambassador of BVG were also present on the dais.
 
Three apps were launched at the occasion. ‘108’, the app designed for an emergency situation, was launched by Arunima Sinha. Domestiqa, the app for domestic services, was launched by Sandeep Vasalekar. Booklet app, the audio book app, was launched by Dr. Mashelkar. Amrut Deshmukh, who read books for the app, was felicitated. Also, the book ‘BVG Krishi Tantradnyan’ and the Gram Vikas App were launched by Sharad Pawar. Suryakant Mane, the first employee of the group and Tata Motors, the first customer, were also felicitated on the occasion. The logo of the BVG Nivara, the affordable housing scheme, was unveiled by Shri. Gadkari.
 
Speaking on the occasion, Shri. Gadkari said, “My familiarity with Hanmantrao grew more and more during the last 8-10 years. He succeeded not only in Maharashtra but outside of the state as well. Today, Prime Minister Narendra Modi praised him. He has brought glory to Maharashtra. His achievements are the pride of the Maharashtra and Marathi people. While running his business he teaches people how to conduct themselves as human and this is his true greatness. The conduct of the people trained by him is ideal.”
 
Praising Shri. Gaikwad’s work, he said that influenced by Swami Vivekananda’ ideology, he has still his feet on the ground even after achieving so much success. He advised Shri. Gaikwad that ‘You have made Marathi people successful in Delhi, now venture out to the world.”
 
Dr. Mashelkar said that because of Gaikwad, the children from Varangwadi could get the chance of interacting with the scientists at Kuala Lumpur. He said that inequality since birth is a problem in India and the BVG should work to remove it. In his welcome address, Shri. Gaikwad said, “Today’s program is actually the expression of gratitude. The credit for today’s success goes to our entire team. We are trying to bring change in the lives of 50 lakh people. We are trying to bring domestic help under the social security net like ESI and PF. We are planning to facilitate affordable houses. We are looking at opportunities in Cambodia and Zimbabwe.”
 
Boy from Satara Reached Cambodia: Pawar
 
Speaking at the occasion, Sharad Pawar said, “Gaikwad has reached new heights of achievements after coming from a drought-prone area. While entering parliament, the cleaning equipment of the BVG is what we see first. Then only we can enter the parliament. The guy from Satara has reached Cambodia and he will reach Japan and US tomorrow.”
 
He mentioned BVG‘s work saying, “BVG is using the plastic to make environment-friendly products. The local bodies should take their advantage. BVG is also working in the solar energy sector. The society will benefit from it without doubt. Today, BVG is providing shelter and employment to 70 thousand families.”
 
Read more: BVG Celebrates Silver Jubilee in Grand Style

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  • ImageImage for representation purpose only
Sterling and Wilson, one of the dominant global forces in the solar-PV space, has bagged Turnkey Engineering Procurement and Construction along with Operation & Maintenance contract for the world’s largest single location solar PV plant in Sweihan, Emirates of Abu Dhabi. The project will deliver a capacity of 1177 MWp, easily surpassing the current largest 850 MWp single location plant in China.
 
With construction already underway, the prodigious plant, which is spread over a desert area of 7.8 sq. km, is scheduled to be fully integrated with the grid in a record timeline of just 23 months. To top it all, the project was awarded at the lowest ever recorded bid in the history of PV solar.
 
The plant is jointly developed by Marubeni, a Japanese integrated trading and investment giant, along with Jinko, a global leader in the solar industry, and Abu Dhabi Water and Electricity Authority (ADWEA). The consortium has successfully bid a tariff of USD 2.42 cents per kilowatt hour, marking the lowest cost ever for solar power. This is a positive demonstration of the promising future of clean energy, reducing the dominance of fossil-fuel-backed power plants.  
 
The prestigious project will play a major role in the Emirates of Abu Dhabi achieving its aim of sustainability and energy diversification, through the use of clean energy/low carbon growth in accordance with the world’s vision of long-term environmental stewardship.
 
The plant, once commissioned, would save around 7 million tonnes of carbon emissions every year, a number that would be a national landmark. To put it in perspective, 1177 MWp can power around 1,95,000 homes, thus contributing to the welfare of the current as well as the future generations of the people of the UAE.
 
“We are fully geared and very excited to be a part of this important milestone in the global solar market”, said Bikesh Ogra, President – Renewable Energy, Sterling and Wilson.
 
Owing to the favorable government policies, India is now the 3rd largest market for solar in the world, allowing Sterling and Wilson the opportunity to become the leading solar EPC in the country. The company has created a global brand and has now grown to be the world’s largest solar EPC player outside USA and China.
 
Laying emphasis on the need to be competitive, he further added, “The strongest contributor to this tariff is the capital expense driven by lower equipment cost and a highly efficient system design. Our unique design offerings and state-of-the-art robotics optimizes the yield and performance of the plant”
 
Sterling and Wilson also has to its credit >1400 MW of best performing solar power plants in various geographies with a powerhouse of more than 3000 qualified engineers, project managers and designers.
 
As the acceleration of growth in the energy sector has increased worldwide, Sterling and Wilson has ventured into the wind and energy storage sectors, covering the entire canvas in the renewable sector. Backed by its robust resources in project management, project implementation and project engineering, with projects completed in the Philippines and South Africa, and a number of projects in Zambia, Niger and Morocco under construction, the company is fully geared to deliver more than 3000 MW every year.

About Sterling and Wilson

Sterling and Wilson is an excellent example of how the Shapoorji Pallonji family has nurtured long-term associations with its business partners. The Mistry and Daruvala families have been partners in Sterling and Wilson for 3 generations. This partnership will only grow stronger, as the 4th generations of both families have recently joined the business.
 
Over the past 5 years, Sterling and Wilson has shown exceptional growth; with operations all over the globe, as well as an expansion in its range of services, the company's turnover has shown an extremely positive growth. From a turnover of INR 1,760 crore in 2012, Sterling and Wilson group crossed a turnover of INR 6,000 crore last year as is likely to exceed INR 10,000 crore in the year ended March 2018. From being a predominantly India focused company in 2010, Sterling and Wilson now operates across the Middle East, Africa, Australia and Europe. In the current year, the company is expanding to the USA and South America. From being a company that was mainly focussed on doing MEP projects in India, Sterling and Wilson over the past 5 years has set up global operations in manufacture of DG sets, Gas based power plants, Waste to Energy, Turnkey data centers, Transmission and Distribution and Solar EPC. With its recent forays into wind and energy storage, Sterling and Wilson is perfectly poised to play a pivotal role in the global trend of moving away from thermal plants to a future of renewable energy with storage.

Visit us at www.sterlingandwilson.com

Read more: Sterling and Wilson Scales New Heights; Gets...

Jaipur, Rajasthan, 14 June 2017: Solar Quarter, India’s leading knowledge and media service providers in the solar energy sector, received outstanding media company award for its contribution to development of solar industry by Rajasthan Solar Association (RSA). The award was presented to SolarQuarter at the recently held SolarRoofs India 2017 at Hotel The Hilton Jaipur, Rajasthan.

The award was presented by Shree Pushpendra Singh, Energy minister of Government of Rajasthan along with Mr. Pranav Mehta, Chairman, National Solar Energy Federation of India (NSEFI). The award was presented in the presence of key dignitaries including Shree B K Doshi, MD, RRECL, Shree A K Jain, MD, REIL and Shree S P Shrimali, Chairman, Marudhara Bank.

The award was received by Mr. Vijay Kumar, MD, Solar Quarter. “We started in the solar industry when it was in its nascent stages in India. It has been our prime focus to develop new products which expedite the industry’s growth. Today we have developed a vast portfolio of publications, reports, conferences and training programmes spanning every part of the country. We have seen the industry growing and have been the integral part of this industry. We feel blessed that our hard work of over the years is being appreciated. We will continue our work for the upliftment of the industry. We are grateful to RSA and NSEFI who have recognised our efforts.”

India has to achieve the target of 40 GW by 2022 of Solar rooftop projects. To support this initiative of government, SolarQuarter has recently launched series of events called SolarRoofs India 2017 (www.solarquarter.com/solarroofswhich will be organised in 15 cities of India viz Jaipur, Pune, Kolkata, Chennai, Ahmedabad, Vizag, Kolhapur, Jodhpur, Udaipur and many more to list down. The event series aims to bring better awareness & promote faster implementation of rooftop projects in industrial, residential and commercial segments. This initiative of SolarQuarter has been lauded by the ministry, the government agencies and the industry.

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  • AzureAzure Power | New York Stock Exchange
Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has been granted INR 678.3 (US$ ~10.5) million of low-cost debt financing through the SBI-World Bank: Grid Connected Rooftop Solar PV Program. The loan is for 15 years with an interest rate of 8.35% per annum, one of the lowest interest rates availed by a solar power developer in the Indian solar sector to date. The loan will be utilized to scale Azure Roof Power, Azure Power’s solar rooftop platform.

Azure Roof Power offers superior rooftop solar power solutions for commercial, industrial, government, and institutional customers in cities across India to lower their energy bill and meet their greenhouse gas (GHG) emission reduction targets. With over 100 MWs of high quality, operating and committed solar assets across 14 states, Azure Roof Power has one of the largest rooftop portfolios in the country. Azure Roof Power customers include large commercial real estate companies, a leading global chain of premium hotels, distribution companies in smart cities, warehouses, Delhi Metro Rail Corporation, Indian Railways and a Delhi water utility company.

Speaking on this occasion, Inderpreet Wadhwa, Chairman, and Chief Executive Officer, Azure Power said, “We are pleased to announce our partnership with SBI and World Bank which will enable us lower the energy bills of our customers by providing clean and sustainable solar energy. We are excited to expand our Azure Roof Power platform in India with the support of SBI and World Bank.”

Under the SBI-World Bank: Grid Connected Rooftop Solar PV Program, the World Bank and the International Bank for Reconstruction and Development (IBRD) approved a line of credit of $625 million to support the Government of India’s goal to expand rooftop solar to 40,000 MWs. 

About Azure Power

Azure Power (NYSE: AZRE) is a leading solar power producer in India with a portfolio of over 1,000 MWs across 18 states. With over 100 MWs of high quality, operating and committed solar assets, the company has one of the largest rooftop portfolios in the country. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale to rooftop, since its inception in 2008. Highlights include the construction of India’s first private utility scale solar PV power plant in 2009 and the implementation of the first MW scale rooftop project under the smart city initiative in 2013.

For more information, visit: www.azurepower.com.

Read more: Azure Power Taps IBRD (World Bank) Loan to Scale...

Waaree Energies Ltd. India's largest solar module manufacturing company has been commissioned 23 MW solar power project at khetusar –Baap in Rajasthan state.

Read more: Waaree Energies Ltd. commissioned 23 MW Solar...

Shri Piyush Goyal, Minister of State (Independent Charge) for Power, Coal, New and Renewable Energy and Mines chairs 5th Geoscience Advisory Council Meeting
Shri Piyush Goyal, Minister of State (Independent Charge) for Power, Coal, New and Renewable Energy and Mines, addressed the 5th Geoscience Advisory Council (GAC) Meeting in New Delhi today. Mines Secretary Shri Arun Kumar, DG GSI Shri M Raju and other Ministries’ Official members, Scientific Institutions and Non-Official members of the GAC participated in the daylong deliberations.

The 5th GAC discussed issues related to Geophysical techniques for exploration of concealed/deep seated mineral deposits, Mineral System Research and advanced techniques for exploration of subsurface mineral deposits, and the strategy for exploration, augmentation of mineral resources and mining of Rare Earths/Rare Minerals and other strategic resources. Shri Piyush Goyal @PiyushGoyal, Minister of State (Independent Charge) for Power @MinOfPower, Coal @CoalMinistry, New and Renewable Energy @mnreindia and Mines @MinesMinIndia, asked the scientific community working in the field of geosciences and mineral system research to add value to the mineral wealth of the country especially in the area of strategic and critically important metals and minerals. At the same time there has to be a harmony between wealth creation and preservation of ecology and environment for sustainable development.

Geoscience today constitutes a huge and fast expanding canvas. Apart from Ministry of Mines, the members comprise Secretaries of Earth Sciences, Science and Technology, Environment and Forests, Atomic Energy, Niti Aayog, Space, Water resources, Coal and Steel. Other Official members are heads of the scientific organisations like Geological Survey of India, Atomic Minerals Directorate for Exploration and Research, Indian Metrological Department, National Institute of Oceanography, Central Arid Zone Research Institute, Wadia Institute of Himalayan Geology, Birbal Sahani Institute of Palaeobotony, National Geophysical Research Institute and Head of Geology ONGC. Up to 12 non-official members are nominated by the Ministry of mines from amongst the persons who have long experience and expertise on geophysical policy and R&D.

The GAC advises the Ministry of Mines on geoscientific policy matters in general and the role and direction of the GSI in particular prioritizing GSI thrust areas etc.

YSKataria/GAC

Read more: Shri Piyush Goyal, Minister of State...

The Prime Minister Shri Narendra Modi will embark his visit to Portugal, USA and Netherlands tomorrow. The PM said that this visit is aimed at enhancing the bilateral engagement in various areas.

"I will pay a working visit to Portugal on 24 June 2017. Our close historical and friendly ties have picked up momentum after H.E. Prime Minister Antonio Costa’s visit to India in January 2017.

I am looking forward to my meeting with PM Costa. Building on our recent discussions, we will review the progress of various joint initiatives and decisions. We will also discuss ways to further enhance the bilateral engagement, especially in the areas of economic cooperation, science & technology, space collaboration and people to people ties. We will deliberate on means to intensify our cooperation in counter-terrorism and on other international issues of mutual interest. I also see significant potential for deepening bilateral trade and investment ties.

I am also keen to interact with the Indian Community in Portugal during the visit", the Prime Minister said.

The Prime Minister will be visiting Washington, D.C. on 24-26 June.

"I will be visiting Washington, D.C. on 24-26 June at the invitation of President Donald J. Trump. President Trump and I have spoken on telephone prior to this. Our conversations have touched upon our common intent to take forward our productive all round engagement for the mutual benefit of our people. I look forward to this opportunity to have an in depth exchange of views on further consolidating the robust and wide ranging partnership between India and the United States.

India’s partnership with the United States is multi-layered and diverse, supported by not just Governments but all the stakeholders on both sides. I look forward to building a forward looking vision for our partnership with the new Administration in the United States under President Trump.

Apart from official meetings with President Trump and his cabinet colleagues, I will be meeting some prominent American CEOs. As in the past, I look forward to interacting with the Indian diaspora in the United States as well."

The PM will also visit the Netherlands on 27 June 2017.

"I will be visiting the Netherlands on 27 June 2017. We are celebrating 70 years of the establishment of Indo-Dutch diplomatic relations this year. During the visit, I will have an official meeting with the Dutch Prime Minister H.E. Mr. Mark Rutte. I will also call on King Willem-Alexander of the Netherlands and meet Queen Maxima.

I look forward to meeting Prime Minister Rutte and reviewing our bilateral relations. I would be exchanging views with PM Rutte on important global issues including counter-terrorism and climate change.

Economic relations form the core of our bilateral relations. The Netherlands is our 6th largest trading partner in the EU and 5th largest investment partner globally. The Dutch expertise in areas such as water and waste management, agriculture and food processing, renewable energy and ports and shipping, matches with our development needs. Indo-Dutch economic engagement is a win-win proposition. I will discuss with PM Rutte as to how the two sides should work to further harness the synergies. I will also be meeting with CEOs of major Dutch companies and will encourage them to join the Indian growth story.

There are strong people to people relations between the two countries with the presence of second largest Indian Diaspora in Europe in the Netherlands. I look forward to engaging with the Indian community in the Netherlands", the Prime Minster said.

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AK/HS
Read more: PMs statement before his upcoming visit to...

Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, interacted with the Electricity Regulators during the 60th Meeting of the Forum of Regulators (FoR) here today.

 

In his address, Shri Goyal reiterated that while the Forum is a recommendatory body, it is incumbent upon the regulators to implement its recommendations in true spirit.  For instance, the Forum has made salutary recommendations on RPO compliance including the need and framework of penalty for non-compliance of RPO.  Model framework for energy accounting and settlement – which is the basic building block for energy transaction, has also been evolved.  States should implement all such recommendations mandatorily in the larger interest of the development of the power sector , Shri Goyal added.

            The Minister further stated that role of the States is of paramount importance in carrying forward reforms in power sector.  The Government has come up with important policy initiatives to address chronic issues of power sector through its “UDAY” and “Power for All” schemes.  These schemes are not only aimed at resolving legacy issues, but also provide futuristic roadmap leading to non-recurrence of any of the past problems.  State Governments and State Utilities are the major stakeholders in implementation of the scheme.  However, the Regulators have a critical role to play in ensuring speedy implementation and close monitoring of compliance of the norms and trajectories specified in the UDAY scheme.

            Shri Goyal , while drawing attention to the issues which are sub judice at different judicial platforms, asked the Regulators to critically examine the matters before them and offer innovative solutions, so that time lag in approaching judicial forums seeking solutions could be reasonably avoided. 

            While stressing the need for independent and efficient discharge of duties by the Regulators, the Power Minister  assured full cooperation of the Centre in resolving any issue that might come in the way of their taking decisions professionally.  He drew attention towards the problems of stressed assets and solicited cooperation of the Regulators in resolving them and helping revive such assets. Since we have more than thirty State Electricity Regulators having different interpretation about some issues, he urged them to have uniformity in approach in the true spirit of implementation of Act and Policies.

            Shri Goyal emphasised on the need for structured peer review by the Regulators themselves, which could set an example of self imposed accountability.  He requested the Regulators to come up with State-wise while papers highlighting the problems specific to States and suggesting possible measures to address the same and offered to have a dedicated brainstorming session to jointly resolve such matters and take the reforms story forward in power sector.

The Power Minister also appreciated the CERC for going digital on June 15, 2017 when it conducted hearing through electronic mode– the first of its kind in any quasi judicial regulatory authority in India.  The initiative is in line with the spirit of the Digital India initiative of the Government of India, and seeks to achieve economy and efficiency in disposal of petitions.  Shri Goyal appreciated the active role being played by the FoR.  Since its inception in 2005, the Forum has held 60 meetings so far and discussed and evolved consensus on wide ranging issues facing the power sector. 

It was mentioned that initiative taken by Ministry of power to bring transparency in the procurement of Short term requirement of power through e-Bidding route using DEEP Portal has resulted in the substantial cost savings to the tune of approximately Rs 2000 Crs in the Financial Year 2016-17 with respect to previous year 2015-16.

 

During the meeting, Shri Goyal also launched Web Portal ‘MERIT’ i.e. Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency and ‘Weather Portal for Power Sector’ . He also released Report on ‘Operational Analysis for Optimization of Hydro Resources & facilitating Renewable Integration in India.

 

  FoR is a statutory body headed by Chairperson of Central Electricity Regulatory Commission (CERC) and having Chairpersons of all State Electricity Regulatory Commissions as its Members. 

 

RM/

Read more: Shri Piyush Goyal Addresses the Forum of...

Shri Piyush Goyal Union Minister of State (IC) for Power, Coal , New & Renewable Energy and Mines launched Weather Portal for Power Sector in association with POSOCO and IMD at the meeting of the Forum of Regulators here today .

 

Day to day weather variations have an impact on load demand and energy production, transport and distribution management, as well as energy prices. Extreme events such as heat waves or cold waves, wind storms or floods can of course have dramatic consequences on the production means or the electrical grid of a country including physical damage to the infrastructure. The information available in the Portal regarding weather forecast shall help State Discoms to take pro-active steps regarding short term and medium term management processes and supply planning requirements and also for better planning for infrastructure availability to ensure cost effective and reliable supply.

 

 

The Portal provides the following information :

·         Regional Weather Summary : This provides Weather Outlook for the Region for the current day and upto next 7 days. Weather stations of Meteorological department have been mapped to the nearest important Electrical Station/ Power Stations in each State.

o   Nowcast: It is used to forecast weather for a short period ahead, updated every 3 hours

o   Weather Forecast: It is provided for the current day and next 6 days

o   Weather Warning: Special Nowcast warning is issued for the next 3 hours.

·         Radar: The Doppler Weather Radar generates different displays and derived products of practical utility based on standard algorithms. These displays are updated every 10 minutes.

·         Satellite Images: INSAT 3D is being used to monitor the Weather of Indian Origin. The image is updated every 30 minutes.

·         Meteogram- The Meteogram at Web-Portal provides plots for Meteorological variables such as Rainfall, Cloud Cover, Temperature, Humidity, Wind, Speed, Sea Level Pressure, Indices for Thunderstorm etc. for 10 days with a resolution time of three hours. Each Meteogram provides information for the 10 km radius.

·         Region Specific Forecast - Fog Forecast, Metar, Bay Bulletin, Coastal Area Bulletin, Cyclone, Port Warning etc.

 

During the meeting Shri Goyal launched another  portal ‘MERIT’ (Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency). This  has been developed by Ministry of Power in association with POSOCO and Central Electricity Authority. The MERIT Web portal displays extensive array of information regarding the merit order of Electricity procured by State(s)  such as daily state-wise marginal variable costs of all generators, daily source-wise power purchases of respective states/UTs with source-wise fixed and variable costs, energy volumes and purchase prices. The web-portal also give information regarding reasons for deviation from merit order such as must run conditions, transmission constraints etc. The Web Portal can be accessed at “http://vidyutmode.in/”

Information available in the Portal shall help State Discoms to optimize their power procurement in more efficient way leading to lower cost of power to consumers. It will facilitate must run status for hydro and renewables and will promote use of green and clean power more transparently. It will also promote competition for lower costs as information will be available to all Stakeholders including generators and utilities for more efficient procurement. Since the information will be available to all consumers on continuous basis it will create pressure on utilities for continued efficiency.

The advantages of “Merit” Portal are as follows:

Ø  Empowerment of the Consumer and participative governance

Ø  Transparent information dissemination pertaining to marginal variable cost and source wise purchase of electricity

Ø  Promotes economy and efficiency in operations

Ø  Demystifies the utility portfolio and its complexity

Ø  Optimization of the power procurement costs

Ø  Facilitates renewable integration and handling of the variability and uncertainty of renewables

Ø  Indication of supply side reliability, adequacy, and cost of power procurement

 

At the meeting,  Shri Goyal also released FOLD-POSOCO Report on Operational Analysis for Optimization of Hydro Resources & facilitating Renewable Integration in India .The report also elaborates on the operational constraints being faced by the hydro stations.

 

The report concludes that there is scope for additional peaking support of 3000-5000 MW with equivalent amount of backing down in off-peak hours from the existing hydro power stations. The gain from the optimized despatch  on annual basis is estimated to be 5 paisa per unit which is equivalent to earning of the order of Rs. 600 crore per year at all India level.

 

RM /

Read more: Shri Piyush Goyal launches POSOCO-IMD Weather...

ISRO’s Polar Satellite Launch Vehicle PSLV-C38 successfully launched the 712 kg Cartosat-2 Series Satellite along with 30 co-passenger satellites today from Satish Dhawan Space Centre SHAR, Sriharikota. This is the thirty ninth consecutively successful mission of PSLV.

PSLV-C38 lifted off at 0929 hrs (9:29 am) IST, as planned, from the First Launch Pad. After a flight of about 16 minutes, the satellites achieved a polar Sun Synchronous Orbit of 505 km inclined at an angle of 97.44 degree to the equator (very close to the intended orbit) and in the succeeding seven and a half minutes, all the 31 satellites successfully separated from the PSLV in a predetermined sequence beginning with Cartosat-2 series satellite, followed by NIUSAT and 29 customer satellites. The total number of Indian satellites launched by PSLV now stands at 48.

After separation, the two solar arrays of Cartosat-2 series satellite were deployed automatically and ISRO's Telemetry, Tracking and Command Network (ISTRAC) at Bangalore took over the control of the satellite. In the coming days, the satellite will be brought to its final operational configuration following which it will begin to provide various remote sensing services using its panchromatic (black and white) and multispectral (colour) cameras.

One of the 30 co-passenger satellites carried by PSLV-C38 was the 15 kg NIUSAT, a University/Academic Institute satellite from Nurul Islam University, Tamil Nadu, India. The remaining 29 co-passenger satellites carried were international customer satellites from USA (10), United Kingdom (3), Belgium (3), Italy (3), Austria (1), Chile (1), Czech Republic (1), Finland (1), France (1), Germany (1), Japan (1), Latvia (1), Lithuania (1) and Slovakia (1).

With today’s successful launch, the total number of customer satellites from abroad placed in orbit by India’s workhorse launch vehicle PSLV has reached 209.

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KSD/NK/KM

Read more: PSLV-C38 Successfully Launches 31 Satellites in...

The Appointments Committee of the Cabinet has approved the following appointments:

i.              Shri N.K.Sinha, lAS (BH 80), Secretary, Ministry of Culture as Secretary, Ministry of Information & Broadcasting in the vacancy caused due to appointment of Shri Ajay Mittal, lAS (HP 82) as Secretary, Department of Personnel & Training.

ii.            Shri Rajiv Gauba, lAS (JH 82), Secretary, Ministry of Urban Development as Officer on Special Duty in the Ministry of Home Affairs. The officer will take over as Home Secretary on completion of tenure of the present incumbent Shri Rajiv Mehrishi on 30.08.2017.

iii.           Shri Ajay Mittal, lAS (HP 82), Secretary, Ministry of Information & Broadcasting as Secretary, Department of Personnel & Training in the vacancy caused on superannuation of the present incumbent Shri B.P.Sharma, lAS (BH 81) on 30.06.2017.

iv.           Smt Aruna Sundararajan, lAS (KL 82), Secretary, Ministry of Electronics & Information Technology as Secretary, Department of Telecommunications in the existing vacancy.

(v)        Shri Avinash K Srivastava, lAS (UP 82), Secretary, Ministry of Food Processing Industries as Secretary, Department of Consumer Affairs in the vacancy caused due to appointment of the present incumbent Shri Jagdish Prasad Meena, lAS (AM 83) as Secretary, Ministry of Food Processing Industries.

(vi)       Shri Yudhvir Singh Malik, lAS (HY 83), Chairman, National Highways Authority of India as Secretary, Ministry of Road Transport & Highways in the existing vacancy.

(vii)      Shri Subash C Garg, lAS (RJ 83), Executive Director, World Bank as Secretary, Department of Economic Affairs in the existing vacancy.

(viii)     Shri Jagdish Prasad Meena, lAS (AM 83), Secretary, Department of Consumer Affairs as Secretary, Ministry of Food Processing Industries in the vacancy caused due to appointment of present incumbent Shri Avinash K Srivastava, lAS (UP 82) as Secretary, Department of Consumer Affairs.

(ix)    Shri Rajeev Kapoor, lAS (UP 83), Secretary, Ministry of New & Renewable Energy as Secretary, Department of Chemicals and Petrochemicals in the existing vacancy.

(x)    Smt Sanjeevanee Kutty, lAS (MH 83), Secretary, Border Management as Secretary, Department of Ex-Servicemen Welfare in the vacancy caused on superannuation of the present incumbent Shri Prabhudayal Meena, lAS (MP 80) on 31.07.2017.

(xi)   Shri Deepak Kumar, lAS (BH 84), Director General, ESIC as Chairman, National Highways Authority of India in the vacancy caused due to appointment of the present incumbent Shri Yudhvir Singh Malik, lAS (HY 83) as Secretary, Ministry of Road Transport & Highways.

(xii)  Shri Durga Shanker Mishra, lAS (UP 84), Additional Secretary, Ministry of Urban Development as Secretary, Ministry of Urban Development in the vacancy caused due to appointment of the present incumbent Shri     Rajiv Gauba, lAS (JH 82) as OSD in MHA.

(xiii)  Shri Arun Kumar Panda, lAS (OR 84), Additional Secretary, Department of Health & Family Welfare as Secretary, Ministry of Micro, Small and Medium Enterprises in the vacancy caused due to superannuation of the present incumbent Shri K.K.Jalan, lAS (HY 82) on 30.06.2017.

(xiv)  Shri Ravi Kant, lAS (BH 84), Additional Secretary, Department of Defence as Secretary, Ministry of Shipping in the vacancy caused due to repatriation of Shri Rajive Kumar, lAS (UP 81) to his cadre.

(xv)  Shri Anand Kumar, lAS (KL 84), MD, National Highways Infrastructure Development Corporation Limited as Secretary, Ministry of New & Renewable Energy in the vacancy caused due to appointment of the present incumbent Shri Rajeev Kapoor, lAS (UP 83) as Secretary, Department of Chemicals & Petrochemicals.

(xvi)  Shri Ajay Prakash Sawhney, lAS (AP 84), Additional Secretary, Ministry of Petroleum & Natural Gas as Secretary, Ministry of Electronics & Information Technology in the vacancy caused due to appointment of the present incumbent Smt Aruna Sundararajan, lAS (KL 82) as Secretary, Department of Telecommunications.

(xvii)  Shri Ajay Kumar Bhalla, lAS (AM 84), Director General, Foreign Trade as Secretary, Ministry of Power in the vacancy caused on superannuation of the present incumbent Shri P.K.Pujari, lAS (GJ 80) on 30.06.2017

****

KSD/NK/KM

Read more: ACC Appointments

Text of PM’s address at the ceremony to inaugurate the new premises of Abdul Kalam Technical University & launch development initiatives in Lucknow

नौजवान साथिओं,

आज एक साथ कई प्रकल्‍पों के लिए इस कार्यक्रम में मुझे सम्मिलित होने का अवसर मिला है। उत्‍तर प्रदेश में सरकार के द्वारा जिस उमंग और उत्‍साह के साथ, स्‍पष्‍ट दृष्टिकोण के साथ विकास की यात्रा चल रही है; देश के हर कोने में उत्‍तर प्रदेश की पल-पल की घटनाओं की तरफ लोगों का ध्‍यान है, बड़ी उत्‍सुक्‍ता है। और योगी जी के नेतृत्‍व में एक के बाद एक जो कदम उठाए जा रहे हैं, परिश्रम की पराकाष्‍ठा करते हुए, कई वर्षों की जो बीमारियां हैं, लम्‍बे अर्से के जो अवरोध हैं; उसे दूर करते हुए उत्‍तर प्रदेश को तेजी से आगे बढ़ाने के उनके प्रयास, योगी जी को उनकी टीम को मैं बहुत-बहुत बधाई देता हूं; उनका बहुत-बहुत अभिनंदन करता हूं।

आज मुझे कुछ समय Drug Research Institute में बिताने का अवसर मिला। हमारे वैज्ञानिक मानवता के लिए ऐसे Drugs जो सस्‍ते भी हों, कारगर भी हों और side-effect के बिना त्‍वरित उपचार करने वाले हो, उसके संशोधन में अपनी पूरी जिंदगी laboratory में खपा रहे हैं। वैज्ञानिक एक प्रकार से आधुनिक ऋषि होते हैं और आधुनिक ऋषि की तरह वो अपने लक्ष्‍य को समर्पित हो करके मानव को किस प्रकार से मुसीबतों से मुक्‍त किया जाए, शारीरिक पीड़ा से मुक्‍त किया जाए, परम्‍परागत ज्ञान-विज्ञान को आधुनिक साधनों के माध्‍यम से, आधुनिक व्‍यवस्‍थाओं के माध्‍यम से और अधिक सटीक कैसे बनाया जाये; उस पर वो काम कर रहे हैं।

आज मानव के सामने, खास करके आरोग्‍य के क्षेत्र में अनेक चुनौतियां हैं। एक दवाई बनाने में सालों बीत जाते हैं, सैंकड़ो वैज्ञानिक खप जाते हैं, लेकिन उसके पहले नए प्रकार की बीमारी जन्‍म ले लेती है। एक प्रकार से स्‍पर्धा चलती है। लेकिन विज्ञान की मदद से, innovation के सहारे हमने इस दोषों को परास्‍त करना है, बीमारियों को परास्‍त करना है और गरीब से गरीब व्‍यक्ति को सस्‍ते से सस्‍ती और कारगर दवाई कैसे उपलब्‍ध हो, इस चुनौतियों को हमने स्‍वीकार करके विजयी होना है।

आज मुझे इस Technical University के भवन के लोकार्पण का भी अवसर मिला है। डॉक्‍टर एपीजे अब्‍दुल कलाम के साथ इसका नाम जुड़ा हुआ है। मैं नहीं मानता हूं कि तकनीकी जगत के लिए डॉक्‍टर एपीजे अब्‍दुल कलाम से बड़ा कोई प्रेरणा का नाम हो सकता है। Science is Universal but Technology Must Be Local. और यहीं पर हमारी कसौटी है। विज्ञान के सिद्धान्‍त प्रतिपादित हो चुके हैं। विज्ञान का ज्ञान उपलब्‍ध है, लेकिन हमारी युवा पीढ़ी से उन चीजों की अपेक्षा है कि उपलब्‍ध संसाधनों के माध्‍यम से जब Technology मानव जीवन को बड़ी प्रभावित कर रही है, तब हम Technology में वो कौन से संशोधन करें, कौन से आविष्‍कार करें, जो हमारे सामान्‍य मानवी की Quality of Life में बदलाव लाएं। हम दुनिया में गर्व कर रहे हैं कि भारत, जिसके पास Eight Hundred Million नौजवानों की फौज है, 35 से कम उम्र के नौजवानों का ये देश है, उसके पास दिमाग भी है। अगर हाथ में हुनर हो, विज्ञान अधिष्‍ठान हो, और Technology का आविष्‍कार हो तो मेरा देश का नौजवान विश्‍व में अपना डंका बजाने का सामर्थ्‍य रखता है। लेकिन हम उस Technology के सहारे उतनी प्रगति नहीं कर सकते। जो पिछली शताब्दियों में बहुत बड़ा रोल कर गई होगी, लेकिन आने वाली शताब्‍दी में शायद वो उपकारक न भी हो। और इसलिए Technology को समय से आगे चलना पड़ता है, उसे दूर का देखना पड़ता है। और भारत के नौजवानों में वो सामर्थ्‍य है, उस सामर्थ्‍य को ले करके हम Technology के क्षेत्र में नई ऊंचाइयों को कैसे पार करें।

आज भी हमारा देश Defense के लिए, सुरक्षा के लिए, हमारी फौज के लिए हर छोटी-मोटी चीज विदेशों से हम लाते हैं। क्‍या हम बहुत जल्‍द Defense के Sector में भारत को आत्‍मनिर्भर नहीं बना सकते हैं? क्‍या देश की सुरक्षा के लिए जिन संसाधनों की आवश्‍कता है, जिस Technology की आवश्‍यकता है, जिस equipment की आवश्‍यकता है, उसे भारत में ही नए-नए आविष्‍कार के साथ हम क्‍यों न करें। सुरक्षा के क्षेत्र में भारत आत्‍मनिर्भर कैसे बने, इस सपनों को ले करके हम आगे बढ़ रहे हैं। और इसलिए हमने कई नीतिगत परिवर्तन किए हैं। Defense Sector में 100 Percent Foreign Direct Investment को हमने Open किया। हमने भारत के कारोबारियों को Partnership के लिए Open Up किया है। हमने भारत सरकार जो चीजें बाहर से लेती है, अगर हिन्‍दुस्‍तान में बनी हुई लेगी तो उसको विशेष प्रोत्‍साहन की सूची तैयार की है। और ये सारे अवसर Technology से जुड़ी हुई युवा पीढ़ी के लिए हैं।

वैसा ही एक दूसरा क्षेत्र है। आज Medical Science एक प्रकार से Technology Driven है। अब डॉक्‍टर तय नहीं करता है कि आपको कौन सी बीमारी है, मशीन तय करता है कि आप किस बीमारी से ग्रस्‍त हैं। आपके शरीर में कहां तकलीफ है, कहां कमी है, कैसी तकलीफ है; वो मशीन तय करता है। और बाद में डॉक्‍टर उस मशीन की रिपोर्ट के आधार पर आपके लिए आरोग्‍य का रोडमैप क्‍या होगा, दवाइयां कौन सी होंगी, ऑपरेशन करना है या नहीं करना है; उसके फैसले करता है। लेकिन ये Medical Equipment, उसका Manufacturing, भारत इतना बड़ा देश है, उसको इतनी बड़ी Requirement है। हमारी Technology Field के Students क्‍यों न सोचें कि हम वो Start Up शुरू करेंगे, हम उस विषय पर खोज करेंगे, हम भारत के अंदर ही आरोग्‍य के क्षेत्र में जिस Equipment की Requirement है उस Requirement को पूरा करने के लिए नई खोज के साथ नए निर्माण की दिशा में जाएंगे।

‘Make in India’ ये पूरा Concept हिन्‍दुस्‍तान के Technology से जुड़े हुए हमारे नौजवानों को एक नया अवसर देने के लिए, Start Up India, Stand Up India, Skill India, मुद्रा योजना, चाहे Finance की व्‍यवस्‍था करनी हो, चाहे Technological Support की व्‍यवस्‍था हो, चाहे Human Resource Development में Skill को प्रधान्‍य देना हो, चाहे Technical Knowledge में नई ऊंचाइयों को पार करना हो, एक प्रकार से Comprehensive Approach के साथ देश को, देश के पास जो Technical ज्ञान है, जो Technical महारत है, जो हमारी University के पास होगी, हमारी नौजवान पीढ़ी के पास होगी; इन सबको संतुलित करते हुए, संकलित करते हुए, देश को एक नई ऊंचाइयों पर ले जाना है। और इस देश ने दिखाया है, जब भी हिन्‍दुस्‍तान के युवा लोगों को अवसर मिला है, उन्‍होंने चुनौतियों को पार भी किया है और नए सीमांकन भी प्रस्‍थापित किए हैं।

Mars पर जाने के लिए दुनिया के बड़े-बड़े देशों ने प्रयास किया। पहले Trial में दुनिया का कोई देश Mars और Orbit में नहीं जा सका था। हिन्‍दुस्‍तान दुनिया का पहला देश था जो पहले Trial में Mars और Orbit में पहुंचा था। और दुनिया को तब अचरज हो गया कि भारत के युवा वैज्ञानिकों ने ये Mars की यात्रा इतनी सस्‍ते में की। लखनऊ में अगर आपको टैक्‍सी में जाना है, ऑटो रिक्‍शा में जाना है तो एक किलोमीटर का 10 रुपया तो लगता ही होगा। हम Mars पर पहुंचे, एक किलोमीटर का सिर्फ सात रुपये का खर्चा किया। और हमारा Mars पर जाने का जो Total Budget था वो Hollywood की फिल्‍म का जो खर्चा होता है उससे कम खर्चे में हमारे देश के वैज्ञानिक Mars पर पहुंच चुके।

ये सामर्थ्‍य है हमारी युवा पीढ़ी में, ये सामर्थ्‍य है हमारे देश के talented नौजवानों में, technicians में, वैज्ञानिकों में, पिछले दिनों जब भारत ने एक साथ 104 सेटेलाइट छोड़े दुनिया के लिए आश्‍चर्य था कि एक साथ 104 सेटेलाइट छोड़ने की ताकत इस देश के वैज्ञानिकों में है। इस सामर्थ्‍य को लेकर के आगे बढ़ना है और उस अर्थ में आज ये Technical University और उसके साथ जुड़े हुए सारे संबद्ध colleges उसको कैसे आगे बढ़ाएं? मैं जानता हूं उत्‍तर प्रदेश में शिक्षा के क्षेत्र में काम करना कितना कठिन है। हमारे गर्वनर श्रीमान राम नाइक जी चांसलर के रूप में University में discipline कैसे आए, University में समय सीमा में काम कैसे हो, इस पर देर रात काम कर रहे थे। उत्‍तर प्रदेश के 28 Universities में से 24 Universities को अब वो समय पर exam हो, समय पर convocation हो, इसको कराने में सफल हुए हैं। ये discipline बहुत आवश्‍यक होती है। लेकिन राम नाइक जी बहुत ही focus काम करने के आदी हैं जिस चीज को हाथ में लेते हैं उसको पूरा करके रहते हैं और इसलिए उत्‍तर प्रदेश की Universities में rules and regulations, नियम परम्‍पराएं, discipline विद्यार्थियों के समय की बर्बादी न हो उस पर बड़ी बारीकी से नजर रखते हुए उसको आगे बढ़ाने का प्रयास कर रहे हैं। अब योगी जी की सरकार आ गई है तो उनको और सुविधा हो गई है। काम को और सरलता से बढ़ा रहे हैं।

आज मेरे लिए खुशी की बात है कि प्रधानमंत्री आवास योजना के लिए कुछ परिवारों को उस आवास के निमत उनकी परवानगी के संबध में एक प्रमाणपत्र दिया गया है। 2022 में भारत आजादी के 75 साल मनाएगा। आजादी के दीवानों ने सपने देखे थे, तब वो फांसी के तख्‍त पर चढ़े थे। जवानी जेलों में खपा दी थी। एक सुखी समृद्ध हिन्‍दुस्‍तान देखना चाहते थे। आजाद हिन्‍दुस्‍तान देखना चाहते थे। उन्‍होंने अपना सर्वस्‍व न्‍यौच्‍छावार किया था। 2022 में आजादी के 75 साल होंगे। क्‍या सवा सौ करोड़ देशवासियों की जिम्‍मेवारी नहीं है कि देश के दीवानों के सपनों को पूरा करने के लिए हम हिन्‍दुस्‍तान को नई ऊंचाइयों पर ले जाएं। क्‍या सवा सौ करोड़ देशवासी मिलकर के इस देश को आगे नहीं ले जा सकते हैं? मेरा आत्‍मविश्‍वास है कि सवा सौ करोड़ देशवासियों में वो सामर्थ्‍य है कि हिन्‍दुस्‍तान को नई ऊंचाइयों पर ले जा सकते हैं। हमने सपना संजोया है कि 2022 जब आजादी के 75 साल हों, हिन्‍दुस्‍तान के गरीब से गरीब के पास उसका अपना रहने के लिए घर हो, उसको अपनी छत हो और घर भी वो हो जिसमें शौचालय हो, बिजली हो, पानी हो, नजदीक में बच्‍चों को पढ़ने के लिए शिक्षा की व्‍यवस्‍था हो और उस सपने को पूरा करने के लिए पूरे देश में एक अभियान चलाएं ग्रामीण आवास का, शहरी आवास का और उसी के तहत कुछ माताओं को आज आवास मिले उनको घर मिले उसके लिए एक सम्‍मति पत्र सरकार की तरफ से दिया गया और एक मां कह रही थी। अब अच्‍छा हुआ बोले मेरा मकान बन जाएगा, बच्‍चों की शादी कराऊंगी और आपको शादी में बुलाऊंगी। उनका इतना उत्‍साह था। सपने जब सच होने लगते हैं तब इंसान किसी भी अवस्‍था में क्‍यों न हो कुछ कर गुजरने का माजा पैदा होता है वो मैंने उस मां की बातों से देखा है। शब्‍द उनके थे लेकिन वो भाव बड़ी प्रेरणा देती थी।

आज बिजली ऊर्जा ये विकास के लिए बहुत महत्‍वपूर्ण है technology जीवन की life में ऊर्जा का अपना एक सामर्थ्‍य है। renewable energy के द्वारा solar energy के द्वारा देश में एक नई क्रांति लाने का प्रयास चल रहा है। LED bulb घर-घर पहुंचाकर के बिजली बचाने का एक बहुत बड़ा अभियान चल रहा है। करीब 22 करोड़ से भी ज्‍यादा LED के bulb पिछले एक साल के भीतर-भीतर घरों में लग चुके हैं और उसके कारण बिजली उससे भी ज्‍यादा मिलती है लेकिन खर्चा LED bulb के कारण, जिन परिवारों में LED bulb का उपयोग हो रहा है उससे जो बिजली के बिल की बचत हो रही है, वो करीब करीब 12 से 13 हजार करोड़ रुपये की बचत है। ये सामान्‍य मानवीय के पैसे बच रहे हैं। आज 400 KV का transmission line का यहां मैं लोकार्पण कर रहा हूं। ये जो मध्‍य भाग है कानपुर तक का पूरा उन्नाव समेत सारा, वहां पर एक quality बिजली, जो यहां के औद्योगिक जीवन को मदद करेगी, जो यहां के घर में जो बिजली चाहिए वो मदद मिलेगी। और आपके यहां तो बिजली वितरण में भी VIP कोटा रहता था मैंने सुना है। कुछ district बड़े VIP रहते थे वहां बिजली का एक प्रकार रहता था और कुछ district ऐसे थे ये… मैं योगी जी की बधाई करता हूं, अभिनंदन करता हूं उनका कि उन्‍होंने सभी 75 जिलों को एक समान रूप से बिजली के कारोबार का मदद करने का निर्णय किया। शासन का यही काम होता है। कुछ को विशेष लाभ और कुछ को कुछ नहीं। इसको खत्‍म करने में कितनी दिक्‍कत आती है, मैं जानता हूं लेकिन मुझे विश्‍वास है योगी जी ये करके रहेंगे, उन्‍होंने ये तय किया है परिणाम लाकर रहेंगे।

भाइयों बहनों, विकास की नई ऊंचाइयों को पार करने का देश प्रयास कर रहा है। जीवन के हर क्षेत्र में विकास की नई ऊंचाइयों को पार करना है। सवा सौ करोड़ देश, इन सवा सौ करोड़ देशवासियों का ताकत आज पूरा विश्‍व ये मानता है कि दुनिया की बड़ी economy में सबसे तेज गति से आगे बढ़ना वाला कोई देश है तो उस देश का नाम हिन्‍दुस्‍तान है। पूरा विश्‍व आज भारत को गौरव की तरफ देख रहा है। अब हम सब सवा सौ करोड़ देशवासी मिलकर के तय करें, हम उत्‍तर प्रदेश के नागरिक मिलकर के तय करें, आप देखिए बदलाव कैसा आता है।

1 जुलाई से जीएसटी का प्रारंभ हो रहा है। इस देश के लिए बड़े गर्व की बात है। इस देश के सभी राजनीतिक दल, इस देश के सभी राजनीतिक नेता, कितना ही विरोध क्‍यों न हो। इस देश की सभी राज्‍य सरकारें, केंद्र सरकार मिलकर के एक ऐसा ऐतिहासिक काम करने जा रहें हैं जो 1 जुलाई से देश की अर्थव्‍यवस्‍था में एक बहुत बड़ा परिवर्तन आने वाला है। ये अपने आपमें बहुत बड़ी सिद्धी है। भारत के Federal Structure की सिद्धी है। भारत के राजनीतिक दलों की maturity की सिद्धी है। दल से ऊपर देश, ये हिन्‍दुस्‍तान के सभी राजनीतिक दलों ने दिखा दिया है। मैं सभी राजनीतिक दलों का आभारी हूं, मैं सभी राज्‍य सरकारों का आभारी हूं, मैं सभी विधानसभाओं का आभारी हूं, लोकसभा का, राज्‍यसभा का आभारी हूं। सबने मिलकर के इस जीएसटी लागू करने के लिए प्रयास सफलतापूर्वक किया। अब मुझे विश्‍वास है कि 1 जुलाई के बाद नागरिकों के सहयोग से, खासकर के छोटे-मोटे व्‍यापारियों के सहयोग से, हम सफलतापूर्वक जीएसटी में आगे बढ़ेंगे तब दुनिया के लिए बहुत बड़ा अजूबा होगा कि इतना बड़ा देश इस प्रकार से transformation कर सकता है। भारत के लोकतंत्र की ताकत की पहचान होगी दुनिया को कि इस देश के सभी दल, सभी भिन्‍न-भिन्‍न विचारधारा वाले दल देश हित में कंधे से कंधा मिलाकर के कितना बड़ा फैसला करते हैं, ये दुनिया के सामने एक अजूबा की तरह दिखने वाला है। ये भारत के लोकतंत्र की ताकत है, भारत के लोकतंत्र की maturity की ताकत है। भारत के लोकतंत्र में राजनीतिक दलों की leadership की maturity की ताकत है कि संभव हुआ है। और इसलिए इसकी credit न मोदी को जाती है न एक सरकार को जाती है। ये सवा सौ करोड़ देशवासियों को जाती है। भारत के mature लोकतंत्र को जाता है। देश के सभी राजनीतिक दलों को जाता है, देश की सभी विधानसभाओं को जाता है, लोकसभा और राज्‍यसभा को जाता है।

अब इतना बड़ा काम हुआ है। हम उसे समझे, कठिनाईयां है तो सरकार ने सारी व्‍यवस्‍था की है। इन कठिनाइयों को दूर करने के पूरे प्रयास जारी रहेंगे, लेकिन एक सफल यात्रा और अधिक अच्‍छी तरह सफल हो उसके लिए 1 जुलाई से सभी देश के विशेषकर के व्‍यापारी कौम, ये उसको अपने कंधें पर उठाएं, दो कदम आगे चलें और सरलता पूर्वक उसको पार करने में देश का नेतृत्‍व ये हमारे व्‍यापारी आलम करें और करेंगे ऐसा मेरा विश्‍वास है।

इसी एक अपेक्षा के साथ, मैं आप सबको इस कैंपस में पढ़ने वाले, इस कैंपस से जुड़े हुए सभी नौजवानों को हृ़दय से बहुत शुभकामनाएं देता हूं, सफलता के लिए बहुत-बहुत अभ्‍यर्थना करता हूं।

धन्‍यवाद

***

अ‍तुल तिवारी/अमित कुमार/निर्मल शर्मा/ममता

Read more: Text of PM’s address at the ceremony to...

The Prime Minister, Shri Narendra Modi today inaugurated building of Dr. A.P.J. Abdul Kalam Technical University, dedicated 400KV Lucknow-Kanpur D/C transmission line and distributed sanction letters to the beneficiaries of Pradhan Mantri Awas Yojana in Lucknow.

Speaking at the event, Shri Modi spoke at length about connecting India’s youth to latest technology. He said, “Our youth can think about start ups and innovation in the health sector, particularly in healthcare equipment.”

The Prime Minister congratulated the UP government for ensuring electricity in all districts. He added, “Power and energy matter immensely in the development journey of a nation. Today solar energy is gaining popularity in India.”

The Prime Minister also spoke at length about the implementation of GST on July 1st and said that it demonstrated the strength of democracy. He said, “Credit for implementation of GST goes to 125 crore people of India."

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AKT/AK
Read more: PM inaugurates development initiatives in...

Shri Piyush Goyal, Minister of State (IC) for Power, Coal, New and Renewable Energy and Mines launched the Energy Conservation Building Code 2017 (ECBC 2017) here today. Developed by Ministry of Power and Bureau of Energy Efficiency (BEE), ECBC 2017 prescribes the energy performance standards for new commercial buildings to be constructed across India.

The updated version of ECBC provides current as well as futuristic advancements in building technology to further reduce building energy consumption and promote low-carbon growth. ECBC 2017 sets parameters for builders, designers and architects to integrate renewable energy sources in building design with the inclusion of passive design strategies. The code aims to optimise energy savings with the comfort levels for occupants, and prefers life-cycle cost effectiveness to achieve energy neutrality in commercial buildings.

In his address , Shri Goyal, said, I would like to dedicate today ECBC Code 2017 to all the young children of India …to the future of India for whose sake , it is incumbent on all of us to efficiently utilize every bit of resource , ensure implement such progressive and forward looking programmes of Government very diligently and ensure that we will leave behind for next generation a better world then what we inherited .”

Shri Pradeep Kumar Pujari, Secretary, Power, stated that ECBC 2017 will give clear direction and have criteria for new buildings to be Super ECBC: “The new code reflects current and futuristic advancements in building technology, market changes, and energy demand scenario of the country, setting the benchmark for Indian buildings to be amongst some of the most efficient globally.”

In order for a building to be considered ECBC-compliant, it would need to demonstrate minimum energy savings of 25%. Additional improvements in energy efficiency performance would enable the new buildings to achieve higher grades like ECBC Plus or Super ECBC status leading to further energy savings of 35% and 50%, respectively.

With the adoption of ECBC 2017 for new commercial building construction throughout the country, it is estimated to achieve a 50% reduction in energy use by 2030. This will translate to energy savings of about 300 Billion Units by 2030 and peak demand reduction of over 15 GW in a year. This will be equivalent to expenditure savings of Rs 35,000 crore and 250 million tonnes of CO2 reduction.

ECBC 2017 was developed by BEE with technical support from United States Agency for International Development (USAID) under the U.S.-India bilateral Partnership to Advance Clean Energy – Deployment Technical Assistance (PACE-D TA) Program.

The launch event was attended by senior officers of Ministries, State Governments, technical bodies, public utilities, multilateral agencies, international funding bodies, academicians and industry experts and consultants from across the building, infrastructure, real estate, energy and construction sectors. The event also featured a video on the ECBC, as well as a technical session that highlighted the salient features of ECBC 2017, international best practices in the building sector, as well as the presentation of case studies on energy efficient buildings.

RM/
Read more: Shri Piyush Goyal Launches Energy Conservation...

SAN ANTONIO, June 27, 2017 /PRNewswire/ -- CPS Energy was named the Public Power Utility of the Year award by the Smart Electric Power Alliance (SEPA) for the utility's forward thinking in new generation sources and using technology on the grid to facilitate access to distributed energy resources.

CPS Energy is an industry leader for its diversification of its energy portfolio while embracing renewable energy and new technologies to meet its energy demands. The utility is installing battery storage and distributed generation such as solar panels to both improve reliability and reduce the demand for electricity.

"This is about us putting into practice our thought leadership around meeting customer expectations. Many of our customers want reliable, clean electricity – preferably with little or no emissions," said President & CEO Paula Gold-Williams. "Where some other utilities talk about how it could be done, we ask ourselves how it can be done today."

Gold-Williams said the utility already has 76 megawatts of installed rooftop solar in addition to nearly 450 megawatts of solar farm generation and is looking for ways to install even more in the future. Leveraging technologies such as the smart meters the utility has installed on its system, Gold-Williams said the utility has already achieved state leadership in this area. Beyond our state borders, the SEPA award recognizes that leadership.

"It's always great to be recognized for your efforts, but it's truly motivating to be recognized as a national leader like we are with the SEPA award," Gold-Williams said.

The award will be given July 26 in Washington, DC as part of SEPA's Grid Evolution Summit: A National Town Meeting.

CPS Energy is celebrating its 75th year of City of San Antonio ownership. Established in 1860, we are the nation's largest municipally owned natural gas and electric company, providing safe and affordable service to 804,000 electric and 343,000 natural gas customers in Greater San Antonio. With our AA+ credit rating, one of the best in the industry, we offer best in class reliability and some of the lowest rates among the top 10 largest U.S. cities. We recognize our role as a community partner and are continuously focused on job creation, economic development and educational investment. Powered by our people, our investment in the community is demonstrated through our employees' generosity in giving $1.1 million to United Way. We are also committed to investing in clean energy. CPS Energy is among the top public power wind energy buyers in the nation and number one in Texas for solar generation. For more information, visit newsroom.cpsenergy.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cps-energy-named-public-power-utility-of-year-300480860.html

SOURCE CPS Energy

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Read more: CPS Energy Named Public Power Utility of Year

SAN FRANCISCO, June 27, 2017 /PRNewswire/ -- If you want the fewest parts possible, the FastRack510 (FR510) by Sollega might be the answer. It is a universal one-piece ballasted mounting system compatible with all framed modules. As with all Sollega mounting systems, the FR510 is lightweight and stackable, ships efficiently and is quick and easy to stage and install. FR510s are injection molded in California from Ultramid – an advanced glass reinforced nylon developed in partnership with BASF, the world leader in polymers. Ultramid is engineered to withstand extreme weather conditions and has a 25-year warranty. Sollega offers full engineering support services with every project, including layouts, ballast and optional anchor plans.

How does it save time and cost?
The FR510 arrives on site ready to install with no assembly required (500 kW fits in a 40-ft shipping container). All module attachments are top-down and require one size tool. Built-in reference tabs ease the alignment process. Sollega also says its system's ability to attach rail internally provides for increased load sharing, and for hybrid systems, flexibility in mechanical anchor installation.

Read more: The Simple Solar Racking Solution

OCEANSIDE, Calif.--(BUSINESS WIRE)--Pacific Marine Credit Union (PMCU) has completed a 422-kw carport solar system at their Oceanside Headquarters.

The system was designed and built by REC Solar, a leading provider of commercial, public sector and utility-scale solar solutions. It consists of 1,224 individual panels that generate 743,000 kilowatt hours of electricity annually. The energy generated from the solar array is estimated to save PMCU $125,000 a year while producing about 85% of the power needed at the facility.

As part of the system, there are two solar powered car charging stations with the ability to charge up to four electric vehicles simultaneously.

“We are excited about this project,” said Bill Birnie, President/CEO at Pacific Marine Credit Union. “Solar helps us lower our operating costs, reduces our impact on the environment and brings benefits like shade and electric vehicle charging to our members and staff.”

“Solar carports are a creative way to leverage existing space,” said Alan Russo, senior vice president of Sales and Marketing at REC Solar. “Pacific Marine Credit Union is generating real value with this investment and we are proud to support their business.”

About Pacific Marine Credit Union

Since 1952, Pacific Marine Credit Union (PMCU) has been making a difference: helping people with their financial needs and giving back to the local communities. PMCU is owned and governed by its members, operating not-for-profit, but for service. This allows the revenue generated by its services to be given back in the form of lower interest rates on loans, reduced fees, attractive earnings on savings and investments, and around-the-clock access to the latest electronic services.

PMCU is open to everyone who lives or works in San Diego, Riverside, and San Bernardino Counties. Pacific Marine Credit Union is federally insured by the National Credit Union Administration and is an Equal Housing Lender.

About REC Solar

REC Solar is a nationwide leader providing complete commercial, public sector and utility-scale solar solutions. Incorporating experience from more than 600 successful commercial solar installations over 20 years, REC Solar tailors financing and technology solutions to immediately deliver bottom line savings. REC Solar makes solar simple, working seamlessly with customer operations to deliver clean energy for decades. For more information, visit RECSolar.com or call 844-732-7652.

Read more: Pacific Marine Credit Union Installs Solar at...

BURBANK, Calif.--(BUSINESS WIRE)--IKEA, the world’s leading home furnishings retailer, today announced it has plugged-in a solar panel array atop the new IKEA Burbank, a larger, roomier store that opened in February in Burbank, California, less than one mile away from what was the company’s oldest store in the Western United States.

The new Burbank store’s 71,000-square-foot solar array consists of a 646 kW system, built with 1,872 panels, and will produce approximately 1,033,000 kWh of electricity annually for the store, the equivalent of reducing 726 tons of carbon dioxide (CO2) – equal to the emissions of 153 cars or providing electricity for 77 homes yearly (calculating clean energy equivalents at www.epa.gov/cleanenergy/energy-resources/calculator.html).

For the development, design and installation of the new store’s solar power system, IKEA selected REC Solar, a national leader in commercial solar electric design and installation with more than 600 systems built across the U.S. VCC Construction built the store that reflects the same unique architectural design for which IKEA stores are known worldwide.

“Completing the solar installation is another exciting and sustainable milestone at the new IKEA Burbank,” said Jeff O’Shaughnessy, store manager. “IKEA strives to create a sustainable life for communities where we operate, and the new IKEA Burbank is furthering this goal with a solar array nearly three times the size of the one atop our old store.”

This array contributes to the IKEA solar presence atop nearly 90% of its U.S. locations, with a total generation goal of more than 42 MW. IKEA owns and operates each of its solar PV energy systems atop its buildings – as opposed to a solar lease or PPA (power purchase agreement) – and globally allocated $2.5 billion to invest in renewable energy through 2020, reinforcing its confidence and investment in photovoltaic technology. Consistent with the goal of being energy independent by 2020, IKEA has installed more than 700,000 solar panels on buildings across the world and owns approximately 300 wind turbines, including 104 in the U.S.

IKEA, drawing from its Swedish heritage and respect of nature, believes it can do good business while minimizing impacts on the environment. Globally, IKEA evaluates locations regularly for conservation opportunities, integrates innovative materials into product design, works to maintain sustainable resources, and flat-packs goods for efficient distribution. Specific U.S. sustainable efforts include: recycling waste material; incorporating environmental measures into the actual buildings with energy-efficient HVAC and lighting systems, recycled construction materials, skylights in warehouse areas, and water-conserving restrooms; and operationally, eliminating plastic bags from the check-out process, and selling only LED bulbs. IKEA has installed electric vehicle charging stations at 29 stores, including 6 units at the new Burbank store, with more locations planned.

The roomier 456,000-square-foot new Burbank store, including 1,700 parking spaces, opened on February 8, 2017 on 22 acres west of San Fernando Boulevard and south of Providencia Avenue. Southern California customers also can shop at nearby IKEA stores in Carson, Costa Mesa and Covina; or online at IKEA-USA.com.

Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at low prices so the majority of people can afford them. There are currently more than 380 IKEA stores in 48 countries, including 44 in the U.S. IKEA has been ranked among “Best Companies to Work For” and, as further investment in its coworkers, has raised its own minimum wage twice in two years. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see IKEA-USA.com, @IKEAUSANews, @IKEAUSA or IKEAUSA on Facebook, YouTube, Instagram and Pinterest.

Read more: IKEA Plugs-in Solar Array Atop Relocated Burbank...

NEW YORK, June 27, 2017 /PRNewswire/ --

According to a report published by Transparency Market Research, the global lithium-ion battery market is expected to reach US$77.42 billion by 2024 and with a compound annual growth rate of 11.6 percent during the forecast years. The increasing demand for electric vehicles as well as other consumer electronics, such as smartphones and wearable equipment continues to drive the growth of the market. A Lithium-ion battery is a type of rechargeable batteries with high power density. It is getting more popular as many automakers use it as an alternative to nickel-metal batteries in electric vehicles and hybrid vehicles. Millennial Lithium Corp. (OTC: MLNLF), Tesla Inc. (NASDAQ: TSLA), Panasonic Corp. (OTC: PCRFY), Albemarle Corporation (NYSE: ALB), FMC Corp. (NYSE: FMC).

The declining availability of fossil fuels and the benefits of clean energy continue to boost the demand for electric vehicles. According to a report by Reuters, Consultants CRU Group stated that, "electric cars and plug-in hybrid vehicle sales could increase to 4.4 million in 2021 and reach more than 6 million by 2025." In addition, the consumer electronics market is expected to witness rapid growth in the coming years due to the strong demand for smartphones and other portable electronics in the Asia-Pacific region and other developing countries.

Millennial Lithium Corp. (OTCQB: MLNLF) is also listed on the TSX Venture Exchange under the ticker symbol ML. Earlier today, the company announced that it is pleased to report very positive analytical results from the latest exploration well at its Pastos Grandes Project in Salta, Argentina. Exploration hole PGMW17-04b, was drilled to a depth of 564 metres (m) and terminated in a brine-bearing formation. This hole, coupled with the results of holes PGMW16-01 and PGMW16-02 (see News Release dated Jan. 25, 2017), confirm the salar's brine carrying capacity extends to much greater depths than encountered in previous exploration wells. Hole PGMW17-04b intersected a robust brine horizon averaging a lithium grade of 535 milligrams per litre (mg/L) from 93.5m to 475m.

Millennial CEO, Farhad Abasov, commented, "We are very pleased to see that drilling in the Pastos Grandes salar continues to encounter very thick lithium brine-bearing sequences. The average lithium content of hole PGMW17-04b is 535 mg/L over an impressive 381.5m which is significantly higher than the values encountered in previous drilling. Millennial currently has two drills turning to further define the lithium-bearing brine in this region as it works toward a maiden resource estimate."

Exploration well PGMW17-04b, drilled to a final depth of 564m, was sampled using a double packer system which is designed to isolate sample intervals. Twenty seven brine samples were collected from 93.5m deep to 475m, and yielded an average lithium grade of 535 mg/L and an average magnesium/lithium ratio of 5.6. Individual lithium grades from the hole range from a low of 463 mg/L to a high of 623 mg/L. Potassium values range from 4906 mg/L to 6148 mg/L and average 5610 mg/L over the 381.5m intersection. Similar to magnesium, the sulphate/lithium ratio is also lower in this region, averaging 17.4 compared to an average of approximately 22.1 in holes PGMW16-01 and 02. Clastic sediments, primarily sand, form the majority of the lithium-bearing units and continue to the bottom of the hole. We anticipate the zone below 475m (the depth limit of pneumatic packer testing) to be consistent with the rest of the hole and we are undertaking bailer sampling to confirm..."

Tesla Inc. (NASDAQ: TSLA) in an official company blog announced earlier this year that, together with Panasonic Corp. (OTC: PCRFY) mass production of lithium-ion battery cells has begun, which will be used in Tesla's energy storage products and Model 3. The company said that the, "Gigafactory is being built in phases so that Tesla, Panasonic, and other partners can begin manufacturing immediately inside the finished sections and continue to expand thereafter. Our phased approach also allows us to learn and continuously improve our construction and operational techniques as we continue to drive down the cost of energy storage. Already, the current structure has a footprint of 1.9 million square feet, which houses 4.9 million square feet of operational space across several floors."

Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We power the potential of companies in many of the world's largest and most critical industries, from energy and communications to transportation and electronics. On May 3rd, the company reported first quarter 2017 net sales of $722.1 million, net income from continuing operations of $62.7 million and adjusted EBITDA of $211.4 million. "Our first quarter results clearly demonstrate the increased growth profile of Albemarle following the changes to our business portfolio over the last few years," said Luke Kissam, Albemarle's Chairman, President and CEO. "Excluding currency exchange impacts and divested businesses, both revenue and adjusted EBITDA grew by double digits, 15% and 14%, respectively, compared to first quarter 2016. Our industry-leading Lithium business lead that growth, with an adjusted EBITDA increase of 56%."

FMC Corp. (NYSE: FMC) operates its businesses in three segments: FMC Agricultural Solutions, FMC Health and Nutrition and FMC Lithium. On June 23rd, it announced that the company has signed a definitive agreement to sell its Epax Omega-3 business to Pelagia AS. The transaction is expected to close by the end of Q3 2017, subject to customary regulatory approvals and closing conditions. "We are pleased to sell our Omega-3 business to Pelagia AS, a leading manufacturer of pelagic fish products," said Eric Norris, President, FMC Health and Nutrition. "We believe Pelagia provides a strong strategic fit for our Epax® Omega-3 product line and will complement Pelagia's existing portfolio."

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WOBURN, Mass., June 27, 2017 /PRNewswire/ -- PcVue, Inc., the North American affiliate of ARC Informatique and HMI/SCADA software automation solution provider, will be presenting at Intersolar North America 2017, in San Francisco, July 11-13 a new solar solution to easily and reliably monitor and control SunSpec compliant solar assets.

The new PcVue Solutions SunSpec Scanner is compliant with the SunSpec standard for interoperability across solar power generation equipment.  It provides for automated configuration of the communication between compliant equipment such as inverters, smart meters and weather stations and PcVue's solar monitoring software platform.  Solar operations and maintenance (O&M) organizations and Independent Power Producers (IPP) that manage multiple PV farms using different supplier's equipment can now have a consistent supervisory system to manage all their solar assets.

According to the Solar Electric Power Association, as large-scale photovoltaic (PV) solar projects become an integral part of utility portfolios across the country, managing these assets for optimum performance—physical and financial—has become a high priority for a range of stakeholders. Specifically the industry requires more overlap of asset management (AM) and operations and maintenance (O&M) capabilities.

According to Ed Nugent, PcVue COO: "Intersolar is the perfect venue to unveil our SunSpec compliant solar monitoring solution and show how we solve communication and interoperability challenges engineers face when managing large PV farms.  PcVue Solutions SunSpec Scanner provides a robust automated and fully integrated system that is flexible, scalable and easy to use so that it saves time, optimizes performance and reduces maintenance issues."

The SunSpec Alliance is a trade alliance of over 70 solar and storage distributed energy industry participants, together pursuing information standards to enable "plug & play" system interoperability.

To learn more about this new solution, visit PcVue Inc.'s booth #9237 at the Balance of Systems Pavilion during Intersolar North America in San Francisco.

About PcVue, Inc.
PcVue is a SunSpec Alliance member and a provider of advanced HMI/SCADA software solutions. For more than 30 years, ARC Informatique and its affiliate PcVue Inc. have been developing, marketing and supporting innovative component-based solutions used by VAR's, OEM's and System Integrators for automation of buildings & renewable energy such as Solar Power. Headquartered in Woburn, Massachusetts and backed by ARC Informatique's global reach, PcVue Solutions are used by Fortune 500 and multinational corporations around the world. 
www.pcvuesolutions.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pcvue-inc-presents-new-sunspec-solar-solution-at-intersolar-north-america-2017-300478389.html

SOURCE PcVue Inc.

Read more: PcVue Inc. Presents New SunSpec Solar Solution...

NEWARK, N.J., June 27, 2017 /PRNewswire/ -- The Smart Electric Power Alliance (SEPA) has named Public Service Electric and Gas Company (PSE&G) its 2017 Investor Owned Utility of the Year.  In announcing the award, SEPA recognized PSE&G for its ongoing commitment to increasing the amount of solar power in New Jersey and specifically lauded the utility's work to build solar farms on landfills and brownfields in the state through its Solar 4 All® program.

Solar 4 All is PSE&G's 158 megawatt-dc (MW-dc) universal solar initiative that uses traditional solar farms as well as rooftops, parking lots, utility poles and landfills/brownfields for large-scale, universal solar projects that provide solar electricity directly to the PSE&G electric grid. The New Jersey Board of Public Utilities (BPU) initially approved the program in 2009 for 80MW-dc and has subsequently extended the program twice, once in 2013 for 45MW-dc and most recently in 2016 for an additional 33MW-dc.

"PSE&G's utility-owned, grid connected Solar 4 All program created a model that can be replicated across the country and will drive further transformation across the industry," said SEPA President and CEO Julia Hamm. "Moving towards a clean energy future involves rethinking how we interact with our environment and this program has done just that."

There are currently 123MW-dc of the program's 158MW-dc total in service comprised of 174,000 pole-attached solar units and 31 centralized solar projects.  Nine of the centralized projects are on landfill or brownfield sites, transforming 190 acres of mostly unused land into solar farms that provide more than 52MW-dc of universal solar electricity, which is enough to power about 8,500 homes annually.

"As a national leader in landfill and brownfield solar development, we are honored to be recognized by SEPA as their 2017 Investor Owned Utility of the Year," said Courtney McCormick, PSE&G vice president – renewables and energy solutions. "By building solar projects that are connected directly to the grid, our Solar 4 All program is ensuring that all of our electric customers truly share both the costs and the benefits of solar power.  Further, by focusing much of our efforts on landfill and brownfield solar development we are aligning with New Jersey public policy, helping to save scarce open space in our state and giving new purpose to sites that would otherwise have limited opportunities for development."

PSE&G is currently selecting three or four additional landfill and brownfield sites to build an additional 33MW-dc of solar capacity between now and 2020, with work on the first project expected to begin later this year.

"It's great to see utilities embracing solar and showing that it can be deployed in creative ways and in innovative locations," said judge Tom Hunt, senior vice president at Clean Energy Collective, SEPA's 2016 Innovative Partner of the Year.

Now in their ninth year, the SEPA Power Players Awards recognize utilities, their industry partners, individuals and other stakeholders on the front lines of energy transformation in the United States. Chosen by an independent panel of seven judges with diverse experience in the electric power industry, PSE&G and winners in six other categories will be honored at an awards dinner Wednesday, July 26, 2017 during SEPA's Grid Evolution Summit: A National Town Meeting in Washington, D.C.

About PSE&G
Public Service Electric and Gas Company (PSE&G) is New Jersey's oldest and largest regulated gas and electric delivery utility, serving nearly three-quarters of+ the state's population.  PSE&G is the winner of the ReliabilityOne Award for superior electric system reliability.  PSE&G is a subsidiary of Public Service Enterprise Group Incorporated (PSEG) (NYSE: PEG), a diversified energy company.

Visit PSEG at:
www.pseg.com 
PSEG on Facebook 
PSEG on Twitter 
PSEG on LinkedIn 
PSEG blog, Energize!

About SEPA
The Smart Electric Power Alliance is an educational nonprofit working to facilitate the utility industry's transition to a clean energy future through education, research, standards and collaboration. SEPA offers a range of research initiatives and resources, as well as conferences, educational events and professional networking opportunities. SEPA is founder and co-sponsor of Solar Power International and winner of the Keystone Policy Center's 2016 Leadership in Energy Award. For more information, visit www.sepapower.org.

Follow SEPA on Twitter, Facebook and LinkedIn.

Forward-Looking Statements
The statements contained in this communication about our and our subsidiaries' future performance, including, without limitation, future revenues, earnings, strategies, prospects, consequences and all other statements that are not purely historical, are "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated.  Such statements are based on management's beliefs as well as assumptions made by and information currently available to management.  When used herein, the words "anticipate," "intend," "estimate," "believe," "expect," "plan," "should," "hypothetical," "potential," "forecast," "project," variations of such words and similar expressions are intended to identify forward-looking statements.  Factors that may cause actual results to differ are often presented with the forward-looking statements themselves. Other factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are discussed in our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form 8-K filed with the Securities and Exchange Commission (SEC), and available on our website: http://investor.pseg.com/sec-filings.  All of the forward-looking statements made in this communication are qualified by these cautionary statements and we cannot assure you that the results or developments anticipated by management will be realized or even if realized, will have the expected consequences to, or effects on, us or our business, prospects, financial condition, results of operations or cash flows. Readers are cautioned not to place undue reliance on these forward-looking statements in making any investment decision. Forward-looking statements made in this communication apply only as of the date hereof.  While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to do so, even in light of new information or future events, unless otherwise required by applicable securities laws.

From time to time, PSEG, PSE&G and PSEG Power release important information via postings on their corporate website at http://investor.pseg.com. Investors and other interested parties are encouraged to visit the corporate website to review new postings. The "Email Alerts" link at http://investor.pseg.com may be used to enroll to receive automatic email alerts and/or Really Simple Syndication (RSS) feeds regarding new postings.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sepa-names-pseg-2017-investor-owned-utility-of-the-year-300480281.html

SOURCE PSE&G

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Read more: SEPA Names PSE&G 2017 Investor Owned Utility of...

SAN JOSE, Calif., June 27, 2017 /PRNewswire/ -- Developers are building an average of 80,000 new California homes a year, but the state needs another 1.8 million by 2025 in order to keep pace with its growing population, according to a 2017 report from California Department of Housing and Community Development. As of January 1, 2017, new construction homes must meet more stringent building energy codes that require higher levels of energy-efficiency, and many builders are turning to solar to achieve these goals.

This summer, SunPower will have installed solar at its 1,000th new home community. Working with new home builders since 2005, SunPower has already enabled about 25,000 newly-built homes across the country to be more energy-efficient with high performing residential solar systems; far ahead of California's Title 24, Section 6 code change that will require solar for all newly constructed homes in California in 2020 and beyond.

SunPower Installs Solar at 1,000th New Home Community
SunPower Installs Solar at 1,000th New Home Community

"Going with SunPower was a decision made after thoughtful consideration of potential solutions to meet the new energy code," said Craig Merry, Division President of Richmond American Homes in Northern California. "Their program and products offer cost-effective solutions, while providing marketing support in our sales centers and energy savings to homebuyers. SunPower has completed over 2,000 homes for Richmond American through our valued partnership, and we trust the value of their products and their performance on our job sites."

SunPower is currently partnered with 10 of the 13 largest builders in the U.S., according to Professional Builder magazine.

This year alone, about 1,500 new construction homes have already been constructed with SunPower® high efficiency solar systems as builders respond to a growing demand for solar homes, driven by increasing awareness that solar can significantly reduce the cost of home ownership.

This week, Matt Brost, SunPower's new homes senior director, will speak at PCBC, the largest homebuilding tradeshow representing the West Coast region, to educate building industry attendees on the important role of solar in the current code. Brost will also address how the industry expects the next code update to impact new home construction in 2020, as California continues its progress toward zero energy residences.

SunPower has showcased its expertise in meeting code compliance through the SunPower Up™ program, designed to help builders cost effectively comply with energy codes like Title 24. The program keeps construction costs down and increases marketability while empowering homeowners to choose lower cost alternatives for powering their new home.

"When compared to other energy efficiency measures, solar adds greater energy savings benefits to the homeowners who will ultimately occupy the home," said Martin DeBono, SunPower executive vice president, residential solar. "Incorporating solar into the construction of a home, while it's being built, makes a lot of sense, especially when homebuyers can reap the rewards of paying less for their electricity."

The California Energy Commission's New Solar Homes Partnership (NSHP) is part of the comprehensive statewide solar program, known as the California Solar Initiative. The NSHP program has provided incentives to builders to help prepare the building industry and achieve the 2020 goal of zero net energy homes. Since the program began in 2007, nearly 27,000 new solar homes have been completed by over 450 participating installers. SunPower has completed nearly half of all these homes, according to information provided by the Commission.

"The NSHP has helped catalyze solar on new construction," said David Hochschild, California Energy Commissioner.  "I'm glad to see that solar has a significant role in California energy code, which will help our state reduce pollution, build energy independence and reduce energy bills for Californians."

For more information on how solar can help builders meet coming code changes, visit SunPower on the exhibition floor during this week's 2017 PCBC Expo in San Diego, Calif. Learn about SunPower's experience helping homebuilders and homeowners go solar by visiting www.sunpower.com/home-builders. Or for tips on building a green home, see our blog here.

About SunPower
As one of the world's most innovative and sustainable energy companies, SunPower (NASDAQ: SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower's more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, and North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.

©2017 SunPower Corporation.  All Rights Reserved.  SUNPOWER, the SUNPOWER logo and SUNPOWER UP are trademarks or registered trademarks of SunPower Corporation in the U.S. and other countries as well.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/top-new-home-builders-choose-sunpower-to-advance-californias-net-zero-compliance-goals-before-2020-300480050.html

SOURCE SunPower Corp.

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Read more: Top New Home Builders Choose SunPower to Advance...

LONDON, June 27, 2017 /PRNewswire/ -- Poland's electromobility market is ripe for growth. Favourable government initiatives such as the Electromobility Plan and Electromobility and Alternative Fuels Act are reshaping local mobility and igniting innovative clean technologies to achieve higher competitiveness and energy optimization. Growth will be augmented by consumer incentives and the simultaneous development of infrastructure, energy distribution, and product offerings. Players should look for opportunities in charging point infrastructure development, automotive supply chain transformation, and public transport modernisation to gain a competitive advantage.

Poland Electromobility Market, 2016–2025, recent research from Frost & Sullivan's Mobility Growth Partnership subscription, finds that the EV market in Poland grew at an impressive compound annual growth rate (CAGR) of 77% during 2011-2016, with Mitsubishi Outlander plug-in hybrid electric vehicle (PHEV) being the best-selling model for three consecutive years. The research analyses the EV market in Poland as two segments: passenger vehicles and city buses. Key trends, forecasts, taxation structures, drivers, restraints, government plans, business models, charging station infrastructure, and energy generation strategies are discussed.

To find out more, or to talk to us, please email Anna Zanchi, Corporate Communications: This email address is being protected from spambots. You need JavaScript enabled to view it.

"Developing a charging point network will be critical to electric vehicle (EV) growth. Players should assess potential locations for the installation of charging stations, collaborate with municipalities to obtain permits for charging point construction, and consider merging the efforts of charging point operators, utilities, and oil and gas companies to leverage existing capabilities in charging technology, energy generation, and distribution networks," said Frost & Sullivan Mobility Consulting Analyst Ivan Kondratenko.

Poland's electromobility market developments and trends encouraging growth include:

  • Plan to have 1 million electric vehicles on the road by 2025;
  • Tax reductions, no real estate tax for charging points, no excise duty, free parking for EVs, and zero-emission zones;
  • Financial support from government and European Union (EU) fund for 45 municipalities to purchase 819 electric buses by 2020;
  • Establishment of eBus programme to modernise public transport with alternative fuel solutions such as electric powertrains;
  • Construction of battery production factory by LG Chem in Wroclaw to supply European original equipment manufacturers with EV batteries.

"New EV mobility business models are emerging through technology advancements, particularly app-based, on-demand services that encourage access to mobility rather than ownership, such as carsharing and electric taxis," noted Kondratenko. "Players should seek to tap into these lucrative nascent markets."

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.

Contact:
Anna Zanchi
Corporate Communications – Europe 
P: +39.02.4851 6133 
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http://www.frost.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/favourable-government-initiatives-and-new-ev-business-models-boost-polands-electromobility-market-300480185.html

SOURCE Frost & Sullivan

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SHANGHAI, June 26, 2017 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the photovoltaic (PV) industry, today announced that JinkoSolar Japan K.K. ("JinkoSolar Japan"), a subsidiary of the Company, has signed a JPY4.1 billion syndicated loan agreement up to two years with a bank consortium led by Sumitomo Mitsui Banking Corporation ("SMBC"). The financing will be used to support strong shipments growth in Japan and to supplement JinkoSolar Japan's working capital.

"I am pleased to have the opportunity to work with SMBC again in increasing our line of credit. As one of the largest commercial banks in Japan, SMBC upholds the highest standards and thoroughly evaluates the financial position of each company applying for a loan," commented Mr. Charlie Cao, JinkoSolar's Chief Financial Officer. "I believe this loan agreement demonstrates the trust and recognition of a respected financial institution in JinkoSolar's brand, business scale, operations and financial position. We look forward to working closely with SMBC and other local banks to further expand our business in Japan."

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:

In China:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email:This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Christian Arnell
Christensen
Tel: +86 10 5900 2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:
Ms.Linda Bergkamp
Christensen,
Scottsdale, Arizona
Tel: +1-480-614-3004
Email:
This email address is being protected from spambots. You need JavaScript enabled to view it.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/jinkosolar-signs-jpy41-billion-syndicated-loan-agreement-with-japanese-bank-consortium-led-by-smbc-300479415.html

SOURCE JinkoSolar Holding Co., Ltd.

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SHANGHAI, June 22, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company"), a global leader in the photovoltaic (PV) industry, today announced that it will supply 38.4 MW of PV modules to Fuji Electric Co., Ltd., for use in a solar plant in Tomakomai, on the southern Japanese island of Hokkaido.

Under the terms of the agreement, JinkoSolar will deliver its high efficiency solar modules from July to November in 2017 for a solar power plant in Hokkaido. This project includes a 10MWh sophisticated energy storage system, which will help adjust to variable load. This power plant is expected to be connected to the grid in 2018 and will enjoy a feed-in tariff (FIT) rate of ¥40 /kWh. This solar plant is funded via Tokumei Kumiai investments by Japanese institutional investors, Aquila Capital from Germany and Green Power Development Corporation of Japan. GI capital management provides Asset Management services to act the solar plant.

"We, Fuji Electric, has a Management Policy of 'Through our innovation in energy and environment technology, we contribute to the creation of responsible and sustainable societies.' The solar power generation project in Hokkaido is certainly the one which implements our Management Policy and we immensely expect from JinkoSolar as the module supplier. Fuji Electric considers JinkoSolar as an extremely important business partner." commented by Mr.Sasaki, Senior Manager of Photovoltaic & Wind Power Engineering Dept. Alternative Energy Plant Division Power & Social Infrastructure Business Group of Fuji Electric.

"We are glad to work with Fuji Electric for this interesting project in Hokkaido," commented Mr. Gener Miao, Vice President Global Sales and Marketing of JinkoSolar. "We will continue to provide high-quality PV products that our partners can rely on, and devote our efforts to the green energy development in Japan. We look forward to collaborating with Fuji Electric on future projects."

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:

In China:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Christian Arnell
Christensen, Beijing 
Tel: +86 10 5900 2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:
Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/jinkosolar-to-supply-384-mw-of-pv-modules-to-solar-plant-in-hokkaido-300478114.html

SOURCE JinkoSolar Holding Co., Ltd.

Read more: JinkoSolar to Supply 38.4 MW of PV Modules to...

SHANGHAI, June 12, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd.("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the photovoltaic (PV) industry, today announced that its Japan subsidiary ("Jinko Japan") has entered into a 187MW Cooperation Agreement (the "Agreement") with Quantum Power GK, a Japanese company within Quantum Group.

Quantum Group is a global company leader in the renewable energy industry providing project development, engineering, financing, EPC contracting and asset management including O&M services with more than 4 GW developed worldwide.In accordance with the Agreement, Jinko Japan will exclusively supply 187MW worth of 275Wp modules for three projects of Quantum Power in Japan located in Ibaraki, Gunma and Mie prefecture (the "Projects"). The last one is the largest integrated renewable project for Quantum, located in Matsuzaka, Mie prefecture, 330 km southwest of Tokyo. The project will operate a solar power plant, which generates 127,500 MWh per year and provides clean energy nearly to 90,000 households in the region. The power plant will start construction from July 2017 and is scheduled to complete by November 2018. The shipment of the modules for the Projects is supposed to commence in the fourth quarter of 2017.

"We are excited to build a partnership with JinkoSolar -- an innovative leader in the Solar Industry," said Lluis Torrent, Managing Director of Quantum Power Japan. "We are always looking to support and join with innovators and companies that we know will provide the most value to our solar customers."

"We are pleased to enter into this strategic relationship with Quantum Power GK," commented Mr. Gener Miao, JinkoSolar's Vice President of Global Sales and Marketing. "Our influence in the Japanese market will further increase and our efforts to support our customers in Japan will be greatly enhanced through this new relationship."

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

About Quantum Group

Quantum Group is a global company leader in the renewable energy industry providing project development, engineering, financing, EPC contracting and Asset Management including O&M services with more than 4 GW developed worldwide. Quantum Group is one of the pioneers and leaders in hybridization & water management within renewables, by means of the integration of the different technologies.

For more information, visit www.quantum.group/en/

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: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Christian Arnell
Christensen, Beijing 
Tel: +86 10 5900 2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/jinkosolar-signed-a-cooperation-agreement-with-quantum-power-gk-in-japan-300472155.html

SOURCE JinkoSolar Holding Co., Ltd.

Read more: JinkoSolar Signed A Cooperation Agreement with...

SHANGHAI, June 5, 2017 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced its unaudited financial results for the first quarter ended March 31, 2017.

First Quarter 2017 Highlights

  • Total solar module shipments were 2,068 megawatts ("MW"), an increase of 19.3% from 1,733 MW in the fourth quarter of 2016 and an increase of 29.3% from 1,600 MW in the first quarter of 2016.
  • Total revenues were RMB5.78 billion (US$839.3 million), an increase of 12.8% from the fourth quarter of 2016 and an increase of 9.4% from the first quarter of 2016.
  • Gross margin was 11.2%, compared with 14.3% in the fourth quarter of 2016 and 20.5% in the first quarter of 2016.
  • Income from operations was RMB56.8 million (US$8.3 million), compared with RMB77.9 million in the fourth quarter of 2016 and RMB529.1 million in the first quarter of 2016.
  • Net income attributable to the Company's ordinary shareholders from continuing operations was RMB60.6 million (US$8.8 million) in the first quarter of 2017, compared with RMB145.8 million in the fourth quarter of 2016 and RMB382.7 million in the first quarter of 2016.
  • Diluted earnings per American depositary share ("ADS") from continuing operations were RMB1.88(US$0.28).
  • Non-GAAP net income attributable to the Company's ordinary shareholders from continuing operations in the first quarter of 2017 was RMB80.0 million (US$11.6 million), compared with RMB228.6 million in the fourth quarter of 2016 and RMB437.8 million in the first quarter of 2016.
  • Non-GAAP basic and diluted earnings per ADS from continuing operations were RMB2.52(US$0.36) and RMB2.48(US$0.36) respectively in the first quarter of 2017.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "Module shipments during the quarter hit a record high of 2,068MW, a 19.3% increase sequentially while generating US$839.3 million in revenue. We continued to capitalize on the growing recognition of JinkoSolar's brand and high quality products and services to increase our market share and capture new opportunities during the quarter."

"Our gross margin contracted to 11.2% from 14.3% last quarter as a result of a slight decline in the average selling prices ("ASP") of solar modules, increased silicon prices and material costs caused by a shortage of supply in the first quarter. We believe our margins have room to improve in the second quarter and throughout the second half of the year as our mono wafer and PERC cell capacity increases and polysilicon prices stabilize."

"Demand in China remains strong with growth momentum expected to continue into the next quarter. While the June 30 Feed-in-Tariff has created some uncertainties in China's utility-scale market, we haven't seen demand weaken. Our deep involvement in the Top Runner and PV Poverty Alleviation projects as well as distributed generation projects will provide strong support for demand during the second half of the year."

"We strongly oppose the petition under Section 201 in the US, but believe growth momentum there will continue. ASPs of solar modules in the US have risen slightly in recently months due to strong demand. Demand from India and other emerging markets where we are devoting more resources to expand our leading market share also continue to grow rapidly. With such strong demand from across the globe, we expect module shipments to increase by approximately 25% sequentially in the second quarter of 2017."

"We continue to ramp up our mono wafer and PERC cell capacity, which will reduce the overall cost of our mono products and help increase our margins. Our mono PERC products are in short supply and have been fully booked out for the rest of the year, demonstrating the strong demand for our high quality products. In the meanwhile, our team is working hard to optimize the cost structure of both our mono and multi products."

"While we are facing some short-term industry headwinds, the continued development of the global solar industry is irreversible. We are confident in the long-term prospects of the solar industry and our sustainable growth strategy."

First Quarter 2017 Financial Results

Total Revenues

Total revenues in the first quarter of 2017 were RMB5.78 billion (US$839.3 million), an increase of 12.8% from RMB5.12 billion in the fourth quarter of 2016 and an increase of 9.4% from RMB5.28 billion in the first quarter of 2016. The sequential and year-over-year increases were mainly attributable to an increase in solar module shipments in the first quarter of 2017.

Gross Profit and Gross Margin

Gross profit in the first quarter of 2017 was RMB649.0 million (US$94.3 million), compared with RMB730.0 million in the fourth quarter of 2016 and RMB1.08 billion in the first quarter of 2016. The sequential and year-over-year decreases were mainly attributable to a decline in the ASP of solar modules in the first quarter of 2017.

Gross margin was 11.2% in the first quarter of 2017, compared with 14.3% in the fourth quarter of 2016 and 20.5% in the first quarter of 2016.

Income from Operations and Operating Margin

Income from operations in the first quarter of 2017 was RMB56.8 million (US$8.2 million), compared with RMB77.9 million in the fourth quarter of 2016 and RMB529.1 million in the first quarter of 2016. Operating margin in the first quarter of 2017 was 1.0%, compared with 1.5% in the fourth quarter of 2016 and 10.0% in the first quarter of 2016.

Total operating expenses in the first quarter of 2017 were RMB592.2 million (US$86.0 million), a decrease of 9.2% from RMB652.1 million in the fourth quarter of 2016 and an increase of 6.6% from RMB555.7 million in the first quarter of 2016. The sequential decrease was primarily due to the reversal of an allowance for doubtful accounts because of subsequent collection. The year-over-year increase was mainly due to increased shipping costs which were in line with the increase in solar module shipments.

Total operating expenses accounted for 10.3% of total revenues in the first quarter of 2017, compared to 12.7% in the fourth quarter of 2016 and 10.5% in the first quarter of 2016.

Interest Expense, Net

Net interest expense in the first quarter of 2017 was RMB57.1 million (US$8.3 million), a decrease of 23.4% from RMB74.5 million in the fourth quarter of 2016 and a decrease of 25.7% from RMB76.9 million in the first quarter of 2016.The sequential decrease was due to the repurchase of US$61.1 million in convertible senior notes. The year-over-year decrease was due to the repurchase of US$184.0 million in convertible senior notes and the repayment of US$17.4 million in bond payables.

Exchange Gain / (Loss), Net

The Company recorded a net exchange loss of RMB5.2 million (US$0.8 million) in the first quarter of 2017, compared to a net exchange gain of RMB17.7 million in the fourth quarter of 2016 and a net exchange gain of RMB29.5 million in the first quarter of 2016.

Income Tax Expense / (Benefit), Net

The Company recorded an income tax expense of RMB1.5 million (US$0.2 million) in the first quarter of 2017, compared with an income tax benefit of RMB49.2 million in the fourth quarter of 2016 and an income tax expense of RMB100.3 million in the first quarter of 2016. The sequential change was mainly due to the successful renewal of a National High and New Technology Enterprise license which grants one of the Company's subsidiaries a preferential tax rate. The year-over-year change was due to one of the Company's overseas subsidiaries receiving a tax exemption for a five-year period starting from August 2015.

The Company adopted ASU 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes" in 2017, which is effective for annual and interim periods beginning after December 15, 2016, and prospectively classified deferred tax liabilities and assets as noncurrent in the financial statements during the quarter ended March 31, 2017. 

Net Income and Earnings per Share

Net income attributable to the Company's ordinary shareholders from continuing operations in the first quarter of 2017 was RMB60.6 million (US$8.8 million), compared with RMB145.8 million in the fourth quarter of 2016 and RMB382.7million in the first quarter of 2016.

Basic and diluted earnings per ordinary share from continuing operations were RMB0.48(US$0.07) and RMB0.47(US$0.07), respectively, during the first quarter of 2017. This translates into basic and diluted earnings per ADS from continuing operations of RMB1.92(US$0.28) and RMB1.88(US$0.28), respectively.

Non-GAAP net income in the first quarter of 2017 was RMB80.0 million (US$11.6 million), compared with RMB228.6 million in the fourth quarter of 2016 and RMB437.8 million in the first quarter of 2016.

Non-GAAP basic and diluted earnings per ordinary share from continuing operations were RMB0.63(US$0.09) and RMB0.62(US$0.09), respectively, during the first quarter of 2017. This translates into non-GAAP basic and diluted earnings per ADS from continuing operations of RMB2.52(US$0.36) and RMB2.48(US$0.36), respectively.

Financial Position

As of March 31, 2017, the Company had RMB1.71 billion (US$249.0 million) in cash and cash equivalents and restricted cash, compared with RMB2.82 billion as of December 31, 2016.

As of March 31, 2017, the Company's accounts receivables due from third parties were RMB5.93 billion (US$860.9 million), compared with RMB4.75 billion as of December 31, 2016.

As of March 31, 2017, the Company's inventories were RMB5.37 billion (US$780.2 million), compared with RMB4.47 billion as of December 31, 2016. The strategic increase in inventories was primarily due to strong anticipated demand during the second quarter of 2017.

As of March 31, 2017, the Company's total interest-bearing debts were RMB6.10 billion (US$886.0 million), compared with RMB6.44 billion as of December 31, 2016.

First Quarter 2017 Operational Highlights

Solar Module Shipments

Total solar module shipments in the first quarter of 2017 amounted to 2,068 MW.

Solar Products Production Capacity

As of March 31, 2017, the Company's in-house annual silicon wafer, solar cell and solar module production capacity was 5.0 GW, 4.0 GW and 6.5 GW, respectively.

Recent Business Developments

  • In May 2017, JinkoSolar was the only Chinese company invited to participate in The Business 20 (B20) Summit held in Berlin, Germany.
  • In April 2017, JinkoSolar supplied 42 MW of solar modules to Asunim for use in two PV power plants in Izmir Province, southwest Turkey.
  • In March 2017, JinkoSolar, in partnership with GRID Alternatives, donated over 620 kW of high-efficiency solar modules to support GRID Alternatives' work brining solar power and job training to underserved communities.
  • In March 2017, JinkoSolar partnered with CleanFund Commercial PACE Capital to offer long-term project financing to US commercial project customers through the SolarPACETM program.
  • In March 2017, JinkoSolar and Marubeni Corporation entered into a Power Purchase Agreement with the Abu Dhabi Water and Electricity Company for the Solar PV Independent Power Project located at Sweihan, Emirate of Abu Dhabi, United Arab Emirates.
  • In February 2017, JinkoSolar completed the repurchase of certain 4.00% Convertible Senior Notes due in 2019 at the option of holders of the Notes.
  • In February 2017, JinkoSolar supplied 106.4 MWdc of PV modules to sPower for the Solverde 1 solar project in California.

Operations and Business Outlook

Second Quarter and Full Year 2017 Guidance

For the second quarter of 2017, the Company estimates total solar module shipments to be in the range of 2.5 GW to 2.6 GW.

For the full year 2017, the Company estimates total solar module shipments to be in the range of 8.5 GW and 9.0 GW.

Conference Call Information

JinkoSolar's management will host an earnings conference call on Monday, June 5, 2017 at 7:30 a.m. U.S. Eastern Time (7:30 p.m.Beijing / Hong Kong the same day).

Dial-in details for the earnings conference call are as follows:

Hong Kong / International:

+852-5808-3202


U.S. Toll Free:

+1-855-298-3404


Passcode:

JinkoSolar


Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call.

A telephone replay of the call will be available 2 hours after the conclusion of the conference call through 23:59 U.S. Eastern Time, June 12, 2017. The dial-in details for the replay are as follows:

International:

+61-2-9641-7900


U.S. Toll Free:

+1-866-846-0868


Passcode:

5716028


Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of JinkoSolar's website at www.jinkosolar.com.

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

Use of Non-GAAP Financial Measures

To supplement its consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), JinkoSolar uses certain non-GAAP financial measures including, non-GAAP net income , non-GAAP earnings per Share, non-GAAP earnings per ADS, and non-GAAP diluted weighted average ordinary shares outstanding, which are adjusted from the comparable GAAP results to exclude certain expenses or incremental ordinary shares relating to share-based compensation, convertible senior notes and capped call options:

  • Non-GAAP net income is adjusted to exclude the expenses relating to changes in fair value of convertible senior notes and capped call options, change in fair value of derivative liability, interest expenses of convertible senior notes, exchange gain on the convertible senior notes and capped call options, stock-based compensation, allocation of net income to redeemable non-controlling interests, and accretion to redemption value of redeemable non-controlling interests; given these Non-GAAP net income adjustments above are either related to the Company or its subsidiaries incorporated in Cayman Islands, which are not subject to tax exposures, or related to those subsidiaries with tax loss positions which result in no tax impacts, therefore no tax adjustment is needed in conjunction with these Non-GAAP net income adjustments; and
  • Non-GAAP earnings per Share and non-GAAP earnings per ADS are adjusted to exclude the expenses relating to the issuance costs of convertible senior notes, changes in fair value of convertible senior notes and capped call options, interest expenses of convertible senior notes and exchange gain on the convertible senior notes and capped call options, stock-based compensation, and accretion to redemption value of redeemable non-controlling interests.

The Company believes that the use of non-GAAP information is useful for analysts and investors to evaluate JinkoSolar's current and future performances based on a more meaningful comparison of net income and diluted net income per ADS when compared with its peers and historical results from prior periods. These measures are not intended to represent or substitute numbers as measured under GAAP. The submission of non-GAAP numbers is voluntary and should be reviewed together with GAAP results.

Currency Convenience Translation

The conversion of Renminbi into U.S. dollars in this release, made solely for the convenience of the readers, is based on the noon buying rate in the city of New York for cable transfers of Renminbi as certified for customs purposes by the Federal Reserve Bank of New York as of March 31, 2017, which was RMB6.8832 to US$1.00. No representation is intended to imply that the Renminbi amounts could have been, or could be, converted, realized, or settled into U.S. dollars at that rate or any other rate. The percentages stated in this press release are calculated based on Renminbi.

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:
Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Christian Arnell
Christensen
Tel: +86-10-5900-2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:
Ms. Linda Bergkamp
Christensen
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

JINKOSOLAR HOLDING CO., LTD. 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except ADS and Share data)


For the quarter ended


March 31, 2016


December 31, 2016


March 31, 2017

 Continuing operations 

RMB


RMB


RMB


USD

 Revenues from third parties 

5,214,532


5,085,938


5,753,080


835,815









 Revenues from related parties 

66,611


35,565


23,724


3,446









 Total revenues 

5,281,143


5,121,503


5,776,804


839,261









 Cost of revenues 

(4,196,265)


(4,391,518)


(5,127,779)


(744,970)









 Gross profit 

1,084,878


729,985


649,025


94,291









 Operating expenses: 








   Selling and marketing 

(338,369)


(350,662)


(413,812)


(60,119)

   General and administrative 

(178,983)


(221,810)


(115,950)


(16,845)

   Research and development 

(38,395)


(57,231)


(62,486)


(9,078)

   Impairment of long-lived assets 

-


(22,377)


-


-

 Total operating expenses 

(555,747)


(652,080)


(592,248)


(86,043)









 Income from operations 

529,131


77,905


56,777


8,248

 Interest expenses, net 

(76,891)


(74,538)


(57,121)


(8,299)

 Change in fair value of derivative liability 

(1,109)


(10,364)


376


55

 Subsidy income 

35,193


81,222


55,192


8,018

 Exchange gain/(loss) 

47,592


17,674


(6,339)


(921)

 Change in fair value of forward contracts 

(18,088)


19


1,105


161

 Change in fair value of convertible senior
   notes and capped call options 

(30,771)


(14,712)


-


-

 Other income/(expense), net 

(1,485)


9,437


11,943


1,735

 Investment income 

(482)


4,812


-


-

 Gain on disposal of subsidiaries 

-


5,018


-


-

 Income from continuing operations before income taxes

483,090


96,473


61,933


8,997

 Income tax (expense)/benefit 

(100,305)


49,200


(1,528)


(222)

Income from continuing operations, net of tax

382,785


145,673


60,405


8,775

 Discontinued operations 








 Gain on disposal of discontinued operations 

-


1,007,884


-


-

Loss from discontinued operations before income taxes   

(21,408)


(97,396)


-


-

Income tax expense, net

(137)


(53,020)


-


-

(Loss)/income from discontinued operations, net of tax

(21,545)


857,468


-


-









 Net income 

361,240


1,003,141


60,405


8,775

 Less: Net income/(loss) attributable to non-controlling
          interests from continuing operations 

89


(123)


(169)


(25)

 Less: Net income attributable to non-controlling
          interests from discontinued operations 

1,595


761


-


-

 Less: Allocation of net income to participating preferred shares issued
          by discontinued operations 

-


(13,895)


-


-

 Less: Accretion to redemption value of redeemable non-controlling
          interests of discontinued operations 

46,226


16,776


-


-

 Net income attributable to JinkoSolar Holding Co., Ltd.'s
 ordinary shareholders 

313,330


999,622


60,574


8,800

































 Earnings/(loss) per share for ordinary shareholders, basic 








 Continuing operations 

3.05


1.15


0.48


0.07

 Discontinued operations 

(0.55)


6.75


-


-

 Total earnings/(loss) per share for ordinary shareholders, basic 

2.50


7.90


0.48


0.07

















 Earnings/(loss) per share for ordinary shareholders, diluted 








 Continuing operations 

2.80


1.14


0.47


0.07

 Discontinued operations 

(0.47)


6.68


-


-

 Total earnings/(loss) per share for ordinary shareholders, diluted 

2.33


7.82


0.47


0.07









 Earnings/(loss) per ADS for ordinary shareholders, basic 








 Continuing operations 

12.20


4.60


1.92


0.28

 Discontinued operations 

(2.20)


27.00


-


-

 Total earnings/(loss) per ADS for ordinary shareholders, basic 

10.00


31.60


1.92


0.28









 Earnings/(loss) per ADS for ordinary shareholders, diluted 








 Continuing operations 

11.20


4.56


1.88


0.28

 Discontinued operations 

(1.88)


26.72


-


-

 Total earnings/(loss) per ADS for ordinary shareholders, diluted 

9.32


31.28


1.88


0.28









 Weighted average ordinary shares outstanding: 








   Basic 

125,477,086


126,412,714


126,820,607


126,820,607

   Diluted 

147,904,878


127,872,331


128,179,515


128,179,515









 Weighted average ADS outstanding: 








   Basic 

31,369,272


31,603,178


31,705,152


31,705,152

   Diluted 

36,976,220


31,968,083


32,044,879


32,044,879









UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME









 Net income 

361,240


1,003,141


60,405


8,775

 Other comprehensive income: 








   -Unrealized loss on available-for-sale securities 



-


-


-

   -Foreign currency translation adjustments 

(1,579)


108,078


(17,563)


(2,552)

 Comprehensive income 

359,661


1,111,219


42,842


6,223

 Less: Comprehensive income attributable to non-controlling interests 

1,684


638


(169)


(25)

 Less:Allocation of net income to participating preferred shares issued
          by discontinued operations 

-


(13,895)


-


-

 Comprehensive income attributable to JinkoSolar Holding Co., Ltd.'s
   ordinary shareholders 

357,977


1,124,476


43,011


6,248

























 Reconciliation of GAAP and non-Gaap Results(Excluding discontinued operations) 















 1. Non-GAAP earnings per share and non-GAAP earnings per ADS 
















 GAAP net income attributable to ordinary shareholders from continuing
operations 

382,695


145,796


60,574


8,800









 Change in fair value of derivative liability 

1,109


10,364


(376)


(55)









 Change in fair value of convertible senior notes and capped call options 

30,771


14,712


-


-









 4% of interest expense of convertible senior notes 

13,529


5,180


1,555


226









 Exchange (gain)/loss on  convertible senior notes and capped call options 

(3,005)


18,536


844


123









 Stock-based compensation expense 

12,669


33,987


17,402


2,528









 Non-GAAP net income attributable to ordinary shareholders from
continuing operations 

437,768


228,575


79,999


11,622









 Non-GAAP earnings per share attributable to ordinary shareholders from
continuing operations - 








   Basic 

3.49


1.81


0.63


0.09

   Diluted 

2.96


1.79


0.62


0.09









 Non-GAAP earnings per ADS attributable to ordinary shareholders from
continuing operations - 








   Basic 

13.96


7.24


2.52


0.36

   Diluted 

11.84


7.16


2.48


0.36









 Non-GAAP weighted average ordinary shares outstanding  








   Basic 

125,477,086


126,412,714


126,820,607


126,820,607

   Diluted 

147,904,878


127,872,331


128,179,515


128,179,515









 Non-GAAP weighted average ADS outstanding  








   Basic 

31,369,272


31,603,178


31,705,152


31,705,152

   Diluted 

36,976,220


31,968,083


32,044,879


32,044,879









Results presented herein exclude Jinko Power-related discontinued operations, unless specified otherwise

JINKOSOLAR HOLDING CO., LTD. 

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)


December 31, 2016


March 31, 2017


RMB


RMB


USD

ASSETS






Current assets:






  Cash and cash equivalents

2,501,417


1,468,630


213,364

  Restricted cash 

318,785


245,141


35,614

  Restricted short-term investments

3,333,450


3,362,971


488,577

  Short-term investments

71,301


174,557


25,360

  Accounts receivable, net - related parties

1,414,084


906,636


131,717

  Accounts receivable, net - third parties

4,753,715


5,925,716


860,896

  Notes receivable, net - related parties

610,200


610,000


88,622

  Notes receivable, net - third parties

915,315


430,258


62,508

  Advances to suppliers, net - related parties

662


-


-

  Advances to suppliers, net - third parties

325,766


312,962


45,468

  Inventories, net

4,473,515


5,370,024


780,164

  Forward contract receivables

641


1,029


149

  Deferred tax assets - current

130,676


-


-

  Other receivables - related parties

79,125


77,426


11,249

  Prepayments and other current assets

766,645


1,133,643


164,697

Total current assets

19,695,297


20,018,993


2,908,385







Non-current assets:






  Restricted cash

197,214


161,860


23,515

  Project Assets

55,063


89,484


13,000

  Long-term investments

7,200


9,080


1,319

  Property, plant and equipment, net

4,738,681


5,278,158


766,817

  Land use rights, net

450,941


449,434


65,294

  Intangible assets, net

20,297


20,853


3,030

  Deferred tax assets - non current

134,791


265,467


38,567

  Other assets - related parties

173,376


175,255


25,461

  Other assets - third parties

617,780


534,468


77,650

Total non-current assets

6,395,343


6,984,059


1,014,653







Total assets

26,090,640


27,003,052


3,923,038







LIABILITIES






Current liabilities:






  Accounts payable - third parties

4,290,071


5,737,776


833,591

  Notes payable - third parties

4,796,766


4,608,253


669,493

  Accrued payroll and welfare expenses

582,276


541,267


78,636

  Advances from related parties

60,541


62,900


9,138

  Advances from  third parties

1,376,920


1,388,464


201,718

  Income tax payable

168,112


131,247


19,068

  Other payables and accruals

1,019,419


993,597


144,352

  Other payables due to related parties

76,034


77,349


11,237

  Convertible senior notes - current

423,740


-


-

  Deferred tax liabilities - current

17,074


-


-

  Derivative liability -  current

10,364


9,988


1,451

  Short-term borrowings from third parties,
     including current portion of long-term bank
     borrowings

5,488,629


5,617,682


816,144

  Guarantee liabilities to related parties

52,711


47,376


6,882

Total current liabilities

18,362,657


19,215,899


2,791,710







Non-current liabilities:






  Long-term borrowings

488,520


445,734


64,757

  Long-term payables

44,014


35,022


5,089

  Accrued warranty costs - non current

511,209


531,498


77,217

  Convertible senior notes

-


69


10

  Deferred tax liability - non current

50,651


67,725


9,839

  Guarantee liabilities to related parties 
   - non current

173,376


169,867


24,678

Total non-current liabilities

1,267,770


1,249,915


181,590







Total liabilities

19,630,427


20,465,814


2,973,300







SHAREHOLDERS' EQUITY






Ordinary shares (US$0.00002 par value,
500,000,000 shares authorized, 126,733,266
and 127,988,106 shares issued and
outstanding as of  December 31, 2016 and
March 31, 2017, respectively)

18


18


3

Additional paid-in capital

3,145,262


3,179,445


461,914

Statutory reserves

466,253


466,253


67,738

Accumulated other comprehensive income

104,784


87,221


12,671

Treasury stock, at cost; 1,723,200 shares of
ordinary shares as of December 31, 2016 and
March 31, 2017, respectively

(13,876)


(13,876)


(2,016)

Accumulated retained earnings

2,758,268


2,818,842


409,525







Total JinkoSolar Holding Co., Ltd. shareholders' equity

6,460,709


6,537,903


949,835







Non-controlling interests

(496)


(665)


(97)







Total liabilities and shareholders' equity

26,090,640


27,003,052


3,923,038

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/jinkosolar-announces-first-quarter-2017-financial-results-300468445.html

SOURCE JinkoSolar Holding Co., Ltd.

Read more: JinkoSolar Announces First Quarter 2017...

SHANGHAI, May 31, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has supplied 65 MW of high efficiency Eagle Series modules to Energon Solar Sources Pvt. Ltd ("Energon Solar") for one of the largest utility scale solar project in Medak, Telangana, India.

Energon Solar is the developer executing this project under the tender of India'sNational Thermal Power Corporation Limited (NTPC). The project is now fully operational.

"We are pleased to corporate with Energon Solar for this remarkable project in Medak, Telangana," commented Mr. Gener Miao, Vice President Global Sales and Marketing of JinkoSolar, "India market is growing rapidly. We feel excited about the huge potential and will continue to expand our presence there."

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 5.0GW for silicon ingots and wafers, 4.0GW for solar cells, and 6.5 GW for solar modules, as of December 31, 2016.

JinkoSolar has over 15,000 employees across its 6 productions facilities in Jiangxi, Zhejiang and Xinjiang Provinces, China, 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. 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:

In China:

Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Christian Arnell
Christensen, Beijing
Tel: +86 10 5900 2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/jinkosolar-supplies-65mw-of-solar-modules-for-energon-solar-in-medak-telangana-india-300466181.html

SOURCE JinkoSolar Holding Co., Ltd.

Read more: JinkoSolar Supplies 65MW of Solar Modules for...

SHANGHAI, May 30, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that it attended the International Electrotechnical Commission's ("IEC") TC82 Plenary Meetings which was held from May 13-19, 2017 in Nara, Japan. Dr. Jin Hao, Vice President of JinkoSolar, gave opening remarks where he addressed the future of the standardization of solar cells and silicon wafers. As the convener of a working group on solar cells, he chaired a seminar held on May 16 and 17, 2017, during which experts discussed the revision of cell standards.

The IEC/TC82 is a technical organization that specializes in the international standardization of photovoltaic energy-related technologies. It mainly undertakes the drafting, formulation and publication of international standard projects in related fields. Six working groups were convened during the meetings, including Glossary (WG1), non-concentrating modules (WG2), systems (WG3), balance-of-system components (WG6), concentrating modules (WG7) and photovoltaic cells (WG8), as well as several joint working groups. At present, IEC/TC82 has 91 published standards and 70 ongoing projects. IEC standards carry significant authority around the world, which ensure product quality, create industry standards and protect the interests of customers. IEC attracts experts from all over the world to participate in the standard formulation and revision process. It is currently one of the largest standard-setting organizations in the industry.

The meeting was the first international technical seminar held by the IEC/T82 WG8 Working Group since its establishment. Several IEC members from China, U.S., Canada, Switzerland, South Korea, Germany and Japan attended the Plenary Meeting. During the WG8 Working Group meeting, experts discussed IEC60904-11 testing methods for initial light-induced degradation of crystalline silicon solar cell standards, which was jointly developed by JinkoSolar and Suntech. As the first IEC international standard for commercial batteries, the standard is closely followed by domestic and foreign experts. The standard has gone through numerous discussion, verification, and joint comparison and has basically completed the revision.

In his prepared remarks given at the IEC/TC82 Plenary Meetings, Dr. Jin commented, "China is a leader in manufacturing, marketing and technology in the PV industry. Its leadership however is not commensurate with its contribution to international PV standards. Solar cells are distributed in the market as mature products, but the absence of a unified evaluation system has been a problem plaguing the entire industry. In order to better protect the interests of all parties, developing an objective standard is the only way to meet the market's requirements."

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 5.0GW for silicon ingots and wafers, 4.0GW for solar cells, and 6.5 GW for solar modules, as of December 31, 2016. 

JinkoSolar has over 15,000 employees across its 6 productions facilities in Jiangxi, Zhejiang and Xinjiang Provinces, China, Malaysia, Portugal and South Africa, and 15 overseas subsidiaries across Japan (2),  Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia and South Africa. JinkoSolar has 18 global sales offices across 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:

In China:

Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Christian Arnell
Christensen, Beijing 
Tel: +86 10 5900 2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/jinkosolar-attends-iecs-tc82-2017-plenary-meetings-and-chairs-wg8-meeting-300465232.html

SOURCE JinkoSolar Holding Co., Ltd.

Read more: JinkoSolar Attends IEC's TC82 2017 Plenary...

SHANGHAI, May 24, 2017 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the photovoltaic ("PV") industry, today announced that in a signing ceremony held at the Emirates Palace, the financial agreements for the debt and equity funding for the Sweihan Solar PV Independent Power Project (the "Project") were signed by the Abu Dhabi Water and Electricity Authority ("ADWEA"), Sweihan Solar Holding Company Limited ("Sweihan"), a joint venture between JinkoSolar and Marubeni Corporation ("Marubeni"), and a syndicate of international and local banks.

The agreements closed a US$870 million financing for the Project, an 1,177 MW (DC) solar PV project with a 25-year PPA signed with ADWEA. The Project is expected to reach commercial operation date in April 2019.

"Today's Financial Closing is the culmination of 18 months of hard work, determination and commitment from many people, from multiple Abu Dhabi Government stakeholders, the international PV investor market, the international and local lending community and related advisors," commented H.E Abdullah Ali Musleh Al Ahbabi, Chairman of ADWEA. "I would like to take this opportunity to thank all those involved in making today's milestone possible. However today's event is just the beginning. Over the course of the next 2 years, the vision of the Sweihan PV Project will become reality."

"The financial closing of the Sweihan Project is an important step-forward to energize one of the largest solar power plants in the world," commented Mr. Xiande Li, Chairman of JinkoSolar. "We will continue to cultivate to the successful completion, operation, and maintenance of the Sweihan project with the highest standard, along with our partners ADWEA and Marubeni."

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 5.0GW for silicon ingots and wafers, 4.0GW for solar cells, and 6.5 GW for solar modules, as of December 31, 2016. 

JinkoSolar has over 15,000 employees across its 6 productions facilities in Jiangxi, Zhejiang and Xinjiang Provinces, China, Malaysia, Portugal and South Africa, and 15 overseas subsidiaries across Japan (2),  Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia and South Africa. JinkoSolar has 18 global sales offices across 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:

In China:

Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Christian Arnell
Christensen, Beijing 
Tel: +86 10 5900 2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/financial-agreements-of-sweihan-photovoltaic-independent-power-project-in-abu-dhabi-were-signed-300463061.html

SOURCE JinkoSolar Holding Co., Ltd.

Read more: Financial Agreements of Sweihan Photovoltaic...

SHANGHAI, May 23, 2017 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2017 before the open of U.S. markets on Monday, June 5, 2017.

JinkoSolar's management will host an earnings conference call on Monday, June 5, 2017 at 7:30 a.m. U.S. Eastern Time (7:30 p.m.Beijing / Hong Kong the same day).

Dial-in details for the earnings conference call are as follows:

Hong Kong / International:

+852-5808-3202


U.S. Toll Free:

+1-855-298-3404


Passcode:

JinkoSolar


Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call.

A telephone replay of the call will be available 2 hours after the conclusion of the conference call through 23:59 U.S. Eastern Time, June 12, 2017. The dial-in details for the replay are as follows:

International:

+61-2-9641-7900


U.S. Toll Free:

+1-866-846-0868


Passcode:

5716028


Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of JinkoSolar's website at http://www.jinkosolar.com.

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 5.0GW for silicon ingots and wafers, 4.0GW for solar cells, and 6.5 GW for solar modules, as of December 31, 2016.

JinkoSolar has over 15,000 employees across its 6 productions facilities in Jiangxi, Zhejiang and Xinjiang Provinces, China, Malaysia, Portugal and South Africa, 16 overseas subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, Spain, United States, Canada, Mexico, Brazil, Chile, Australia and South Africa. 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:

In China:

Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Christian Arnell
Christensen
Tel: +86 10 5900 2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/jinkosolar-to-report-first-quarter-2017-results-on-june-5-2017-300462149.html

SOURCE JinkoSolar Holding Co., Ltd.

Read more: JinkoSolar to Report First Quarter 2017 Results...

BEIJING, May 18, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that a team led by Mr. Xiande Li, Chairman of JinkoSolar, held a strategic meeting in Beijing on May 17, 2017 with Dr. Saleh H. Alawaji, Deputy Minister for Electricity Affairs for the Kingdom of Saudi Arabia and Chairman of the Saudi Electricity Company (SEC).

Dr. Alawaji briefed JinkoSolar on the SEC's business operations, services and long-term business prospects. Dr. Alawaji also shared his vision for Saudi Arabia's renewable energy development and growth targets.

Mr. Li introduced JinkoSolar's developments history, scale and capacity, as well as its latest achievements in both solar manufacturing and project development.

Dr. Alawaji was impressed by JinkoSolar's development history, deep experience, solid financing capabilities, and strong project development track record. Mr. Li was fascinated by the SEC's efforts in implementing a national energy diversification strategy and in creating a fair, transparent and open bidding mechanism for all Independent Power Producer (IPP) participants.

This strategic meeting created stronger ties between both parties and will aid in creating solar power opportunities across Saudi Arabia.

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 5.0GW for silicon ingots and wafers, 4.0GW for solar cells, and 6.5 GW for solar modules, as of December 31, 2016.

JinkoSolar has over 15,000 employees across its 6 productions facilities in Jiangxi, Zhejiang and Xinjiang Provinces, China, Malaysia, Portugal and South Africa, and 15 overseas subsidiaries across Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia and South Africa. JinkoSolar has 18 global sales offices across China (2), United Kingdom, Bulgaria, Greece, Romania, United Arab Emirates, Jordan, Saudi Arabia, Kuwait, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Brazil and Mexico.

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: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Christian Arnell
Christensen, Beijing 
Tel: +86 10 5900 2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/jinkosolar-holds-strategic-meeting-with-saudi-electricity-company-300459932.html

SOURCE JinkoSolar Holding Co., Ltd.

Read more: JinkoSolar Holds Strategic Meeting with Saudi...

ReNew Power Ventures Pvt. Ltd., India’s leading renewable energy Independent Power Producer, announced that the company has doubled its power generation capacity in a single year’s time to cross 2000 MW (2 GW).

Read more: ReNew Power invests INR 6700 crore to double its...

Invenergy Japan G.K. and SB Energy Corp., a subsidiary of SoftBank Group Corp. announced a partnership that will enable the joint development, financing, construction and operation of two new large-scale solar projects in Japan—Queens Solar Energy G.K. and Koumi Kogen Solar Energy G.K.

Read more: Invenergy Japan and SB Energy Announce New Solar...

Constant Energy is pleased to announce that it has executed a long-term Power Purchase Agreement with Schneider Electric industrial faculty in Bangpoo, Thailand.

Read more: Schneider Electric and ConstantEnergy affiliates...

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ET | Source: RGS Energy

DENVER, June 12, 2017 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ:RGSE), a residential and small-business commercial solar company since 1978, has been selected by Solarize Cranston, through a state-run program, Solarize Rhode Island, to bring solar electricity to home and business owners in Cranston, Rhode Island.

Solarize Rhode Island is a community supported discount buying program that uses tiered pricing, town supported education and outreach, competitively selected installers and access to flexible financing to dramatically reduce the cost of solar. The more residents sign up for the program, the more the cost comes down. The township of Cranston is the third largest city in the state, consisting of approximately 31,000 homeowners.

The following organizations will work together to provide marketing support for the campaign: RGS Energy, the Solarize Rhode Island Program Administrators, the Rhode Island Office of Energy Resources (OER), the Rhode Island Commerce Corporation’s Renewable Energy Fund, and SmartPower, a non-profit marketing firm dedicated to promoting clean energy and energy efficiency. The campaign began June 7 and will run through September 8.

“Solarize Rhode Island is an exciting program that has educated thousands of Rhode Island residents and facilitated almost 500 residents and business owners to make the decision to go solar,” said Shauna Beland, the Solarize Rhode Island Program Manager. “OER looks forward to working in Cranston with RGS Energy on continuing to provide solar education to Cranston residents.”

Karen Stewart, community outreach manager of SmartPower, noted: “Once again we are joining forces with RGS Energy to help increase the adoption of small-scale solar electricity to another Rhode Island community. In Rhode Island, RGS Energy has completed hundreds of solar installations, several of which are in Cranston. They can provide the type of efficiency and capacity that Cranston needs and this makes them an excellent fit for the Spring 2017 Solarize Cranston campaign. In addition, their marketing support and experience were key factors in the selection of RGS Energy as the preferred installer.”

RGS Energy Vice President of Sales Seth Wiggins commented: “We are honored to be chosen as the preferred installer on another Solarize Rhode Island campaign. For nearly four decades, we have been helping homeowners and businesses reduce their electricity costs with sustainable, renewable solar power. In fact, this solarize program marks the 41st time in our history we have been awarded a community solarize campaign. We believe that this may have the potential to be our most successful Solarize Rhode Island program to date.”

To learn more about the Solarize Cranston campaign, visit http://solarizeri.com/.

About RGS Energy
RGS Energy (NASDAQ:RGSE) is America’s original solar company, installing more than 25,000 residential and commercial solar power systems since 1978. RGS Energy makes it convenient for customers to save on their energy bill by providing turnkey solar solutions - from system design, construction planning, and customer financing assistance to installation, interconnection and warranty.

For more information, go to RGSEnergy.com, or connect with the company at www.facebook.com/rgsenergy or www.twitter.com/rgsenergy. Information on such websites is not incorporated by reference into this press release.

RGS Energy is the company’s registered trade name, and files periodic and other reports with the Securities and Exchange Commission under its corporate name, Real Goods Solar, Inc.

Forward-Looking Statements and Cautionary Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including statements regarding the RGS Energy’s results of operations and financial positions, and RGS Energy’s business and financial strategies. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they provide our current beliefs, expectations, assumptions, forecasts, and hypothetical constructs about future events, and include statements regarding our future results of operations and financial position, business strategy, budgets, projected costs, plans and objectives of management for future operations. The words “expect,” “believe,” “plan,” “future,” “may,” “will,” and similar expressions as they relate to us are intended to identify such forward-looking statements.

Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. Therefore, RGS Energy cautions you against relying on any of these forward-looking statements.

Key risks and uncertainties that may cause a change in any forward-looking statement or that could cause our actual results and financial condition to differ materially from those indicated in the forward looking statements include: the level of demand for RGS Energy’s solar energy systems; our ability to generate sales and make installations under the Solarize Rhode Island program and to assist residents of the Town of Cranston to help achieve their renewable energy objectives . You should read the section entitled “Risk Factors” in our 2016 Annual Report on Form 10-K, as amended, which has been filed with the Securities and Exchange Commission, which identify certain of these and additional risks and uncertainties. Any forward-looking statements made by us in this press release speak only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Investor Relations Contact

Ron Both
Managing Partner, CMA
Tel 1-949-432-7566
Read more: RGS Energy Selected as Exclusive Installer for...

Print
ET | Source: RGS Energy

DENVER, June 12, 2017 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ:RGSE), a residential and small-business commercial solar company since 1978, has been selected by Solarize Cranston, through a state-run program, Solarize Rhode Island, to bring solar electricity to home and business owners in Cranston, Rhode Island.

Solarize Rhode Island is a community supported discount buying program that uses tiered pricing, town supported education and outreach, competitively selected installers and access to flexible financing to dramatically reduce the cost of solar. The more residents sign up for the program, the more the cost comes down. The township of Cranston is the third largest city in the state, consisting of approximately 31,000 homeowners.

The following organizations will work together to provide marketing support for the campaign: RGS Energy, the Solarize Rhode Island Program Administrators, the Rhode Island Office of Energy Resources (OER), the Rhode Island Commerce Corporation’s Renewable Energy Fund, and SmartPower, a non-profit marketing firm dedicated to promoting clean energy and energy efficiency. The campaign began June 7 and will run through September 8.

“Solarize Rhode Island is an exciting program that has educated thousands of Rhode Island residents and facilitated almost 500 residents and business owners to make the decision to go solar,” said Shauna Beland, the Solarize Rhode Island Program Manager. “OER looks forward to working in Cranston with RGS Energy on continuing to provide solar education to Cranston residents.”

Karen Stewart, community outreach manager of SmartPower, noted: “Once again we are joining forces with RGS Energy to help increase the adoption of small-scale solar electricity to another Rhode Island community. In Rhode Island, RGS Energy has completed hundreds of solar installations, several of which are in Cranston. They can provide the type of efficiency and capacity that Cranston needs and this makes them an excellent fit for the Spring 2017 Solarize Cranston campaign. In addition, their marketing support and experience were key factors in the selection of RGS Energy as the preferred installer.”

RGS Energy Vice President of Sales Seth Wiggins commented: “We are honored to be chosen as the preferred installer on another Solarize Rhode Island campaign. For nearly four decades, we have been helping homeowners and businesses reduce their electricity costs with sustainable, renewable solar power. In fact, this solarize program marks the 41st time in our history we have been awarded a community solarize campaign. We believe that this may have the potential to be our most successful Solarize Rhode Island program to date.”

To learn more about the Solarize Cranston campaign, visit http://solarizeri.com/.

About RGS Energy
RGS Energy (NASDAQ:RGSE) is America’s original solar company, installing more than 25,000 residential and commercial solar power systems since 1978. RGS Energy makes it convenient for customers to save on their energy bill by providing turnkey solar solutions - from system design, construction planning, and customer financing assistance to installation, interconnection and warranty.

For more information, go to RGSEnergy.com, or connect with the company at www.facebook.com/rgsenergy or www.twitter.com/rgsenergy. Information on such websites is not incorporated by reference into this press release.

RGS Energy is the company’s registered trade name, and files periodic and other reports with the Securities and Exchange Commission under its corporate name, Real Goods Solar, Inc.

Forward-Looking Statements and Cautionary Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including statements regarding the RGS Energy’s results of operations and financial positions, and RGS Energy’s business and financial strategies. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they provide our current beliefs, expectations, assumptions, forecasts, and hypothetical constructs about future events, and include statements regarding our future results of operations and financial position, business strategy, budgets, projected costs, plans and objectives of management for future operations. The words “expect,” “believe,” “plan,” “future,” “may,” “will,” and similar expressions as they relate to us are intended to identify such forward-looking statements.

Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. Therefore, RGS Energy cautions you against relying on any of these forward-looking statements.

Key risks and uncertainties that may cause a change in any forward-looking statement or that could cause our actual results and financial condition to differ materially from those indicated in the forward looking statements include: the level of demand for RGS Energy’s solar energy systems; our ability to generate sales and make installations under the Solarize Rhode Island program and to assist residents of the Town of Cranston to help achieve their renewable energy objectives . You should read the section entitled “Risk Factors” in our 2016 Annual Report on Form 10-K, as amended, which has been filed with the Securities and Exchange Commission, which identify certain of these and additional risks and uncertainties. Any forward-looking statements made by us in this press release speak only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Investor Relations Contact

Ron Both
Managing Partner, CMA
Tel 1-949-432-7566
Read more: RGS Energy Selected as Exclusive Installer for...

Print
ET | Source: JA Solar Holdings Co., Ltd.

BEIJING, June 06, 2017 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) (“JA Solar” or “JA”), one of the world’s largest manufacturers of high-performance solar power products, today announced that its board of directors (the “Board”) has received a revised non-binding proposal letter, dated June 6, 2017, from Mr. Baofang Jin, chairman and chief executive officer of the Company, and Jinglong Group Co., Ltd., a British Virgin Islands company of which Mr. Baofang Jin is the sole director (together, the “Buyer Group”) to acquire all of the outstanding ordinary shares of the Company not owned by them or their affiliates for US$6.80 in cash per American depositary share ("ADS", each representing five ordinary shares), or US$1.36 per ordinary share.  A copy of the proposal letter is attached hereto as Exhibit A.

The special committee of the Board (the “Special Committee”), formed to consider the original proposal by the Buyer Group, intends to evaluate this revised proposal with the assistance of its financial and legal advisors. The Special Committee cautions the Company’s shareholders and others considering trading in the Company’s securities that no decision has been made by the Special Committee or the Board with respect to the revised proposal. There can be no assurance that any definitive offer will be made, any agreement will be executed or that this or any other transaction will be approved or consummated.

About JA Solar Holdings Co., Ltd.

JA Solar Holdings Co., Ltd. is a leading manufacturer of high-performance solar power products that convert sunlight into electricity for residential, commercial, and utility-scale power generation. The Company is one of the world’s largest producers of solar power products. Its standard and high-efficiency product offerings are among the most powerful and cost-effective in the industry. The Company distributes products under its own brand and also produces on behalf of its clients. The Company shipped 5.2 GW of solar power products in 2016. JA Solar is headquartered in Beijing, China, and maintains production facilities in Shanghai, Hebei, Jiangsu and Anhui provinces in China, as well as Penang, Malaysia and Hanoi, Vietnam.

For more information, please visit www.jasolar.com.

Safe-Harbor Statement

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words such as “may,” “expect,” “anticipate,” “aim,” “intend,” “plan,” “believe,” “estimate,” “potential,” “continue,” and other similar statements. Statements other than statements of historical facts in this announcement are forward-looking statements, including but not limited to, our expectations regarding the expansion of our manufacturing capacities, our future business development, and our beliefs regarding our production output and production outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Further information regarding these and other risks is included in Form 20-F and other documents filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

For investor and media inquiries, please contact:

The Blueshirt Group
Ralph Fong
Phone: +1 (415) 489-2195
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Exhibit A
June 6, 2017

The Board of Directors
JA Solar Holdings Co., Ltd. (the “Company”)
Building No.8, Noble Center, Automobile Museum East Road
Fengtai, Beijing 100070
The People’s Republic of China

Dear Members of the Board of Directors:

Reference is made to the non-binding preliminary proposal, dated June 5, 2015 (the “Original Proposal”), made by Mr. Baofang Jin, chairman and chief executive officer of the Company, and Jinglong Group Co., Ltd., a British Virgin Islands company of which Mr. Baofang Jin is the sole director (together, the “Buyer Group”), to acquire all of the outstanding ordinary shares (the “Shares”) of the Company not already owned by the members of the Buyer Group or their respective affiliates (the “Acquisition”).

We very much appreciate the time spent and efforts made by the special committee (the “Special Committee”) of the Company’s board of directors and its advisors so far to consider and evaluate our Original Proposal. We are submitting this revised non-binding proposal to reaffirm our interests in the Acquisition and to revise our offer price (the “Offer Price”) to US$6.80 in cash per American Depositary Share of the Company (“ADS”, each representing five Shares), or US$1.36 in cash per Share.

Our decision to revise the Offer Price has been a difficult one to make but is necessitated by the tougher than expected market conditions faced by the Company.  In particular,

  • The global financial markets have experienced significant volatility recently, including substantial volatility in equity securities markets and volatility and tightening of liquidity in credit markets. These developments have negatively affected our ability to raise the necessary equity and debt financing required by our Original Proposal.
  • Outlook for the solar industry remains gloomy in the short term due to increasing overcapacity and slowing demand. In the first quarter of 2017, the Company’s gross margin went down 120 and 490 basis points quarter-on-quarter and year on year due to lower average selling prices. Prices of, and demand for, photovoltaic modules and cells in China are expected to weaken after June 30, 2017, the grid-connection deadline to avoid planned tariff cuts. The Company also expects possible price and volume decline in South America and India, which are perceived to be the key markets for solar demand growth.
  • The growth prospect of the Company is subject to increased uncertainty in trade policy and government subsidies, where changes can occur unexpectedly.  For example, a U.S. solar manufacturer recently filed a minimum import price petition under Section 201 of the Trade Act of 1974 with The United States International Trade Commission. If the United States grants Section 201 relief with a four-year minimum import price on photovoltaic modules and cells, which could be set at roughly twice the current market price, the Company’s business would be negatively affected.
  • China’s GDP growth rate was 6.7% in the 2016, which was the lowest since 1990, and the economic slowdown and challenges to the macroeconomic environment in China are expected to sustain. The solar industry in China may have reached market saturation after rapid development over the past few years. The annual demand for photovoltaic modules in China is predicted to drop from 34.2 gigawatts in 2016 to 31.5 gigawatts in 2017. Coupled with overcapacity in the Chinese solar industry, the Company may face greater challenges to grow or even to maintain its market position.

In closing, we continue to be fully committed to close the Acquisition and believe that the Acquisition would provide attractive value to the Company’s shareholders. We hope that the Special Committee will give prompt consideration to our revised proposal and we are prepared to move forward with the Acquisition on an expedited basis.

Should you have any questions regarding this proposal, please do not hesitate to contact the undersigned. We look forward to hearing from you.

By:   /s/ Baofang Jin
    Baofang Jin
 
Jinglong Group Co., Ltd.
   
By:   /s/ Baofang Jin
    Name: Baofang Jin
    Title: Authorized Signatory
Read more: JA Solar Announces Receipt of Revised...

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ET | Source: JA Solar Holdings Co., Ltd.

BEIJING, June 06, 2017 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) (“JA Solar” or “JA”), one of the world’s largest manufacturers of high-performance solar power products, today announced that its board of directors (the “Board”) has received a revised non-binding proposal letter, dated June 6, 2017, from Mr. Baofang Jin, chairman and chief executive officer of the Company, and Jinglong Group Co., Ltd., a British Virgin Islands company of which Mr. Baofang Jin is the sole director (together, the “Buyer Group”) to acquire all of the outstanding ordinary shares of the Company not owned by them or their affiliates for US$6.80 in cash per American depositary share ("ADS", each representing five ordinary shares), or US$1.36 per ordinary share.  A copy of the proposal letter is attached hereto as Exhibit A.

The special committee of the Board (the “Special Committee”), formed to consider the original proposal by the Buyer Group, intends to evaluate this revised proposal with the assistance of its financial and legal advisors. The Special Committee cautions the Company’s shareholders and others considering trading in the Company’s securities that no decision has been made by the Special Committee or the Board with respect to the revised proposal. There can be no assurance that any definitive offer will be made, any agreement will be executed or that this or any other transaction will be approved or consummated.

About JA Solar Holdings Co., Ltd.

JA Solar Holdings Co., Ltd. is a leading manufacturer of high-performance solar power products that convert sunlight into electricity for residential, commercial, and utility-scale power generation. The Company is one of the world’s largest producers of solar power products. Its standard and high-efficiency product offerings are among the most powerful and cost-effective in the industry. The Company distributes products under its own brand and also produces on behalf of its clients. The Company shipped 5.2 GW of solar power products in 2016. JA Solar is headquartered in Beijing, China, and maintains production facilities in Shanghai, Hebei, Jiangsu and Anhui provinces in China, as well as Penang, Malaysia and Hanoi, Vietnam.

For more information, please visit www.jasolar.com.

Safe-Harbor Statement

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words such as “may,” “expect,” “anticipate,” “aim,” “intend,” “plan,” “believe,” “estimate,” “potential,” “continue,” and other similar statements. Statements other than statements of historical facts in this announcement are forward-looking statements, including but not limited to, our expectations regarding the expansion of our manufacturing capacities, our future business development, and our beliefs regarding our production output and production outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Further information regarding these and other risks is included in Form 20-F and other documents filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

For investor and media inquiries, please contact:

The Blueshirt Group
Ralph Fong
Phone: +1 (415) 489-2195
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Exhibit A
June 6, 2017

The Board of Directors
JA Solar Holdings Co., Ltd. (the “Company”)
Building No.8, Noble Center, Automobile Museum East Road
Fengtai, Beijing 100070
The People’s Republic of China

Dear Members of the Board of Directors:

Reference is made to the non-binding preliminary proposal, dated June 5, 2015 (the “Original Proposal”), made by Mr. Baofang Jin, chairman and chief executive officer of the Company, and Jinglong Group Co., Ltd., a British Virgin Islands company of which Mr. Baofang Jin is the sole director (together, the “Buyer Group”), to acquire all of the outstanding ordinary shares (the “Shares”) of the Company not already owned by the members of the Buyer Group or their respective affiliates (the “Acquisition”).

We very much appreciate the time spent and efforts made by the special committee (the “Special Committee”) of the Company’s board of directors and its advisors so far to consider and evaluate our Original Proposal. We are submitting this revised non-binding proposal to reaffirm our interests in the Acquisition and to revise our offer price (the “Offer Price”) to US$6.80 in cash per American Depositary Share of the Company (“ADS”, each representing five Shares), or US$1.36 in cash per Share.

Our decision to revise the Offer Price has been a difficult one to make but is necessitated by the tougher than expected market conditions faced by the Company.  In particular,

  • The global financial markets have experienced significant volatility recently, including substantial volatility in equity securities markets and volatility and tightening of liquidity in credit markets. These developments have negatively affected our ability to raise the necessary equity and debt financing required by our Original Proposal.
  • Outlook for the solar industry remains gloomy in the short term due to increasing overcapacity and slowing demand. In the first quarter of 2017, the Company’s gross margin went down 120 and 490 basis points quarter-on-quarter and year on year due to lower average selling prices. Prices of, and demand for, photovoltaic modules and cells in China are expected to weaken after June 30, 2017, the grid-connection deadline to avoid planned tariff cuts. The Company also expects possible price and volume decline in South America and India, which are perceived to be the key markets for solar demand growth.
  • The growth prospect of the Company is subject to increased uncertainty in trade policy and government subsidies, where changes can occur unexpectedly.  For example, a U.S. solar manufacturer recently filed a minimum import price petition under Section 201 of the Trade Act of 1974 with The United States International Trade Commission. If the United States grants Section 201 relief with a four-year minimum import price on photovoltaic modules and cells, which could be set at roughly twice the current market price, the Company’s business would be negatively affected.
  • China’s GDP growth rate was 6.7% in the 2016, which was the lowest since 1990, and the economic slowdown and challenges to the macroeconomic environment in China are expected to sustain. The solar industry in China may have reached market saturation after rapid development over the past few years. The annual demand for photovoltaic modules in China is predicted to drop from 34.2 gigawatts in 2016 to 31.5 gigawatts in 2017. Coupled with overcapacity in the Chinese solar industry, the Company may face greater challenges to grow or even to maintain its market position.

In closing, we continue to be fully committed to close the Acquisition and believe that the Acquisition would provide attractive value to the Company’s shareholders. We hope that the Special Committee will give prompt consideration to our revised proposal and we are prepared to move forward with the Acquisition on an expedited basis.

Should you have any questions regarding this proposal, please do not hesitate to contact the undersigned. We look forward to hearing from you.

By:   /s/ Baofang Jin
    Baofang Jin
 
Jinglong Group Co., Ltd.
   
By:   /s/ Baofang Jin
    Name: Baofang Jin
    Title: Authorized Signatory
Read more: JA Solar Announces Receipt of Revised...

Print
ET | Source: JA Solar Holdings Co., Ltd.

BEIJING, May 26, 2017 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or "JA"), one of the world's largest manufacturers of high-performance solar power products, today announced that it will hold its annual general meeting of shareholders (“AGM”) on Friday, June 30, 2017 at 10:30a.m., Beijing time, at the conference room of the Company, 8/F, Building 8, Nord Centre, East Qiche Bowuguan Road, Fengtai District, Beijing 100160, the People’s Republic of China. The shareholder record date is May 26, 2017.

A notice of the AGM describing the matters to be considered during the meeting is available via the AGM link in the Events & Presentations section at the Company's investor relations website at http://investors.jasolar.com.

About JA Solar Holdings Co., Ltd.

JA Solar Holdings Co., Ltd. is a leading manufacturer of high-performance solar power products that convert sunlight into electricity for residential, commercial, and utility-scale power generation. The Company is one of the world’s largest producers of solar power products. Its standard and high-efficiency product offerings are among the most powerful and cost-effective in the industry. The Company distributes products under its own brand and also produces on behalf of its clients. The Company shipped 5.2 GW of solar power products in 2016. JA Solar is headquartered in Beijing, China, and maintains production facilities in Shanghai, Hebei, Jiangsu and Anhui provinces in China, as well as Penang, Malaysia and Hanoi, Vietnam.

For more information, please visit www.jasolar.com.

Contact:
The Blueshirt Group
Ralph Fong
Phone: +1 (415) 489-2195
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

JA Solar Holdings Co., Ltd.

Zhabei, CHINA

Contact:
The Blueshirt Group
Ralph Fong
Phone: +1 (415) 489-2195
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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In its attempt to become power surplus and increase the share of renewable energy, the Bihar government has planned to set up a nuclear plant of around 3,000 MW capacity at Rajauli in Nawada district, a senior minister said today.

The post Bihar bets big on nuclear power; plans 3,000 MW plant appeared first on The Financial Express.

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He said the government would like to introduce solar water pumps for agriculture purposes. "We can start it from Ralegan Siddhi village," he said.
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