SYDNEY, November 11, 2020 – JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE:JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has shipped in full (and early) its first single customer 100-megawatt-plus (MW) distribution contract to PV industry titan Blue Sun Group. Such an achievement is confirmation of the strength of the JinkoSolar brand and the service provided by Blue Sun Group.
Few manufacturers, let alone distributors, have actually completed shipments of more than 100 megawatts in a single year into the Australian rooftop market. Earlier in 2020, JinkoSolar and Blue Sun Group confidently forecast the 100MW total, so it is pleasing to see this total achieved against the backdrop of COVID-19 and transport difficulties. Although many participants in the wider distribution channel have strong interest in trading large volumes of inverters and modules, frequently optimistic MOU promises fail to result in concrete achievements. For this reason, the joint achievement of JinkoSolar and Blue Sun Group stands out from the pack.
“JinkoSolar’s three strengths of value, excellent product mix and brand popularity have combined with Blue Sun Group’s investment to deliver an inspiring result” said Bright Wang, Head of Australia for JinkoSolar. “JinkoSolar is fortunate in Australia to be working with excellent partners across the board, and we are grateful to Blue Sun Group for the strong support and leadership in the rooftop space.”
Blue Sun Group has strongly grown its JinkoSolar shipments even with significant sea freight difficulties in the first part of 2020. Importantly, it was one of the first PV distributors to get behind the 370 watt power class.
“This strong result belongs to the loyal sub-distributors, retailers and partners that support Blue Sun Group,” said Mario Chen, Managing Director, Blue Sun Group. He added “This achievement is the outcome of continued investment from Blue Sun Group in stock and in our warehouse network, as well as the hard work of our team.”
Anita Li, JinkoSolar General Manager of APAC region, commented: “The following year of 2021 is expected to be an even brighter one for the JinkoSolar and Blue Sun teams, with new products launching across the C&I and residential space, supported by expanded production capacity at JinkoSolar and new warehouse locations on the side of Blue Sun Group.” She concluded: “The future is bright for JinkoSolar and Blue Sun Group.”
About Blue Sun Group
Established in 2005, Blue Sun Group is a high-tech enterprise focusing on R&D and sales of solar energy products with its head office in Brisbane Queensland and a distribution network nation-wide. Over the last 15 years of development, Blue Sun Group has diversified its business field into Renewable Energy, Real Estate Development, Finance, and Property Management Industries. Throughout the decade, Blue Sun Group had successfully integrated renewable energy into its other business sectors and is dedicated to Australia’s commercial solar projects.
About JinkoSolar
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. In Australia, across the last decade of business conducted locally JinkoSolar has supplied many key projects and established a national footprint of warehouses and support staff.
Internationally, JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for mono wafers, 11 GW for solar cells, and 25 GW for solar modules, as of June 30, 2020.
JinkoSolar has over 15,000 employees across its 9 production facilities globally, with 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.
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:
Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@jinkosolar.com