Singapore, April 5th, 2018 – JinkoSolar Holding Co., Ltd. (NYSE: JKS) (the “Company,” or “JinkoSolar”), a global leader in the solar PV industry, today announced that it was invited as the sole renewable energy industry representative to speak at the World Bank – Singapore Infrastructure Finance Summit hosted by the World Bank. The summit gathers ASEAN finance ministers, institutional investors, financiers, developers and advisors to discuss the mobilization of private capital in Southeast Asia infrastructure development.
As the only renewable energy industry representative that spoke at the summit, Ms. Qian, JinkoSolar Global Vice President, shared insights about recent technical developments, the increasing economic competitiveness, and regulatory environment of clean energy. Looking forward into the future, Ms. Qian also spoke on the critical role of that distributed solar power has to play in the global energy transition, highlighting its synergies with storage solutions, micro grids, electrical vehicles, and smart cities.
“With rapidly declining cost, renewable energy, particularly solar, have become increasingly economically attractive. Large institutional asset owners should diversify their portfolios away from traditional oil and gas assets to renewables assets. The age of high profit margin within the oil and gas industry will not come again as the declining prices of renewable power price become the benchmark and ceiling price for fossil fuels. On the other hand, renewable energy infrastructure ensures long-run cash flow stability. The global energy transition is inevitable. As such, financial institutions should invest in renewables like the bull market it is, diversifying into renewables sooner rather than later. From a governmental point of view, regulations and policy support should measure up with this increasingly competitive trend” noted Ms. Qian. “As the world’s leader in solar technology, JinkoSolar’s impact on the solar industry extends to utility, commercial, and the individual level. The global energy landscape will be revolutionized in the coming years with the rising adoption of distributed solar, the tightening of emission standards, the accelerating implementation of smart grid, and the liberalization of energy markets. Distributed solar and storage solutions will be the game changer for our future energy mix” Ms. Qian further explained.
Through representing the renewable energy industry at various global summits, JinkoSolar is acting on its commitment to raising public knowledge and engagement on renewable energy development issues. From co-chairing the B20 Energy, Climate, and Resource Efficiency taskforce last year to attending the China Development Forum earlier this year, JinkoSolar has provided private sector insights on the global energy transition. JinkoSolar’s invitation to speak at the World Bank – Singapore Infrastructure Finance Summit reflects the company’s stature as a leader in the global energy transition.
JinkoSolar Holding Co., Ltd. (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, 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 8 GW for silicon ingots and wafers, 5 GW for solar cells and 8 GW for solar modules, as of December 31, 2017. JinkoSolar has over 12,000 employees across its eight production facilities globally, 16 overseas subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates, and global sales offices in China, Hong Kong, Japan, India, Turkey, Germany, Switzerland, United States, Brazil, Chile, Australia, South Africa, and United Arab Emirates.
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:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056