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Investor Relations
English

June 23, 2022, JinkoSolar, one of the largest and most innovative solar module manufacturers in the world, today announced that it has signed a strategic co-operation agreement with CIMC Raffles, a leading offshore equipment Engineering Procurement & Construction (EPC) company, to mutually develop offshore solar projects based on JinkoSolar’s leading N-type technology. According to the agreement, the parties would work towards the promotion and commercialization of offshore floating solar plants and explore the possibilities for offshore solar-hydrogen plants using JinkoSolar’s high efficiency and reliable Tiger Neo products.   

Owing to its record high efficiency, low degradation and temperature coefficient, high power with low Isc that fosters project safety, great anti-salt anti-environment reliability backed by industry leading warranty and low maintenance, Tiger Neo is verified as the most suitable solution for offshore solar applications, including floating solar farms, offshore wind-solar hybrid plants, offshore solar desalination, offshore solar-hydrogen production.

Compared to ground mounted systems, the BOS cost of floating solar PV plant is much higher on average due to floats, anchoring, mooring, and plant design. In addition, its operation and maintenance activities are generally more difficult to perform on water than on land. As a result, FPV projects require more powerful and highly reliable and durable panels. The uniquely high efficiency, high power output, high generation yield and lower degradation in Tiger Neo makes it perfect for deployment in offshore projects. These factors help reduce the BOS and O&M cost by 4-5% as compared to conventional P-type panels.

“It is great to work with CIMC Raffles, the Chinese offshore engineering specialist, who is looking for ways to consolidate its leading position to diversify into a more versatile operation for energy transition, “said Dany Qian, VP of JinkoSolar, ”With our Tiger Neo products, we believe CIMC Raffles can significantly reinforce its penetration strategy into renewable energy and build a portfolio of innovative offshore green projects.’

Legal Statement

About JinkoSolar Holding Co., Ltd. 
Jinko Solar Co., Ltd. (the “Company”, or “Jinko Solar”) (SSE: 688223) is one of the most famous and innovative solar technology companies in the world. Its business covers the core links of the photovoltaic industry chain, focusing on the R&D of integrated photovoltaic products and integrated clean energy solutions. At present, Jinko Solar's products serve more than 3,000 customers in more than 160 countries and regions around the world, and the company has ranked No.1 in global module shipments from 2016 to 2019.  By the end of Q1,2023, the cumulative module shipments of Jinko Solar have exceeded 150GW. Jinko Solar is an industry opinion leader under various international frameworks such as B20, and it is also one of the first solar energy companies to join the RE100 green initiative.
 
Jinko Solar is the first company to establish a "vertically integrated" production capacity from silicon material processing to wafer, cell and module production in the industry. It has a total of 14 global production bases in China, the United States, Malaysia and Vietnam. JinkoSolar expects its annual production capacity for mono wafer, solar cell and solar module to reach 75.0 GW, 75.0 GW and 90.0 GW, respectively, by the end of 2023. Jinko Solar has more than 1,000 R&D and technical employees and has won many honors such as "National Enterprise Technology Center", "National Technology Innovation Demonstration Enterprise", "Champion of Manufacturing ", and has formulated many international and domestic industry standards such as IEC. Jinko Solar continuously expands the diversified application scenarios of photovoltaic technology, including building-integrated photovoltaic, photovoltaic hydrogen production, energy storage and other fields, and strives to create a new energy ecosystem.

Jinko Solar was listed on the STAR Board of the Shanghai Stock Exchange in 2022, and JinkoSolar Holding Co., Ltd., its indirect controlling shareholder, was listed on the New York Stock Exchange in 2010.
 
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:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@kbmyaudio.com
 
 
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