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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.

Read more: JinkoSolar Signs JPY4.1 Billion Syndicated Loan...

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, 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...

In the news release, JinkoSolar Becomes First Chinese PV Manufacturer to Receive IEC61345 Certification from TUV Rheinland, issued 11-May-2017 by JinkoSolar Co., Ltd. over PR Newswire, we are advised by the company that the title and the first 3 paragraphs contain some changes. The complete, corrected release follows:

JinkoSolar Becomes First Chinese PV Manufacturer to Pass 160 KWh/m2 UV Test (according to IEC 61345)

SHANGHAI, May 16, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that its modules have passed intensive UV test in terms of IEC61345 from TUV Rheinland.

Comparing with test procedure of UV Preconditioning test defined in IEC61215, which is the major international standard of the industry, IEC 61345 intend to verify the sample's UV resistance under different ultraviolet level ("UVA", 320nm~400nm "UVB", 280nm~320nm). By considering the test condition of that, Jinko required TUV Rheinland to perform the special UV test which had more than 160KWh/m2 irradiance for exposure (137.84KWh/m2 for front side and 30.07KWh/m2 for rear side). And power degradation was less than 5%.

"I'm proud that JinkoSolar is the first Chinese PV manufacturer to pass intensive UV test according to IEC61345, which further demonstrates our technology strength and leading position in the industry," commented Mr. Kangping Chen, Chief Executive Officer of JinkoSolar. "We have always been committed to providing our clients with the highest quality and most reliable products while being at the forefront of solar technology."

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-becomes-first-chinese-pv-manufacturer-to-receive-iec61345-certification-from-tuv-rheinland-300455843.html

SOURCE JinkoSolar Co., Ltd.

Read more: /C O R R E C T I O N -- JinkoSolar Co., Ltd./

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, 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...

The Sunshine Coast Solar Farm enables the local Sunshine Coast Council to become Australia's first local government to offset 100 percent of its electricity consumption across all its facilities and operations from renewable energy. The farm, which is solely owned by the Council, is expected to save the organisation up to $22 million, after costs, over a 30-year period based on today's cost of electricity.

Downer was awarded the contract to Design, Construct, Operate and Maintain (DCOM) the Sunshine Coast Solar Farm and appointed Trina Solar to supply 57,000 pieces of Duomax PEG14 315 W photovoltaic (PV) solar panel modules.

The farm is the country's fifth largest installed solar plant and is built on 24 hectares in Valdora which is exposed to high winds and extreme weather conditions such as cyclones. To mitigate this, the Duomax module was selected due to its robust mechanical properties that can withstand extreme weather conditions. It has consistently topped industry performances and its warranty fulfils the 30-year design life planned for the solar farm. Duomax has unique module architecture utilizing double glass and a frameless design that enables improved product reliability and performance. The product is specifically designed to improve project Levelized Cost of Electricity (LCOE) driven by its lower degradation rate and enables Balance of Systems (BoS) savings at system level, making it a preferred choice for developers.

Ms. Helena Li, President, Asia Pacific and Middle East, Trina Solar said: "It is our great pleasure to once again work with Downer to deliver a milestone for the Australian utility industry - the Sunshine Coast Solar Farm is one of the first projects to be delivered at the 1500V rating system. We are proud to have played a part in helping the region transition into a clean energy economy."

"We're pleased to continue growing our relationships with partners like Trina Solar to deliver large scale renewable projects and continue our leadership in the renewable energy sector," said Trevor Cohen, Executive Director, Downer Utilities.

At its peak, the Sunshine Coast Solar Farm will generate 15,000 kilowatts of electricity from the sun. This will supply power to the local Council's administration buildings, aquatic centres, community and performance venues, as well as holiday parks, libraries, art galleries and sporting facilities. The electricity generated over one year is enough to power about 5000 homes.

About Trina Solar Limited

Trina Solar Limited is a global leader in photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company's industry-leading position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.

SOURCE Trina Solar Limited

Related Links

http://www.trinasolar.com

Read more: Trina Solar panels powers Sunshine Coast Solar...

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 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...

SHANGHAI, May 11, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that its modules have received IEC61345 certification from TUV Rheinland.

IEC61345 certification employs stricter testing criteria compared to IEC61215 certification, which currently serves as the industry standard UV test. It is mainly used to test modules' UV resistance under ultraviolet b ("UVB", 280nm~320nm), which requires exposure to exceed 7.5KWh/m2 on the top side and 0.75KWh/m2 on the reverse side. To meet these stringent standards, exposed modules on the top side should be over 137.8KWh/m2 under UVA+UVB (280nm~400nm).

"I'm proud that JinkoSolar is the first Chinese PV manufacturer to receive IEC61345 certification, which further demonstrates our technology strength and leading position in the industry," commented Mr. Kangping Chen, Chief Executive Officer of JinkoSolar. "We have always been committed to providing our clients with the highest quality and most reliable products while being at the forefront of solar technology."

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-becomes-first-chinese-pv-manufacturer-to-receive-iec61345-certification-from-tuv-rheinland-300455843.html

SOURCE JinkoSolar Co., Ltd.

Read more: JinkoSolar Becomes First Chinese PV Manufacturer...

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...

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...

CHANGZHOU, China, May 5, 2017 /PRNewswire/ -- Trina Solar ("Trina Solar" or the "Company"), a global leader in photovoltaic (PV) modules, solutions and services, today announced that its State Key Laboratory (SKL) of PV Science and Technology (PVST) has set a new record of 24.13% total-area efficiency for a large-area (156 x 156mm2) n-type mono-crystalline silicon (c-Si) Interdigitated Back Contact (IBC) solar cell.

The record-breaking n-type mono-crystalline silicon solar cell was fabricated on a large-sized phosphorous-doped Cz Silicon substrate with a low-cost industrial IBC process, featuring conventional tube doping technologies and fully screen-printed metallization. The 156×156 mm2 solar cell reached a total-area efficiency of 24.13% as independently measured by the Japan Electrical Safety & Environment Technology Laboratories (JET). The IBC solar cell has a total measured area of 243.3cm2 and was measured without any aperture. The champion cell presents the following characteristics: an open-circuit voltage Voc of 702.7mV, a short-circuit current density Jsc of 42.1 mA/cm2 and a fill factor FF of 81.47%.

In February 2014, Trina Solar and the Australian National University (ANU) jointly announced a world record aperture efficiency of 24.37% for a laboratory-scale 4cm2 IBC solar cell, fabricated on a Float Zone (FZ) n-type substrate and using photolithography patterning. In December 2014, Trina Solar announced a 22.94% total-area efficiency for an industrial version, large size (156x 156mm2, 6" substrate), IBC solar cell. In April 2016, Trina Solar announced an improved industrial low-cost IBC solar cell with a total-area efficiency of 23.5%. The new record of 24.13% total-area efficiency is just 0.24% absolute below the small-area laboratory cell record aperture-efficiency jointly established by the Company and ANU. Total-area efficiencies are always lower than aperture-efficiencies, due to efficiency losses related to the edges of the cells and electrical contact areas.

"We are very delighted to announce the latest achievement from our research team at the SKL PVST. Over the last few years, our R&D team has managed to continuously improve the efficiency of our n-type IBC solar cells, pushing the limits and surpassing our previous records, and approaching very closely to the performance of our best small-area laboratory cell developed in collaboration with ANU three years ago." said Dr. Pierre Verlinden, Vice-President and Chief Scientist of Trina Solar. "IBC solar cells are one of the most efficient silicon solar cells available today and are particularly suitable for applications for which the requirement of a high power density is more important than LCOE (Levelized Cost of Electricity). Our IBC cell program has always focused on the development of large-area cells and low-cost industrial processes. We are very happy to announce today that our industrial large area IBC cell has reached almost the same level of performance as the small-area laboratory cell made three years ago with a photolithography process. In an innovation-driven PV industry, Trina Solar is always focused on developing leading-edge PV technologies and products with improved cell efficiency and reduced system cost. Our goal is to insist on technological innovation, and transform as quickly as possible the laboratory technology into commercial production."

About Trina Solar Limited

Trina Solar Limited is a global leader in solar photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. For more information, please visit www.trinasolar.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/trina-solar-announces-new-efficiency-record-of-2413-for-ibc-mono-crystalline-silicon-solar-cell-300452197.html

SOURCE Trina Solar Limited

Read more: Trina Solar Announces New Efficiency Record of...

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