SHANGHAI, February 5, 2014 — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), a global leader in the solar PV industry, today announced that it will provide 2 MW of smart modules to IDEC Corporation (“IDEC”), a Tokyo Stock Exchange listed Japanese designer and manufacturer of control automation products, for a ground mounted solar PV project in Nishinomiya, Hyogo Prefecture, Japan.
The project, which will comprise of 7,644 JinkoSolar polycrystalline smart modules equipped with TIGO Optimizer smart component, is currently the largest PV project equipped with all smart modules in Japan.
JinkoSolar’s smart module features Tigo’s optimization technology embedded into the module. This technology eliminates mismatch losses between modules, which allows underperforming modules to continue contributing to the system while not restricting the stronger modules. Smart modules can improve PV system power by up to 20% compared to ordinary modules. They feature enhanced safety capabilities that enable module-level deactivation and rapid shutdown. In addition they enable up to 30% more modules to be strung in series and monitor every module independently. JinkoSolar’s smart modules provide the most value and highest ROI to system owners.
Mr. Kangping Chen, Chief Executive Officer of JinkoSolar commented, “JinkoSolar’s smart modules provide stable operation and efficient electricity output for any solar PV system and represent a first step towards building a smart-grid. JinkoSolar’s R&D teams are devoted to developing integrated intelligent solution from smart solar modules to intelligent solar power plant systems. We will continue to develop new and efficient intelligent solar PV systems to bring solar power to a new level.”
About JinkoSolar Holding Co., Ltd.
JinkoSolar is a global leader in the solar industry with production operations in Jiangxi and Zhejiang Provinces in China and sales and marketing offices in Shanghai and Beijing, China; Munich, Germany; Bologna, Italy; Zug, Switzerland; San Francisco, the United States; Queensland, Australia; Ontario, Canada; Singapore; Tokyo and Osaka; Japan and Cape town, South Africa; Santiago, Chile.
JinkoSolar has built a vertically integrated solar product value chain, with an annual capacity of 2.5GW for silicon ingots and wafers, 2 GW for solar cells, and 3.2 GW for solar modules, as of December 31, 2014. JinkoSolar sells electricity in China and distributes its solar products to a diversified customer base in the global PV market, including Germany, Italy, Belgium, Spain, the United States, Eastern Europe, China, India, Japan, South Africa, South America and other countries and regions.
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.