SHANGHAI, February 26th, 2021 — JinkoSolar Holding Co., Ltd. (the “Company” or “JinkoSolar”) (NYSE:JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that as the first solar company, it has signed on to Global Framework Principles for Heavy Industry, to give its contribution in fostering the decarbonization of the heavy industry sector, in favor of a shift towards a clean energy transition.
Dany Qian, JinkoSolar Vice President, commented，“I am honored to support the Framework Principles for Heavy Industry on behalf of JinkoSolar. Renewable energy will be vital to decarbonizing the heavy industry sector, which creates nearly one third of global emissions. As a producer of zero-carbon energy sources, we are proud to be one of the first companies in China to support these Framework Principles and look forward to working alongside the rest of the signatories to raise global ambition on decarbonizing heavy industry.”
More and more countries and governments are alert of climate change and are on the hunt for effective ways to cut emissions, but the progress is still too slower than the worsening situation. In addition, the current Covid-19 crisis has led to a considerable slowdown in industrial activity and threatens to divert attention away from the sustainable transition. But time is of the essence, especially in heavy industry since long investment cycles mean that decisions made in the short-term could risk locking in emissions-intensive production for decades to come.
Governments play critical role to develop recovery packages to accelerate progress:
1.Key targets for sustainable stimulus for industry include: incentives for energy efficiency; improving material recycling systems;
2.Fund and strengthen progress in developing and demonstrating innovative clean technologies.
3.Legislate to eliminate emissions from energy intensive heavy industry, for example provisions in regulations (e.g. carbon market, carbon price and trading system).
4.Sectoral agreements (e.g. formal international commitment to reduce emissions in a sector).
5.Green certificate and trading system.
6.CO2-based tariffs or tax.
7.Consumption-based regulations (e.g. requirements on the renewable power consumption ratio in its bills).
8.International cooperation, such as technology transfer and best practice sharing.
With clever policy design and a co-operative approach among stakeholders, we think the progress will be speed up as expected. JinkoSolar will take its indispensable role in offering the cheaper and smarter clean energy solution to help heavy business end contribution to climate change.
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 17.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of March 31, 2020.
JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan(2), 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.
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:
Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105