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SHANGHAI –September 2, 2015 - JinkoSolar Holding Co., Ltd. (“JinkoSolar”), a global leader in the photovoltaic (“PV”) industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) INC., ("JinkoSolar US") has entered into an agreement with Ygrene Energy Fund, Inc. (“Ygrene”), to integrate JinkoSolar’s high quality solar modules into Ygrene’s PACE (property assessed clean energy) financing program, YgreneWorksTM for residential and commercial PV systems in the United States. The Jinko-Ygrene partnership offers zero-down, 100% project financing to homeowners and businessowners who want to own solar systems.Eligibility is not based on credit score and property owners will receive full access to the 30% federal solar Investment Tax Credit. Contractors benefit fromYgrene financing because they are paid immediately after property owner sign-off at project completion. “We are pleased to select JinkoSolar as a Preferred Module Partner, combining Ygrene’s low cost financing with modules that have a reputation for the highest quality and reliability,”noted Mike Cary, Chief Operating Officer of Ygrene. “Ygrene has approved over $400 millionin energy efficiency upgrade projects, and this partnership will help us offer customers low-cost solar solutions while helping cities and counties increase levels of renewable energy.” “Innovative PACE financing is a major opportunity for growth in residential and commercial sales, so we are excited to offer this joint program with Ygrene, as we continue to expand our footprint in the US,” said Mr. Nigel Cockroft, general manager of JinkoSolar (U.S.) Inc. “We believe the Jinko-Ygrene program offers the customer an optimal path to ownership of solar systems.”
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. 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 11.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of December 31, 2019.
JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina.
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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:
Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@kbmyaudio.com
