NEW DELHI, 13 March, 2018 – JinkoSolar Trading Private Limited (A JinkoSolar Holding Co., Ltd subsidiary), India’s leading photovoltaic (PV) module supplier, today announced that it has successfully closed its first order of 2.5 MW high efficiency 320 Watt Polycrystalline 72-cell Module sales to Rockford Solar India Pvt. Ltd, also one of the leading solar EPCs in utility, commercial and industrial rooftop projects. The solar project is owned by Hodson Renewables Pvt. Ltd, which is the SPV to execute BOOT model projects in C&I solar sector in India.
The modules have been used for a Jindal company rooftop project in Nashik, Maharashtra. After commissioning, the project is expected to generate a total of 3.6 million units annually and also help offset 2,160 tons of carbon emissions in a year.
Commenting on this order, Mr. Donald Leo, Managing Director – Asia South, JinkoSolar said, “We are glad to kick-start our India entity business. This is our first order under the India entity – Jinko Solar Trading Private Limited. Given the scale and market potential of India, JinkoSolar is confident to scale this business to greater heights. This year we are targeting 1.5 GW of sales in the region and are confident to meet and exceed our customer expectations.”
JinkoSolar has shipped over 1GW within India and is bringing best-in-class products with high efficiency and premium technology to its customers here. The company has also launched the Half- cell technology, in addition to monocrystalline and polycrystalline products that offer greater efficiency and productivity. It is especially suited to the distributed generation segment wherein increased output and higher shade tolerance of half-cell modules significantly improves the project performance.
About JinkoSolar Holding Co., Ltd.
JinkoSolar (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, 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 7 GW for silicon ingots and wafers, 4.5 GW for solar cells, and 8 GW for solar modules, as of September 30, 2017.
JinkoSolar has over 15,000 employees across its 8 productions facilities globally, 16 oversea 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 teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, South Africa, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Panama and Argentina.
To find out more, please see: www.jinkosolar.com
About Hodson Solar
Hodson Solar is a prominent player in the C&I rooftop segment in India, having completed 10 MW of rooftop solar projects with multinational clients in the country. Projects are undertaken under the Build Own Operate Transfer Model and financed by Hodson. Hodson is poised for major growth over the coming years and has partnered with Rockford Solar India Pvt. Ltd, also one of the leading solar EPC companies in utility, commercial and industrial rooftop projects.
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.
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