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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...

Indian Tamil Nadu Energy Development Agency (TEDA) invites Expressions of Interest (EOI) from national and international companies or consortium thereof interested in establishment of 500 MW solar park in the state of Tamil Nadu as part of »Development of Solar Parks and Ultra Mega Solar Power Projects« announced by the Ministry of New and Renewable Energy (MNRE).

Read more: India’s Tamil Nadu gets ready for another 500 MW...

RenewSys, India’s first & only integrated manufacturer of Solar PV Modules & its components i.e. Encapsulants, Backsheets and PV Solar Cells, became the first Indian company to launch the production of five Bus Bar (BB) Solar Photovoltaic (PV) Cells.

Read more: RenewSys launches production of India’s first 5...

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

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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

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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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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.

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The 106th Session of International Labour Conference (ILC) was held from 5-16th June 2017. An Indian Tripartite Delegation led by the Minister of State for Labour and Employment (Independent Charge), Shri Bandaru Dattatreya participated in the ILC.

Speaking at the Plenary Session of the International Labour Conference on 14th June 2017, Labour and Employment Minister expressed his happiness over the growing coherence between the Sustainable Development Goals and the agenda of ILO and other UN forums. The Minister said that no development was complete unless it benefitted each and every person in the society. Shri Dattatreya further added that Poverty eradication, employment generation and reducing inequality formed the core of the development strategy of India. On ratification by India of two core ILO conventions on Child Labour, the Minister reiterated India’s commitment for a safe, healthy and happy future for children. Shri Dattatreya further added that the government is committed to provide social security for 450 million workforce in the informal sector. The Labour and Employment Minister informed about the amended Maternity Benefit Amendment Act, 2017 that provides for paid maternity leave of 26 weeks which would encourage women into employment. The Minister delivered his speech in Hindi and ended his speech by reaffirming India’s commitment for promoting the welfare of the workers in and outside the country including promoting their skill development and protecting their rights.

Smt M. Sathiyavathy, Secretary, the Ministry of Labour and Employment, addressed the Plenary Session of the 106th ILC and placed on record India’s appreciation for a comprehensive and topical report of Director General, ILO, Mr Guy Ryder on ‘Work in a changing climate: The Green Initiative’. Smt. Sathiyavathy indicated that the Paris Agreement of 2015 had defined the global climate initiative in the changing context of globalization which recognized national contexts, yet respected the principles of shared responsibility and collective commitments. The fact that 195 countries have signed and 147 have recognized it, is a testimony of its importance. She reiterated India’s commitment to cleaner climate and energy transition. The Secretary mentioned about setting up of the international and inter-governmental organization- ‘International Solar Alliance headquartered at National Institute of Solar Energy (NISE) in India that is dedicated to promotion and for making solar energy a valuable source of affordable, reliable, green and clean energy in 121 member countries. She further added that India has initiated several measures towards achieving sustainable development through green pathway including increasing the forest cover, reducing carbon emissions, river conservation and tackling solid waste and air pollution. She expressed concern over the likely impact of the transition to green jobs in sectors such as agriculture which is the primary sector of many economies and therefore stressed on the need to build responses very carefully keeping in mind not only the limitations of the member states but also ensuring that their strengths are not compromised.

In a historic step towards eradication of Child Labour from the country, India ratified International Labour Organizations Convention No 138 (minimum age for employment) and Convention No 182 (worst forms of child labour) to symbolise its commitment and initiatives for eradication of child labour and attainment of Sustainable Development Goal 8.7 related with curbing of child labour. The ratification of both conventions coincided with the International Day against Child Labour expressing country’s commitment along with global partners to fight the menace of child labour and providing the childhood back to them. Shri Bandaru Dattatreya handed the Instruments of Ratification to Mr. Guy Ryder, DG, ILO at the sideline event held in Geneva at the International Labour Conference, 2017 on 13th June 2017.

With ratification of these two core ILO conventions, India has ratified 6 out of 8 core ILO conventions, with the other 4 core ILO conventions relating to abolition of forced labour, equal remuneration and no discrimination between men and women in employment and occupation, thus reaffirming its commitment for promoting and realizing fundamental principles and right at work. This action is in sync with the Government’s broader intent for social equality and growth for all.

Several multilateral meetings were held on the sidelines of the ILC. At the NAM Ministerial Meeting held on 13th June 2017, Labour and Employment Minister, Shri Bandaru Dattatreya said “In India, we have leveraged the technological advancement. Technology forms the basis of many of our programmes, like Digital India, National Career Service (NCS) portal,

extending social security benefits (DBT). NCS portal is our strengthened public employment services platform effectively using the Information technology. The Portal already hosts more than 38 million job seekers and around 1.5 million job providers.

At the ASPAG Ministerial Meeting held on 13th June 2017, The Minister of Labour and Employment, Shri Bandaru Dattatreya said “India firmly believes that employment generation with assured social protection and greater gender parity are fundamental to create an inclusive society”. The Minister further added that “poverty alleviation strategy must be linked to robust employment generation policies and equally robust wage policies and social protection. Our challenge is to implementing these policies to the informal sector. In a recent massive drive we were successful in opening bank accounts for close to 5 million wage workers across the country in last 6 months. We amended the legislative provisions to enable the payment of wages through banking transactions thereby adding to the transition to formality”.

At the G20 Labour and Employment Ministerial Meeting held on 14th June 2017, Shri Bandaru Dattatreya, expressed his happiness that issues like technology transfers by businesses in the global supply chain and promotion of decent work through capacity building formed the part of the G20 Labour and Employment Ministerial Declaration adopted by G20 Labour and Employment Ministers in Bad Neuenahr, Germany in May 2017. He further urged the G20 countries to explore the possibility of signing bilateral agreements for providing social security cover to our workers and for promoting their skill development.

Indian delegation led by Labour and Employment Minister also participated in bilateral meeting held with Iran and spoke about issues concerning MSMEs, rural employment and vocational training.

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Read more: 106th International Labour Conference, 2017

 

CELEBRATIONS OF UN WORLD DAY TO COMBAT DESERTIFICATION 2017 HELD IN HARYANA

 

   Asserting that desertification can be tackled effectively and solutions are possible, Union Environment Minister, Dr Harsh Vardhan has said that active participation of the local people and cooperation at all levels are the tools to achieve this aim.  The Minister urged the people of Haryana and the nation to become a large force of ‘Paryavaran Rakshaks’ (environment protectors) to fight the challenges posed by desertification, global warming and climate change Addressing the gathering at a function to inaugurate Swarna Jayanti Nature Camp and launching of nature awareness and Aravalli conservation campaign in Bhondsi, near Gurugram in Haryana today, to celebrate the United Nations World Day to Combat Desertification 2017, the Minister highlighted that such days are in reality a reminder of the spirit symbolized by that Day. 

Dr. Harsh Vardhan pointed out that modern science & technology and environment can come together to protect the nature.  He referred to the devising of a solar tree by the scientists on an area of 4 sq. metre, which generates 5 KW of electricity.  In the context, the Minister also highlighted the leading role played by the Prime Minister, Shri Narendra Modi, to form the International Solar Alliance at the Conference of Parties at Paris in 2015 and added that the Government was firmly committed to implement policies on solar energy. 

Dr. Harsh Vardhan urged the people to go back to their homes with the spirit imbibed at the celebrations and work with renewed vigour for afforestation as a means to combat desertification.  He also said that the picturesque Aravalli range is venerable, not just for the people of Haryana, but the entire nation, and that the people should work with resolve and dedication to make Aravallis more beautiful.  The Minister added that the Central government will extend all possible support to any scheme formulated to realize the vision of enhancing the beauty of the Aravalli range. He reiterated that the people should concentrate on taking small steps to protect the environment. He reminded the gathering not to forget the lessons of environment protection imparted to us by our ancestors and in fact, to use the lessons to protect the nature.

                  

                                               Environment Minister Dr Harsh Vardhan addressing the gathering

  Speaking on the occasion, Chief Minister of Haryana, Shri Manohar Lal,said that climate change is having an adverse impact on our lives and is also adding to the desertification of land.  He stressed that afforestation can act as a bulwark to stop the process of desertification of land.  The Chief Minister announced that the forest around Bhondsi area has been renamed as “Chandra Shekhar Smriti Van” in the memory of former Prime Minister Chandrashekhar. 

Secretary, Ministry of Environment, Forest and Climate Change, Shri Ajay Narayan Jha, Director General, Forests and Special Secretary, Ministry of Environment, Forest and Climate Change, Shri Sidhanta Das and other senior officers and officials of Ministry of MoEFCC attended the celebration.  Minister for Public Works, Forests, Agriculture & Civil Aviation, Haryana, Rao Narbir Singh, Minister for Industries & Commerce, Environment & Industrial Training, Haryana, Shri Vipul Goel, Minister of Stare (Independent Charge), Food & Supplies and Forests,  Haryana, Shri Karan Dev Kamboj, MLA, Sohna, Shri Tejpal Tanwar, MLA, Gurugram, Shri Umesh Aggarwal, MLA, Pataudi, Smt. Bimla Chaudhary and Sarpanch, Bhondsi, Smt. Durga Devi and people from Bhondsi and nearby areas were among the distinguished ones in the gathering.

A report prepared by Wildlife Institute of Dehradun titled “Mapping Aravallis” on the state of Aravallis was released to mark the occasion.  A short film on the conservation of ‘Goraiya’ (house sparrow) was also screened.  Dr. Harsh Vardhan and Shri Manohar Lal also rode a part of the distance at the venue, on bicycles to spread the message of environment protection and good health.

                                     

                                                                     Dr Harsh Vardhan pedalling a part of the way on the venue

Earlier, the Environment Minister, Dr Harsh Vardhan and Chief Minister of Haryana, Shri Manohar Lal, witnessed an exhibition on United Nations World Day to Combat Desertification, put up by Haryana government. 

 

­­­­­­­­­­­­­­­­­­­­­­­***

HK

Read more: “DESERTIFICATION CAN BE TACKLED EFFECTIVELY WITH...

The Prime Minister, Shri Narendra Modi, today inaugurated the Kochi Metro, and travelled briefly on the new metro line. He later addressed a large gathering at the function to dedicate Kochi Metro to the nation. Following is the text of the Prime Minister’s address:

I am happy to be part of the inauguration ceremony of Kochi Metro. I congratulate the people of Kochi on this proud moment.

Friends!

Kochi, the queen of the Arabian Sea, is an important spice trading centre. Today it is known as the commercial capital of Kerala. Kochi ranks first in the total number of international and domestic tourist arrivals in Kerala. Hence it is fitting that Kochi should have a Metro rail facility.

The city’s population has been rising steadily, and is expected to reach twenty three lakhs by 2021. Therefore, a mass rapid transport system is essential to address the increasing pressure on urban infrastructure. This will also contribute to Kochi’s economic growth.

Kochi Metro Rail Limited is a fifty - fifty Joint Venture of Government of India and Government of Kerala. The Union Government has so far released over two thousand crore rupees for Kochi Metro. The phase being inaugurated today will operate from Aluva to Palarivattom. It will cover 13.26 kilometres and eleven stations.

This metro project has several significant features.

It is the first metro project to be commissioned with a modern signalling system called the “Communication Based Train Control Signalling system”.

The coaches reflect the “Make in India” vision. They have been built by Alstom of France, at their factory near Chennai, and have an Indian component of around seventy percent.

The Kochi metro integrates the city’s entire public transportation network into a single system. This system will have a common time-table, common ticketing and centralised `command and control’. It also focuses on improving last mile connectivity and non-motorised transportation systems in the inner city.

The Kochi Metro has also pioneered an innovative PPP model for ticketing Indian banks and financial institutions are being invited through a bid process to invest in an Automated Fare Collection system. The selected bank will co-brand the Kochi Metro Fare Card and App with the bank’s name.

I am informed that this Kochi-1 Card is a multi-purpose pre-paid contact-less RuPay card which can be used to travel in the metro and also like a normal debit card. Kochi will be one of the few cities in the world and the first in India to have a modern open-loop Smart Card, which can be used with other modes of transport like buses, taxies and autos as well.

I am also informed that the Kochi-1 Mobile app has been developed with a long term vision. The mobile App has an Electronic-wallet integrated to it, which is linked to the Kochi-1 Card. Initially, it will enable citizens of Kochi to avail of metro services. In future, it will fulfil all their travel related requirements, regular payment needs and provide city and tourist information. Thus, it is a good example of an e-Governance digital platform. Another noteworthy aspect of this project is that nearly one thousand women and twenty-three transgenders are being selected to work in the Kochi Metro Rail System.

The project is also an example of environment friendly development. It plans to meet nearly twenty five percent of the entire energy requirements from renewable sources, particularly solar energy. The long-term plan is to become a zero-carbon emitting urban transit system. Every sixth pillar of the metro system will have a covered vertical garden, which will substantially use urban solid waste.

It is heartening to note that all stations as well as the Operation Control Centre of Kochi Metro have achieved platinum rating which is the highest certification level given by the Indian Green Building Council.

Friends!

Over the last three years, my Government has placed special focus on overall infrastructure development of the nation. Railways, roads, power have been our priority areas. In PRAGATI meetings, I have personally reviewed nearly 175 projects worth more than eight lakh crore rupees. We have resolved bottlenecks and significantly improved the average rate of implementation in these sectors. Now, we are also focusing on next generation infrastructure, which includes logistics, digital and gas.

A number of initiatives have been taken by us to enhance public transport particularly in the cities. Foreign investment has been invited in this sector. Fifty cities in India are ready to implement metro rail projects.

The economic and social benefits of metro rail systems are well-known. We have speeded up policy formulation in this sector. Recently, the Government of India has standardized the specifications for rolling stock and signalling systems of metro rail. This will encourage manufacturers to set-up manufacturing facilities in India with a long-term perspective. In line with the “Make in India” vision, efforts are being made to promote domestic manufacture of metro rolling stock.

Friends!

There is need to bring about a paradigm shift in urban planning, by adopting a people-centric approach, and integrating land-use and transport.

Towards this end, the Government of India issued a National Transit Oriented Development Policy in April 2017. This policy seeks to transform cities, from being transit dependent to being transit oriented. It aims to create compact walkable communities and bring public transport closer to transit.

I compliment the Union Ministry of Urban Development led by Venkaiah ji for having formulated a Value Capture Finance Policy Framework. This provides a mechanism to capture the increased land value.

Let me conclude by congratulating the citizens of Kochi, the Kochi Metro Rail Corporation and the Chief Minister of Kerala for achieving this important milestone. Kochi was selected as a Smart City in Round One of the challenge process in January 2016. I hope it will do even better in the days to come.

Thank You.

***

AKT/SH

Read more: Speech by PM at the dedication of Kochi Metro to...

India’s national pavilion at the International Exhibition Expo 2017 (June10- September 10) in Astana, Kazakhstan is a major attraction for the visitors. India’s participation in this event has been organized by the India Trade Promotion Organization (ITPO), New Delhi.

India Pavilion was inaugurated jointly by Mr. L. C. Goyal, Commissioner of India Pavilion and Chairman Managing Director, ITPO and H.E. Mr. Harsh Kumar Jain, Ambassador of India to Kazakhstan, Mr. Deepak Kumar, Executive Director, ITPO and Mr. A.K. Sinha, OSD, ITPO were also present during the opening ceremony. H.E. Ambassadors from five other countries to Kazakhstan were also present. There is a representative participation from 100 countries and over 10 international organizations in the Expo.

India’s participation in Expo 2017 has become more significant due to recent Astana visit of the Hon’ble Prime Minister of India, Mr. Narendra Modi who had bilateral talks with H.E. the President of Kazakhstan, Mr. Nusultan Nazarbayev during two-day summit of Shanghai Cooperation Organisation (SCO) – a consortium that focuses on security and trade.

H.E. Ambassador of India to Kazakhstan delivered a welcome address and Commissioner of India Pavilion, Mr. L.C. Goyal highlighted salient features of India pavilion.Creating a sync. with theme of the Expo “Future Energy”, India pavilion features a model of Cochin Airport which is a 100 per cent world’s first green airport generating more energy than required. Besides, there is also model ITPO’s ambitious project i.e. Re-development of Pragati Maidan exhibition complex into a world class Integrated Exhibition-Cum-Convention Center (IECC). India Restaurant is also set up for serving taste of Indian cuisine during the three months long EXPO. Apart from a large number of visitors, A delegation led by the honorable Minister of Green Energy, Government of Malaysia also visited the India Pavilion.

Future of the energy leads the visitors to “Energy in Life” corridor. The corridor is designed with Indian historical architecture presents new energy ideas through technology and smart India with experience of smart cities, smart transfer, tourism, yoga, ayurveda and culture. The most interesting parts of the pavilion are the models designed and displayed by the Department of Science and Technology, Ministry of New and Renewable Energy and the energy resources Institute India. The models showcase native technology with strong forms on Science and technology.

*****

MJPS

Read more: India Pavilion at Expo 2017 Astana – A Mega...

The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of May, 2017 declined by 0.4 percent to 112.8 (provisional) from 113.2 (provisional) for the previous month.

 

INFLATION

 

The annual rate of inflation, based on monthly WPI, stood at 2.17% (provisional) for the month of May,2017 (over May,2016) as compared to 3.85% (provisional) for the previous month and -0.90% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was -0.35% compared to a build up rate of 2.51% in the corresponding period of the previous year

 

Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.

The movement of the index for the various commodity groups is summarized below:-

 

PRIMARY ARTICLES (Weight 22.62%)

 

The index for this major group declined by 1.5 percent to 126.5 (provisional) from 128.4 (provisional) for the previous month.  The groups and items which showed variations during the month are as follows:-

 

The index for 'Food Articles' group declined by 1.2 percent to 137.7 (provisional) from 139.4 (provisional) for the previous month due to lower price of fish-inland and egg (10% each), betel leaves (6%), fish-marine, barley, masur and tea (5% each), arhar and condiments & spices (4% each), ragi, wheat and urad (3% each), gram and fruits & vegetables (2% each) and coffee, rajma, moong, maize and jowar (1% each). However, the price of peas/chawali (4%) and beef and buffalo meat and poultry chicken (3% each) moved up.

 

The index for 'Non-Food Articles' group declined by 1.2 percent to 119.8 (provisional) from 121.2 (provisional) for the previous month due to lower price of raw rubber (10%), guar seed (6%), cotton seed (4%), castor seed, raw jute, soyabean and groundnut seed (3% each), raw cotton, mesta, raw silk, copra (coconut) and sunflower (2% each) and fodder and linseed (1% each).  However, the price of floriculture (8%), niger seed (2%) and safflower (kardi seed) (1%) moved up.

 

The index for ‘Minerals’ group rose by 1.9 percent to 114.8 (provisional) from 112.7 (provisional) for the previous month due to higher price of garnet (43%), lead concentrate (11%), copper concentrate (7%), iron ore (4%) and zinc concentrate (1%). However, the price of manganese ore (16%) and chromite (1%) declined.

 

The index for ‘Crude Petroleum & Natural Gas’ group declined by 7.1 percent to 71.1 (provisional) from 76.5 (provisional) for the previous month due to lower price of  crude petroleum (9%) and natural gas (2%).

 

FUEL & POWER (Weight 13.15%)

 

The index for this major group declined by 2.1 percent to 90.8 (provisional) from 92.8 (provisional) for the previous month due to lower prices of LPG(12%), bitumen and electricity (4% each), naphtha (3%), ATF, petrol and HSD (1% each). However, the price of petroleum coke (7%), lignite (6%), and kerosene (3%) moved up.

 

MANUFACTURED PRODUCTS(Weight 64.23%)

 

The index for this major group rose by 0.4 percent to 112.6 (provisional) from 112.1 (provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-

 

The index for ‘Manufacture of Food Products’ group declined by 0.1 percent to 127.2 (provisional) from 127.3 (provisional) for the previous month due to lower price of manufacture of macaroni, noodles, couscous and similar farinaceous products (6%), honey and copra oil (5% each), rice bran oil (4%), spices (including mixed spices), cotton seed oil, buffalo meat (fresh/frozen), wheat flour (atta) and maida (3% each), sooji (rawa), rapeseed oil, processed tea, groundnut oil, vanaspati and sunflower oil (2% each) and soyabean oil, wheat bran, salt, mustard oil and palm oil (1% each). However, the price of other meats, preserved/processed and manufacture of cocoa, chocolate and sugar confectionery (3% each), coffee powder with chicory, instant coffee, ghee, condensed milk and powder milk (2% each) and gur, processing and preserving of fish, crustaceans and molluscs and products thereof, castor oil, rice, non-basmati, rice products, butter, processing and preserving of fruit and vegetables, chicken/duck, dressed-fresh/frozen, manufacture of starches and starch products  and sugar (1% each) moved up.

 

The index for ‘Manufacture of Beverages’ group rose by 0.3 percent to 117.5 (provisional) from 117.2 (provisional) for the previous month due to higher price of beer and wine (1% each).

 

The index for ‘Manufacture of Tobacco Products’ group declined by 1.9 percent to 142.9 (provisional) from 145.7 (provisional) for the previous month due to lower price of cigarette (5%) and other tobacco products (2%). However, the price of biri (2%) moved up.

 

The index for 'Manufacture of Textiles' group rose by 0.3 percent to 113.6 (provisional) from 113.3 (provisional) for the previous month due to higher price of cotton yarn (2%) and manufacture of other textiles, texturised and twisted yarn and manufacture of made-up textile articles, except apparel (1% each). However, the price of synthetic yarn (2%) and manufacture of knitted and crocheted fabrics and manufacture of cordage, rope, twine and netting (1% each) declined.

 

The index for ‘Manufacture of Wearing Apparel’ group declined by 0.4 percent to 133.5 (provisional) from 134.1 (provisional) for the previous month due to lower price of leather garments incl. Jackets (2%) and shirts/half shirts of cotton and/or man-made fibre and babies garments, knitted (1% each).  However, the price of Men/Boys suits, coats and jackets (2%) and trouser/pants made of cotton and/or man-made fibre (1%) moved up.

 

The index for ‘Manufacture of Leather and Related Products’ group declined by 0.6 percent to 119.5 (provisional) from 120.2 (provisional) for the previous month due to lower price of chrome tanned leather (5%), belt & other articles of leather (4%) and harness, saddles & other related items (1%). However, the price of gloves of leather (7%), canvas shoes (3%) and leather shoe, plastic/pvc chappals, travel goods, handbags, office bags, etc. and waterproof footwear (1% each) moved up.

 

The index for ‘Manufacture of Wood and Products of Wood and Cork’ group declined by 0.5 percent to 130.6 (provisional) from 131.3 (provisional) for the previous month due to lower price of lamination wooden sheets/veneer sheets, timber/wooden plank, sawn/resawn  and particle boards (1% each).  However, the price of wooden block - compressed or not (2%) and wood cutting, processed/sized (1%) moved up.

 

The index for ‘Manufacture of Paper and Paper Products’ group rose by 0.7 percent to 116.4 (provisional) from 115.6 (provisional) for the previous month due to higher price of paper bag including craft paper bag (22%), laminated plastic sheet (6%), card board box (4%), poster paper (3%), kraft paper and duplex paper (2% each) and paper carton/box, hard board, base paper, map litho paper, pulp board and corrugated sheet box (1% each). However, the price of card board (3%) and press board and paper for printing & writing (1% each) declined

 

The index for ‘Printing and Reproduction of Recorded Media’ group declined by 0.7 percent to 141.7 (provisional) from 142.7 (provisional) for the previous month due to lower price of journal/periodical (3%) and sticker plastic (2%). However, the price of printed labels/posters/calendars (1%) moved up.

 

The index for ‘Manufacture of Chemicals and Chemical Products’ rose by 0.3 percent to 111.7 (provisional) from 111.4 (provisional) for the previous month due to higher price of camphor (9%), mosquito coil (6%), dye stuff/dyes incl. dye intermediates and pigments/colours and hydrogen peroxide (5% each), menthol (4%), carbon black (3%), detergent cake, washing soap cake/bar/powder, varnish (all types), caustic soda (sodium hydroxide), organic surface active agent, acrylic fibre and ammonium sulphate (2% each) and  liquid air & other gaseous products, acetic acid and its derivatives, ammonia liquid, insecticide and pesticide, agro chemical formulation, nitrogenous fertilizer, others, powder coating material, foundry chemical, additive, mixed fertilizer, superphospate / phosphatic fertilizer, others, alkyl benzene, ammonium nitrate and epoxy, liquid (1% each). However, the price of ammonia gas (9%), amine (7%), polyester chips or polyethylene terepthalate (pet) chips (5%), plasticizer, nitric acid, mono ethyl glycol, perfume/scent and oleoresin (3% each), gelatine and sodium silicate (2% each) and phosphoric acid, phthalic anhydride, organic chemicals, organic solvent, catalysts, xlpe compound, polystyrene, expandable, tooth paste/tooth powder, polyester film(metalized), printing ink, viscose staple fibre, aromatic chemicals and sulphuric acid (1% each) declined.

 

The index for ‘Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products’ group declined by 0.2 percent to 120.8 (provisional) from 121.0 (provisional) for the previous month due to lower price of antidiabetic drug excluding insulin (i.e. tolbutam) (8%), antibiotics & preparations thereof (2%) and api & formulations of vitamins (1%). However, the price of simvastatin (16%), sulpha drugs (9%), anti allergic drugs and plastic capsules (3% each), antipyretic, analgesic, anti-inflammatory formulations (2%) and anti-malarial drugs, cotton wool (medicinal) and ayurvedic medicaments (1% each) moved up.

 

The index for ‘Manufacture of Rubber and Plastics Products’ group declined by 0.1 percent to 108.6 (provisional) from 108.7 (provisional) for the previous month due to lower price of condoms (6%), rubberized dipped fabric (5%), polyester film (non-metalized) (4%), pvc fittings & other accessories (3%), processed rubber, plastic tube (flexible/non-flexible), plastic components, rubber crumb, polypropylene film and plastic tank (2% each) and plastic bag, acrylic/plastic sheet and plastic bottle (1% each). However, the price of rubber components & parts, conveyer belt (fibre based) and polythene film (3% each), rubber tread, rubber cloth/sheet, medium & heavy commercial vehicle tyre and thermocol (2% each) and cycle/cycle rickshaw tyre, v belt, motor car tube, tractor tyre, plastic box/container, plastic furniture and 2/3 wheeler tyre (1% each) moved up.

 

The index for ‘Manufacture of other Non-Metallic Mineral Products’ group rose by 1.9 percent to 111.4 (provisional) from 109.3 (provisional) for the previous month due to higher price of cement superfine (10%), ordinary portland cement (4%), ceramic tiles (vitrified tiles) and slag cement (3% each), pozzolana cement, non ceramic tiles, clinker and ordinary sheet glass (2% each) and railway sleeper, cement blocks (concrete), glass bottle, asbestos corrugated sheet, marble slab, stone, chip and lime and calcium carbonate (1% each).  However, the price of fibre glass incl. sheet (3%) and graphite rod, opthalmic lens and porcelain sanitary ware (1% each) declined.

 

The index for ‘Manufacture of Basic Metals’ group rose by 2.0 percent to 96.8 (provisional) from 94.9 (provisional) for the previous month due to higher price of angles, channels, sections, steel (coated/not) (10%), pig iron, sponge iron/direct reduced iron (dri) and gp/gc sheet (8% each), ms pencil ingots and hot rolled (hr) coils & sheets, including narrow strip (7% each), ms wire rods (5%), alloy steel wire rods, galvanized iron pipes, aluminium castings, cold rolled (cr) coils & sheets, including narrow strip, mild steel (ms) blooms and silicomanganese (3% each), stainless steel coils, strips & sheets and ferrosilicon (2% each) and lead ingots, bars, blocks, plates, stainless steel bars & rods, including flats, other ferro alloys, alumnium foil, aluminium shapes - bars/rods/flats, aluminium ingot, cast iron, castings, ms bright bars, aluminium powder and aluminium metal (1% each).  However, the price of ms castings (4%), alloy steel castings and stainless steel tubes (3% each), copper shapes - bars/rods/plates/strips (2%) and ferrochrome and zinc metal/zinc blocks (1% each) declined.

 

The index for ‘Manufacture of Fabricated Metal Products, Except Machinery and Equipment’ group rose by 1.1 percent to 108.1 (provisional) from 106.9 (provisional) for the previous month due to higher price of copper bolts, screws, nuts (29%), electrical stamping- laminated or otherwise (7%), iron/steel hinges and steel structures (4% each), boilers (3%), bolts, screws, nuts & nails of iron & steel, stainless steel razor and metal cutting tools & accessories (2% each) and steel drums and barrels, pressure cooker, steel door, steel pipes, tubes & poles and aluminium utensils (1% each).  However, the price of jigs & fixture (8%), hand tools and bracket (3% each), lock/padlock (2%) and forged steel rings (1%) declined.

 

The index for ‘Manufacture of Computer, Electronic and Optical Products’ group rose by 0.6 percent to 109.1 (provisional) from 108.5 (provisional) for the previous month due to higher price of colour TV and electro-diagnostic apparatus, used in medical, surgical, dental or veterinary sciences (3% each), sunglasses (2%) and air conditioner and ups in solid state drives (1% each). However, the price of electronic printed circuit board (pcb)/micro circuit (1%) declined.

 

The index for ‘Manufacture of Electrical Equipment’ group declined by 0.2 percent to 108.3 (provisional) from 108.5 (provisional) for the previous month due to lower price of solenoid valve and electric switch (5% each), microwave oven and light fitting accessories (3% each), electrical resistors (except heating resistors) and washing machines/laundry machines  (2% each) and copper wire, transformer, domestic gas stove, electric switch gear control/starter, electrical relay/conductor and fan (1% each). However, the price of electric heaters (10%), connector/plug/socket/holder-electric (5%), acsr conductors (3%), aluminium wire (2%) and dry cells such as torch light batteries, aluminium/alloy conductor, electric wires & cables, insulator, rubber insulated cables, pvc insulated cable, insulating & flexible wire and refrigerators (1% each) moved up.

 

The index for ‘Manufacture of Machinery and Equipment’ group declined by 0.1 percent to 108.3 (provisional) from 108.4 (provisional) for the previous month due to lower price of excavator (5%), roller mill (raymond) (4%), pharmaceutical machinery (3%), grinding or polishing machine, drilling machine, conveyors - non-roller type, solar power system (solar panel & attachable equipment), injection pump and hydraulic equipment (2% each) and  gasket kit, agriculture implements, industrial valve, air filters, chemical equipment & system, pressure vessel and tank for fermentation & other food processing and mining, quarrying & metallurgical machinery/parts (1% each). However, the price of air or vacuum pump (9%), rice mill machinery (4%), moulding machine and mixing machine (3% each), harvesters and open end spinning machinery (2% each) and air gas compressor including compressor for refrigerator, deep freezers, machinery for plastic products - extruded, filtration equipment and centrifugal pumps (1% each) moved up.

 

The index for ‘Manufacture of Motor Vehicles, Trailers and Semi-Trailers’ group rose by 0.6 percent to 111.3 (provisional) from 110.6 (provisional) for the previous month due to higher price of chassis of different vehicle types (2%) and minibus/bus, engine, brake pad/brake liner/brake block/brake rubber, others, shafts of all kinds, axles of motor vehicles and head lamp (1% each). However, the price of crankshaft (2%) and cylinder liners and filter element (1% each) declined

 

The index for ‘Manufacture of Other Transport Equipment’ group rose by 0.8 percent to 109 (provisional) from 108.1 (provisional) for the previous month due to higher price of motor cycles (1%). However, the price of wagons (2%) and diesel/electric locomotive (1%) declined.

 

The index for ‘Manufacture of Furniture’ group declined by 2.6 percent to 114.2 (provisional) from 117.3 (provisional) for the previous month due to lower price of foam and rubber mattress (10%) and wooden furniture and plastic fixtures (2% each). However, the price of steel shutter gate (2%) and hospital furniture (1%) moved up.

 

WPI FOOD INDEX (Weight 24.38%)

 

The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group decreased from 2.90% in April, 2017 to 0.15% in May, 2017.

 

FINAL INDEX FOR THE MONTH OF MARCH, 2017 (BASE YEAR: 2004-05=100)

 

For the month of March, 2017, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 185.8 as compared to 185.3 (provisional) and annual rate of inflation based on final index stood at 5.99 percent as compared to 5.70 percent (provisional) respectively as reported on 14.04.2017.

 

Next date of press release: 14/07/2017 for the month of June, 2017

Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi,

This press release is available at our home page http://eaindustry.nic.in

 

 


Annexure-I

Wholesale Price Index and Rates of Inflation (Base Year: 2011-12=100)

 

 

 

 

 

Month of May, 2017

Commodities/Major Groups/Groups/Sub-Groups

Weight

WPI May- 2017

Latest month over month

Build up from March

Year on year

2016-17

2017-18

2016-17

2017-18

2016-17

2017-18

ALL COMMODITIES

100.00

112.8

1.28

-0.35

2.51

-0.35

-0.90

2.17

PRIMARY ARTICLES

22.62

126.5

2.14

-1.48

4.72

-0.47

4.38

-1.79

Food Articles

15.26

137.7

2.25

-1.22

5.62

0.07

6.82

-2.27

Cereals

2.82

143.2

1.70

-0.90

1.93

-1.38

6.67

4.15

Paddy

1.43

147.9

2.05

0.20

2.88

0.14

3.65

6.33

Wheat

1.03

137.5

1.20

-2.48

0.30

-3.78

8.38

2.23

Pulses

0.64

151.8

4.82

-2.57

13.23

-1.43

31.23

-19.73

Vegetables

1.87

123.3

12.24

-0.80

27.14

4.14

13.93

-18.51

Potato

0.28

108.0

15.74

9.09

45.72

18.55

83.98

-44.36

Onion

0.16

102.3

-4.94

-5.37

-11.86

-7.50

-34.74

-12.86

Fruits

1.60

135.7

-1.44

-2.23

4.03

-2.58

4.27

-0.73

Milk

4.44

138.0

0.15

0.44

0.30

1.10

1.46

4.47

Eggs, Meat & Fish

2.40

136.4

1.10

-3.33

2.00

1.64

2.99

-1.02

Non-Food Articles

4.12

119.8

-0.41

-1.16

2.98

-1.72

4.04

-0.91

Fibres

0.84

119.5

3.09

-1.89

6.26

-4.32

7.44

11.79

Oil Seeds

1.12

127.4

-0.07

-1.92

8.16

-1.01

0.42

-10.22

Minerals

0.83

114.8

6.14

1.86

-4.24

0.00

8.00

3.70

FUEL & POWER

13.15

90.8

3.83

-2.16

6.27

-2.99

-14.87

11.69

LPG

0.64

81.3

2.84

-11.92

-1.43

-13.14

-14.64

18.17

Petrol

1.60

78.1

4.94

-1.01

14.81

-5.10

-27.34

18.51

HSD

3.10

81.6

12.52

-0.61

21.13

-3.89

-27.48

22.71

MANUFACTURED PRODUCTS

64.23

112.6

0.55

0.45

0.92

0.27

-0.63

2.55

Manufacture of Food Products

9.12

127.2

1.17

-0.08

3.67

-0.08

7.34

4.78

Manufacture of Vegetable And Animal Oils and Fats

2.64

106.7

1.36

-1.30

4.71

-1.57

5.24

2.11

Sugar

1.06

131.0

0.96

0.61

8.20

0.23

23.12

12.83

Manufacture of Tobacco Products

0.51

142.9

-1.61

-1.92

2.71

0.49

6.53

1.78

Manufacture of Textiles

4.88

113.6

0.46

0.26

1.20

0.62

0.27

3.27

Manufacture of Wearing Apparel

0.81

133.5

1.81

-0.45

1.97

0.30

-0.92

3.25

Manufacture of Leather and Related Products

0.54

119.5

1.05

-0.58

1.30

-0.75

4.69

-4.40

Manufacture of Wood And of Products of Wood and Cork

0.77

130.6

-0.23

-0.53

-0.54

0.46

-1.22

0.85

Manufacture of Paper and Paper Products

1.11

116.4

0.36

0.69

-0.09

0.61

0.27

3.28

Manufacture of Chemicals and Chemical Products

6.47

111.7

0.18

0.27

0.72

0.00

-2.53

0.00

Manufacture of Rubber and Plastics Products

2.30

108.6

-0.74

-0.09

0.57

-0.18

-4.22

1.88

Manufacture of other Non-Metallic Mineral Products

3.20

111.4

0.92

1.92

0.36

1.92

0.64

1.09

Manufacture of Cement, Lime and Plaster

1.64

113.1

1.10

3.29

1.19

3.48

1.57

2.72

Manufacture of Basic Metals

9.65

96.8

0.33

2.00

1.12

1.26

-8.24

7.32

Mild Steel - Semi Finished Steel

1.27

91.3

-0.33

1.44

-1.09

1.11

-7.34

0.44

Manufacture of Fabricated Metal Products, Except Machinery and Equipment

3.15

108.1

0.48

1.12

-0.86

-0.37

-2.43

3.74

Manufacture of other Transport Equipment

1.65

Read more: Index Numbers of Wholesale Price in India (Base:...

ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--NTE Carolinas Solar, LLC (“NTE”), an affiliate of NTE Energy, was granted its Certificate of Public Convenience and Necessity (“CPCN”) from the North Carolina Utilities Commission on June 5, 2017 for its Fayetteville Solar Energy Center, located near Fayetteville, in Cumberland County, North Carolina. The issuance of the CPCN, a requirement for beginning construction, is a crucial step for the 30 MW project.

The Fayetteville Solar Energy Center will be an efficient, clean source of renewable energy and capacity for communities and utilities in the Carolinas and across the Southeast. The facility will consist of approximately 124,000 solar photovoltaic modules, generating electricity directly from sunlight, producing enough renewable power to supply approximately 6,000 homes.

“NTE Energy is proud to enter the renewable market with the Fayetteville Solar Energy Center, which will provide a clean source of energy to the Carolinas,” said Seth Shortlidge, President and CEO of NTE Energy.

The project is expected to commence construction in 2018 and is expected to reach full commercial operation in 2020.

About NTE Energy

NTE Energy focuses on the development and acquisition of strategically located electric generation and transmission facilities within North America. The team executes all aspects of project development, construction and asset management. For more information, please visit www.nteenergy.com

Read more: NTE Energy Secures Certificate of Public...

FREMONT, Calif.--(BUSINESS WIRE)--PetersenDean Roofing & Solar, a privately-held roofing and solar company, has announced the expansion of its solar division in Nevada in response to the newly reinstated energy policy signed into effect last week by Nevada Governor Brian Sandoval. With this expansion PetersenDean expects to hire at least 50 new employees and pursue 1,200 new projects annually, valued at over $30 million.

The new Assembly Bill 405 returns net metering to Nevada residents making residential solar viable within the state once again. After the policy changes in 2015 virtually ended net metering programs, these recent changes allow homeowners to purchase solar and return to the existing rate classes of all other consumers. Once again, they will be protected from discriminatory rates, charges, and fees. Provisions of the bill also establish stronger warranties and disclosure policies that are designed to protect consumers.

While other solar companies have recently announced their return to Nevada, the PetersenDean team has experience in the Nevada new construction market dating back to 1965. The firm is the second largest roofer in the state and retains about 35 percent of all new construction market share.

The new policy, which goes into effect immediately, means that customers with solar will get approximately 95 percent of the retail value of excess solar-produced electricity sent to the grid when it’s sold back to utilities. This will bottom out at 75 percent. Additionally, the amended legislation allows homeowners to “shave” electricity from the most expensive tiers off their bills first.

“This new policy is a testament to the support of renewable energy and rooftop solar in Nevada and will maintain the future stability of electric supply. PetersenDean has embraced the Nevada market for many years and will continue to provide its customers with solar and incentives while enhancing the state’s economic development with dozens of skilled and high-paying new jobs,” said Jim Petersen, President and CEO of PetersenDean Roofing & Solar.

This expansion helps meet two important goals for PetersenDean, which installs about 2,000 solar and roof systems each month nationally: Providing PetersenDean customers with intelligently managed energy storage, and using products assembled in the U.S.

“We made a decision years ago to offer consumers the best products at the best price and to never offer a PPA or lease option when consumers are considering solar panels for their source of low-cost, clean and reliable energy. I am delighted to see Nevada do the right thing when it comes to solar energy,” said Petersen.

PetersenDean is the nation's largest privately held solar and roofing company and known for its advanced solar system technology and its American-made solar and roofing products. Solar4America is PetersenDean's initiative to support American jobs, manufacturing and energy independence by sourcing solar panels and all system components from domestic producers. PetersenDean solar system includes Buy-American-Act-compliant panels, inverters and racking installed by the construction company's U.S. workforce.

About PetersenDean Roofing & Solar: Founded in 1984 by Jim Petersen, PetersenDean is the largest, full-service, privately-held roofing and solar company in the United States. Specializing in new residential and commercial construction, PetersenDean works with some of the nation’s largest builders and developers. With more than a million roofs under its belt, the Fremont, CA-based company employs 3,000 workers and operates in seven states: Arizona, California, Colorado, Florida, Nevada, Oklahoma and Texas. Please visit http://www.petersendean.com/ for more details.

Read more: PetersenDean Roofing & Solar Expands Solar...

NEWARK, N.J., June 22, 2017 /PRNewswire/ -- Panasonic Corporation today announced that it has achieved the world's leading output temperature coefficient1 for mass-produced silicon photovoltaic modules, at -0.258%/°C2. This record-breaking innovation sets a new standard for the solar industry, improving on the previous temperature coefficient by 0.032 points at the mass production level, highlighting the positive temperature characteristics of heterojunction solar cells and further improving Panasonic's unique heterojunction technology3.

Output temperature coefficient is a vital metric in evaluating solar modules as a measurement of how quickly their conversion efficiency degrades as the temperature rises, thereby reducing the output. The standard silicon solar cell's output temperature coefficient is -0.50%4, which denotes a decline of 0.50% in the conversion efficiency as the module temperature rises by 1°C. For instance, at the module temperature anticipated in the summer months (75°C), the conversion efficiency will decrease by 25% in comparison to the environment at 25°C. Panasonic HIT® modules, which boast an improved output temperature coefficient, will nearly halve the decline in the conversion efficiency, significantly increasing performance in high temperature settings.

"This latest innovation, combined with our efforts in conversion efficiency, are living examples of Panasonic's relentless drive to provide customers with the very best in residential solar technology," said Mukesh Sethi, Group Manager, Solar Division, Panasonic Eco-Solutions North America. "The Panasonic HIT® is proven to offer the very best value to consumers in the residential solar market, and this latest development will be a massive help in locations where extreme heat is a factor for consumers."

The combination of the high conversion efficiency with the new temperature characteristics, will increase the conversion efficiency at 75°C by 46%5 in comparison to standard silicon products. When most solar panels are struggling with the increased temperatures during the summer months, Panasonic HIT® modules reliably generate power and limit efficiency losses in the heat. Not only that, Panasonic modules come with a 25 year warranty vs the industry standard of 10 year warranty, and guarantees output of 90.76% at the end of the 25th year, which in itself is industry's best performance guarantee coming from a 100-year-old world leading electronics company.

Panasonic will continue to work on technology development and mass commercialization with the aim of achieving higher power generation, and improvements in efficiency and reliability. HIT® is a registered trademark of the Panasonic Group.

Notes:

  1. According to research by Panasonic as of May 18, 2017, for non-concentrating silicon photovoltaic modules
  2. Mean value obtained by a third-party measurement institution based on measured values (in compliance with IEC 61853-1)
  3. Technology for junction formation required for solar cells that covers the crystalline silicon base surface with an amorphous silicon layer. This technology has the key feature of superior passivation to compensate for the many flaws around the silicon base surface area.
  4. Cited from "Reference value: (1) Crystalline silicon solar cells" defined in the Japan Photovoltaic Energy Association's Indication Guidelines (FY2017)
  5. Calculated based on a conversion efficiency of 15.6% (output temperature coefficient of -0.50%/°C) for general silicon solar cells and a conversion efficiency of 19.6% (output temperature coefficient of -0.258/°C) for HIT®

About Panasonic Eco Solutions North America
Based in Newark, NJ, Panasonic Eco Solutions North America is a division of Panasonic Corporation of North America, the principal North American subsidiary of Panasonic Corporation. The company provides a full range of energy-efficient building solutions, assembly tools, construction tools, heating & air conditioning, lighting controls and ventilation products for professional and industrial use. Panasonic was featured in Fortune Magazine's 2016 ranking of 50 companies that are changing the world and doing well by doing good. Specifically cited were its smart and sustainable technologies, including its contributions to smart cities and the electric vehicle revolution. Learn more about Panasonic's ideas and innovations: https://panasonicmovesus.com/blog

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/panasonic-hit-solar-module-achieves-worlds-leading-output-temperature-coefficient1-at--0258c-300478208.html

SOURCE Panasonic Corporation of North America

Related Links

http://www.panasonic.com

Read more: Panasonic HIT® Solar Module Achieves World's...

New SMA Energy Management Platform ennexOS Successfully Tested at the EEBUS Initiative E-Mobility Plugfest

06/22/17

Category: News  

To coordinate the environmentally friendly and cost-saving aspects of energy consumption with each other, all electrical devices in modern energy networks must speak the same language. The foundation for this is formed by the pan-manufacturer EEBUS initiative. This has been set up by leading European manufacturers from the fields of smart home, domestic technology, e-mobility and energy to develop a common energy language, using the EEBUS standard. The new energy management platform ennexOS from SMA Solar Technology AG (SMA) has already mastered the EEBUS standard. This platform will combine all of a system’s energy generators, consumers and storage systems and allow them to be controlled optimally. Proof that this also has application in the e-mobility sector was provided by the new platform ennexOS at the first e-mobility Plugfest of the EEBUS initiative in Cologne.

Representatives from SMA; the VDE Association for Electrical Electronic and Information Technologies; the VDA Automobile Industry Association; the manufacturer for heating and cooling systems Viessmann; and the provider of electrical and smart-home solutions Hager, met at the first e-mobility Plugfest for live tests of the uniform device communication. “The uniform EEBUS standard makes a decisive contribution to using energy efficiently and thus saving costs,” said Frank Blessing, Senior Business Development Manager Energy Services at SMA and, since May, a new member on the Managing Board of the EEBUS initiative. “This was proven in tests conducted at the e-mobility Plugfest and at HVAC Plugfest in May in Munich, where the entire communication between heating, smart home systems and energy managers was put to the acid test in the presence of representatives from the heating industry, such as Vaillant. With the Sunny Home Manager 2.0 and the SMA Data Manager M, SMA proves that solutions for connecting the electricity, heat and transport sectors are already on the market. The standardized integration of electric vehicles into energy management is a major success in the promotion and acceptance of e-mobility and a decisive step towards an all-electric society.”

Successful tests to ensure grid stability and optimize self-consumption
Promoting electric vehicles and the necessary integration into existing grid infrastructures has led to major challenges in terms of safeguarding grid stability. Today’s grid and domestic grid structures are not, for example, designed to simultaneously charge a large number of electric vehicles without intelligent coordination. It is precisely this intelligent coordination that SMA energy management takes over. It also offers the end customer true added value. Locally generated solar power is used as efficiently as possible, taking the electric vehicle and other loads into consideration, without sacrificing convenience for the end customer.

About EEBUS
EEBUS Initiative e.V. is an independent association with over 60 members—mainly leading European manufacturers from the fields of smart home, networked domestic technology, e-mobility and energy. Together with its members, this association develops the open EEBUS standard—the global language of energy in the internet of things. Thanks to this standard, devices and systems can communicate with each other about the efficient use of energy, regardless of their manufacturer. All specifications that are developed are standardized internationally and are freely accessible.


About SMA
The SMA Group with sales of around €1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management solutions, comprehensive services and operational management of PV power plants round off SMA’s range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 20 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA’s multi-award-winning technology is protected by more than 900 patents and utility models. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the only company in the solar industry that is listed in the TecDAX index.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
This email address is being protected from spambots. You need JavaScript enabled to view it.

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
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Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

Read more: New SMA Energy Management Platform ennexOS...

Amidst increasing energy costs in Nevada, Sunworks partners with organic hay farm to lower and stabilize rates

ROSEVILLE, CA--(Marketwired - June 22, 2017) - Sunworks, Inc. (NASDAQ: SUNW), a leading provider of solar power solutions for agriculture, commercial, industrial (ACI), and residential markets, announced today a new project for a 760 kilowatt (KW) solar system that will be constructed at Empire Farms in Garlach, Nevada. The installation will result in an energy savings in excess of $2.5 million over the next 25-years. Empire Farms is a prominent grower of organic hay and relies heavily on sustainable cultivation methods.

Since 2015, a series of policy changes and net metering reductions led to economic uncertainty for both consumers and solar installers throughout Nevada. While many companies ceased doing business in the state, Sunworks stayed and continued its expansion efforts and working at a grassroots level to affect changes in local solar regulations. This year, The Nevada state legislature passed a number of new laws re-establishing the momentum that had made Nevada a key provider of solar power in the United States. The new policy changes include a "Solar Bill of Rights", expansion of the renewable portfolio standards for solar job growth, and a revised net metering rate structure that restores electricity production credits to 95% of the original rate.

The 706 kilowatt (KW) project will be spread across four Empire Farms sites and offset the energy cost at each of the farm's irrigation pumps. The organic hay farm anticipates savings of more than $83,000 during its first year of operation.

Sunworks Chief Executive Officer, Chuck Cargile, said, "We're excited to partner with Empire Farms to develop a sustainable energy plan that optimizes their energy savings. Our relationship with Empire Farms is just one example of our support for Nevada customers on all fronts, residential, agriculture and commercial, to establish a financially stable, long term energy outlook that benefits the state's economy as a whole."

About Sunworks

Founded in 1983, Sunworks, Inc. is a premier provider of solar power solutions. We're committed to quality business practices that exceed industry standards and uphold our ideals of ethics and safety.

Today, Sunworks continues to grow its presence, expanding nationally with regional and local offices. We strive to consistently deliver high quality, performance oriented solutions for customers in a wide range of industries including agriculture, commercial and industrial, federal, public works, utility, and residential. Our dedication to excellence is reflected in our 25-year warranty, a benchmark that we standby to support our customers above and beyond their expectations.

Sunworks' diverse, seasoned workforce includes distinguished veterans who are devoted to providing the very best customer experience. All of our employees uphold our company's guiding principles each day. Sunworks is a member of the Solar Energy Industries Association (SEIA) and is a proud advocate for the advancement of solar power.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

Read more: Sunworks to Complete 760 KW Solar Construction...

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 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.

Related Links

http://www.jinkosolar.com

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

In London, ENGIE has been awarded a major 5-year contract with TfL (Transport for London) to deliver a range of maintenance services across over 500 locations.

The contract will see ENGIE provide planned and reactive maintenance for mechanical and electrical systems, fire detection and suppression systems across the London Underground network. Maintenance of fire safety systems will also be provided for TfL’s other offices and facilities.

Service delivery by around 330 ENGIE employees will be supported by a 24/7 helpdesk, computer aided facilities management (CAFM) software and hand-held technology for operatives. The contract will also provide TfL with access to ENGIE’s energy management capabilities. The ability to self deliver the required services will be a key element in ENGIE delivering a successful contract. In helping TfL to improve performance and efficiency of London’s transport systems, ENGIE is helping to ease the use of public transport in a major city - a greener solution for mobility.

Across the world, the Group is offering today an ecosystem of solutions adapted to the customers’ needs to make mobility more fluid, cleaner and smarter. Public transport is a proven and time-honored part of mobility solutions and ENGIE has already outfitted 12,000 kilometers of railroads and 1,800 light tramways with electrification, signal and telecom systems. 35,000 buses are equipped with ENGIE solutions, and the Group recently announced the acquisition of Icomera, the world’s leading Wi-Fi provider for public transport which operates in more than forty countries.

In the UK, ENGIE has been operating for the past 30 years and employs 20,000 people. ENGIE provides a range of outsourced services to the public and private sectors over 14,000 UK sites. The Group is also one of the top suppliers of electricity and gas to UK businesses and one of the largest independent power producers in the country. ENGIE has recently launched its home energy business, becoming the largest company to enter the UK domestic energy market for over 15 years.

About ENGIE

ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE employs 153,090 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, CAC 40 Governance, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, DJSI World, DJSI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).

Read more: ENGIE wins major contract with Transport for...

BAODING, China, June 22, 2017 /PRNewswire/ -- PV bifacial technology rises gradually in recent years, and it quickly becomes the highest technology of mass production in the PV industry. Along with the bifacial power generation market gradually enlarging, industry constraints are also being emphasized. International test standards in the PV industry are basically about traditional mono-facial power generation PV devices, which are not applicable to evaluate the performance and unable to test the electrical parameters accurately of bifacial PV devices. The fact that there is no international standard for bifacial power generation leads to two disadvantages. Firstly, the nominal module output impact directly on the interests of both buyers and sellers, so they have lots of disagreements on how to indicate that figure. Secondly, ultimate nominal output of bifacial module will impact directly on the design of PV power plant.

Dr. Chirstos, who comes from TUV Rheinland which is an internationally recognized third-party certification body, leads the way of organizing the writing of the bifacial module test method earlier this year. The discussion group was formally established, and the official publishing of this test method will hopefully solve the complicated problem.

Yingli Solar, the leader in N-type bifacial technology, participated actively in the draft discussions and verification tests, and finally became one of the first companies who have finished the test draft. Recently, Yingli N-type PANDA BIFACIAL module became the first officially defined product for the TUV Rheinland bifacial module test method draft, and got the final test report.

Yingli Solar has a powerful voice in the field of bifacial power generation technology with 8 years' experience. In 2016, Yingli Solar, cooperated with China General Certification (CGC) center, prepared jointly the standard of PV Industry Association "Electrical Performance Testing Method for Bifacial Module". At the end of 2016, Yingli Solar received the bifacial module certification from CGC, and became the first and currently the only company which get this certification.

Yingli Solar has been engaged in research on N-type bifacial technology for years. From 2016, the N-type bifacial module named PANDA BIFACIAL SERIES has been launched and became the principal product of the company. Mr. Vincent Yu, Vice president of Yingli Green Energy Holding Co., Ltd., said that Yingli's PANDA BIFACIAL modules is far beyond IEC standards for PID, high humidity and salt-mist test. The quality of PANDA BIFACIAL modules is completely guaranteed.

Meanwhile, Yingli's PANDA BIFACIAL modules could generate more energy. On May 23rd, 2017, Yingli's 50MW N-type bifacial power plant, one of "Top Runner Projects" which has been officially approved by the State, had been successfully inspected. According to the actual generating data, the cumulative output is 60.88 million kWh in 10 months after connected to the grid. For each month, the energy yield of PANDA BIFACIAL power plant is 10.4 - 15.6% higher than the regular multi-crystal power plant. From the beginning of 2017, Yingli Solar has established official power plant database, energy yields of PANDA BIFACIAL modules in distributed PV systems are about 20% more every month, and the highest yield gain is greater than 30%. So PANDA BIFACIAL modules could be called as the national treasure in the PV industry.

The draft of international test standard for bifacial power generation is expected, and it will be sure that PANDA BIFACIAL modules have not just been on the domestic stage. In future, Yingli will carry out wider and deeper cooperation with TUV Rheinland, which makes Yingli "PANDA BIFACIAL" create infinity possible.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/yingli-solar-participates-actively-in-the-international-test-standard-for-bifacial-power-generation-300478188.html

SOURCE Yingli Green Energy Holding Company Limited

Related Links

http://www.yinglisolar.com

Read more: Yingli Solar Participates Actively in the...

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...

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./

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...

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: 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...

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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.

JA Solar Holdings Co., Ltd. Logo

LOGO URL | Copy the link below

Formats available:

Read more: JA Solar to Hold Annual General Meeting of...

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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.

JA Solar Holdings Co., Ltd. Logo

LOGO URL | Copy the link below

Formats available:

Read more: JA Solar to Hold Annual General Meeting of...

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ET | Source: RGS Energy

DENVER, May 24, 2017 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ:RGSE), a residential and small business commercial solar company since 1978, has engaged Mobomo to develop a new mobile software suite designed to create a better and more engaging customer experience.

Mobomo’s innovative product design and engineering is expected to seamlessly integrate mobile phone applications and RGS’ existing database, along with additional digital applications into a new RGS Energy customer portal. Mobomo has already prepared its project plan and expects the project to be completed in approximately four months.

“Our engagement with Mobomo will enable us to design and develop a robust mobile application with a more dynamic customer interface, and thereby create a better, more engaging end-to-end customer experience,” said Dan Coffey, RGS Energy’s director of information technology. “We will integrate the app into our existing database, and develop new analytical tools to identify and serve our customers better. We expect the new customer portal will help our sales and construction teams to be more responsive and ultimately deliver greater customer satisfaction.”

Barg Upender, Mobomo’s chairman of the board, commented: “We were engaged by RGS Energy to turn their bold vision into reality. The timing couldn’t be better, as we see great opportunity in the marketplace for RGS Energy’s turnkey solar solution. We will use Agile Development throughout the process so we can meet RGS Energy’s launch date.”

Mobomo has a 10-year history of creating innovative solutions which have won numerous awards as well as mentions by major media outlets. Some of their most recent awards include: 2017 People’s Voice Webby Award for NASA website design, 2017 MUSE Creative Design Award and Best Places to Work 2017. 

“Our number one goal is profitable top-line revenue growth, so we believe improving our customer experience will shorten our sales and installation cycles, and advance us toward this goal,” commented Seth Wiggins, RGS Energy’s vice president of sales and marketing. “Mobomo has an award-winning track record of helping organizations expand their existing web and mobile suite.”

About Mobomo®
Mobomo is a premier provider of web and mobile development services to commercial businesses, government agencies, and non‐profit organizations. Mobomo combines technology expertise with disciplines in digital strategy, interactive marketing, and branding to create innovative applications and websites. From Mars, Inc. and Marriott to the American Heart Association (AHA) and the Government Services Administration (GSA) among numerous other world-class brands, it has amassed deep expertise helping its clients enhance and expand their existing web and mobile suite. Mobomo has launched countless apps and websites across every major vertical market. For more information about Mobomo, visit www.mobomo.com.

About RGS Energy
RGS Energy (NASDAQ:RGSE) is a residential and small commercial solar Company since 1978 which has installed more than 25,000 solar power systems. RGS Energy makes it very convenient for customers to save on their energy bill by providing turnkey solar solutions - from system design, construction planning, customer financing assistance, installation, to interconnection and warranty.

For more information, visit RGSEnergy.com, on Facebook at www.facebook.com/rgsenergy and on Twitter at 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. The Company files periodic and other reports with the Securities and Exchange Commission under its official 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,” “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; RGS Energy’s ability to successfully complete the software development project described in this press release on a timely basis and integrate the resulting software with RGS Energy’s existing software and business; RGS Energy’s ability to implement its growth strategy and achieve its target level of sales; customer acceptance of, experience with and satisfaction with the new software.

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 Enlists Mobomo to Drive Mobile...

Print
ET | Source: RGS Energy

DENVER, May 24, 2017 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ:RGSE), a residential and small business commercial solar company since 1978, has engaged Mobomo to develop a new mobile software suite designed to create a better and more engaging customer experience.

Mobomo’s innovative product design and engineering is expected to seamlessly integrate mobile phone applications and RGS’ existing database, along with additional digital applications into a new RGS Energy customer portal. Mobomo has already prepared its project plan and expects the project to be completed in approximately four months.

“Our engagement with Mobomo will enable us to design and develop a robust mobile application with a more dynamic customer interface, and thereby create a better, more engaging end-to-end customer experience,” said Dan Coffey, RGS Energy’s director of information technology. “We will integrate the app into our existing database, and develop new analytical tools to identify and serve our customers better. We expect the new customer portal will help our sales and construction teams to be more responsive and ultimately deliver greater customer satisfaction.”

Barg Upender, Mobomo’s chairman of the board, commented: “We were engaged by RGS Energy to turn their bold vision into reality. The timing couldn’t be better, as we see great opportunity in the marketplace for RGS Energy’s turnkey solar solution. We will use Agile Development throughout the process so we can meet RGS Energy’s launch date.”

Mobomo has a 10-year history of creating innovative solutions which have won numerous awards as well as mentions by major media outlets. Some of their most recent awards include: 2017 People’s Voice Webby Award for NASA website design, 2017 MUSE Creative Design Award and Best Places to Work 2017. 

“Our number one goal is profitable top-line revenue growth, so we believe improving our customer experience will shorten our sales and installation cycles, and advance us toward this goal,” commented Seth Wiggins, RGS Energy’s vice president of sales and marketing. “Mobomo has an award-winning track record of helping organizations expand their existing web and mobile suite.”

About Mobomo®
Mobomo is a premier provider of web and mobile development services to commercial businesses, government agencies, and non‐profit organizations. Mobomo combines technology expertise with disciplines in digital strategy, interactive marketing, and branding to create innovative applications and websites. From Mars, Inc. and Marriott to the American Heart Association (AHA) and the Government Services Administration (GSA) among numerous other world-class brands, it has amassed deep expertise helping its clients enhance and expand their existing web and mobile suite. Mobomo has launched countless apps and websites across every major vertical market. For more information about Mobomo, visit www.mobomo.com.

About RGS Energy
RGS Energy (NASDAQ:RGSE) is a residential and small commercial solar Company since 1978 which has installed more than 25,000 solar power systems. RGS Energy makes it very convenient for customers to save on their energy bill by providing turnkey solar solutions - from system design, construction planning, customer financing assistance, installation, to interconnection and warranty.

For more information, visit RGSEnergy.com, on Facebook at www.facebook.com/rgsenergy and on Twitter at 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. The Company files periodic and other reports with the Securities and Exchange Commission under its official 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,” “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; RGS Energy’s ability to successfully complete the software development project described in this press release on a timely basis and integrate the resulting software with RGS Energy’s existing software and business; RGS Energy’s ability to implement its growth strategy and achieve its target level of sales; customer acceptance of, experience with and satisfaction with the new software.

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 Enlists Mobomo to Drive Mobile...

State-run power giant NTPC is aiming at generating 250 billion units (BU) of electricity in the...

Read more: NTPC targets 250 BU power generation in FY18

Yes, we will build a wall, told Donald Trump to a crowd in Cedar Rapids, Iowa, adding that it is needed to stop the drugs from flowing in.
Read more: Donald Trump's new idea - a 'solar wall' on...

The Indian Renewable Energy Development Agency (IREDA) is waiting for the approval of the Reserve Bank of India to issue green masala bonds having a tenure of five years to raise close to $300 million, a source said.

The post IREDA awaits RBI nod to issue green masala bonds appeared first on The Financial Express.

Read more: IREDA awaits RBI nod to issue green masala bonds

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