JinkoSolar Signs US$1 Billion Strategic Cooperation Agreement with China Development Bank

SHANGHAI and ZUG, Switzerland, Dec. 7, 2012 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced that JinkoSolar (Switzerland) AG, its Swiss subsidiary, has entered into a strategic cooperation agreement ("Strategic Cooperation Agreement") with the Guangdong Branch of China Development Bank ("CDB"), pursuant to which CDB intends to provide financing cooperation to JinkoSolar (Switzerland) AG of an aggregate amount up to US$ 1 billion over a five-year period. The final conditions, terms and amount of the financing under the Strategic Cooperation Agreement is subject to the parties' further approval and will be set out in separate agreements.

JinkoSolar (Switzerland) AG will act as the platform to further expand the Company's presence overseas as the Company intends to use the financing to develop its overseas expansion, merger, acquisition, and downstream business, including project development and EPC for Photovoltaic ("PV") solar power plants. Pursuant to the Strategic Cooperation Agreement, the two parties will establish a high-level joint meeting mechanism to evaluate the progress of major development projects.

The Strategic Cooperation Agreement was signed in the presence of Mr. Shouguo Chang, Deputy President of CDB Guangdong Branch, and Mr. Xiande Li, Chairman of JinkoSolar, in Zug, Switzerland on December 7th, local time.

"As China's largest foreign investment and financing bank, China Development Bank has been implementing national development strategy and providing strong support to strategic plans and social development of the nation," stated Mr. Shouguo Chang, Deputy President of CBD Guangdong Branch. "We are pleased to be able to cooperate with JinkoSolar with this financing cooperation as it will provide JinkoSolar with the flexibility it needs to develop and finance overseas PV projects, which we believe will provide steady returns to investors. The signing of this Strategic Cooperation Agreement marks the beginning of what we hope will be a fruitful relationship between JinkoSolar and CDB over the next five years."

"As a leading solar power product manufacturer, we are delighted at the opportunity to cooperate on a strategic level with CDB," commented Mr. Xiande Li, Chairman of JinkoSolar. "The agreement with CDB will provide numerous advantages to us, including a long-term, stable source of capital and a complete set of financial servicesand it will have a far-reaching impact as it demonstrates the confidence with which a leading PV enterprise and strong and respectable financial institution set upon changing the global renewable energy market. We have the confidence to become a premium client of CDB and we will surely make good use of this platform to create a steady stream of high-quality PV projects and excellent return on investment not only in Europe, but in global markets."

About JinkoSolar

JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a leading solar power product manufacturer with production operations in Jiangxi and Zhejiang Provinces in China and sales and marketing offices in Shanghai and Beijing China; Munich, Germany; Bologna, Italy; Montpellier, France; Zug, Switzerland; San Francisco, U.S.; Queensland, Australia; Ontario, Canada and Singapore.

JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2 GW each for silicon ingots and wafers, solar cells and solar modules as of September 30, 2012. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including in Germany, Italy, Belgium, Spain, the United States, France, Eastern Europe, South Africa, Japan, China, India and other countries and regions.

JinkoSolar to Supply 5.7MW of Solar Modules to Convert Abandoned Strip Mine in Germany

SHANGHAI, Oct. 31, 2012 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced that it supplied 5.7 MW of photovoltaic (PV) modules for a 11.6 MW solar power station in Starkenberg, Thuringia, Germany.

Built by Energiebauern GmbH ("Energiebauern"), the solar power station is located on an abandoned strip mine in the south of Starkenberg and it is the largest project of its kind in Thuringia.

"As our strategic partner and module supplier, Jinko's solar products meet the stringent targets and high expectations set by Energiebauern," stated Mr. Clemens Hold, Purchase Manager for Energiebauern. "Besides this project in Starkenberg, we have several other projects in process ranging from 1.4 to 2.7 MW already supplied by JinkoSolar modules, and we eagerly look forward to continued cooperation between both companies."

"JinkoSolar and Energiebauern GmbH have taken another step forward in building a successful partnership that across many years and projects. We share a common mission, which is to deliver the cleanest, most efficient and economic solar energy solutions for a sustainable future." stated Mr. Arturo Herrero, Chief Marketing Officer of JinkoSolar. "By re-using the abandoned mine for this project, we proof how solar power can be economically useful. Driven by technological improvements, costs reductions, and rising energy prices, PV solar projects, like this one, take advantage of abandoned land and can be rapidly developed across the country. By working with Energiebauern GmbH in this project, we contribute to generating electricity efficiently, reducing the environmental impact, and enhancing energy diversity. We look forward to future cooperation as more opportunities will arise."

About JinkoSolar

JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a leading solar power product manufacturer with production operations in Jiangxi and Zhejiang Provinces in China and sales and marketing offices in Shanghai and Beijing, China; Munich, Germany; Bologna, Italy; Montpellier, France; Zug, Switzerland; San Francisco, U.S.; Queensland, Australia; Ontario, Canada and Singapore.

JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2 GW each for silicon wafers, solar cells and solar modules as of June 30, 2012. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including in Germany, Italy, Belgium, Spain, the United States, France, Eastern Europe, China and other countries and regions.

JinkoSolar Comments on U.S. Department of Commerce's Final Decision on Tariffs

SHANGHAI , Oct. 12, 2012 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today commented on the U.S. Department of Commerce's ("DOC") final determination to impose anti-dumping duties ("AD") of 25.96% and countervailing duties ("CVD") of 15.24% on JinkoSolar's crystalline silicon photovoltaic cells whether or not assembled into modules from the People's Republic of China .

"We believe that these duties are unfair and unfounded," commented Mr. Xiande Li, Chairman of JinkoSolar. "The ruling to impose stiff duties on JinkoSolar products does not reflect the reality of the highly competitive global solar industry and will only hinder the development of the entire PV industry. It will ultimately end up hurting US consumers, slow down the roll-out of green energy and limit job creation. Ill-conceived unilateral trade barriers such as these will reduce solar's competitiveness against other forms of electricity generation. However, the tariffs will not impact our global strategy and we will continue to commit ourselves to promoting the prosperity of the solar industry."

"While we respect the DOC decision, we strongly disagree with it and we will continue to actively defend our position before the International Trade Commission. Despite this setback, we believe that the impact of these tariffs on our business will be substantially limited as the United States accounted for a fairly small percentage of our total module shipments during the past twelve months. We are strongly dedicated to the success of Jinko Solar in the United States and we will soon see good results despite the inconvenience caused by the tariffs." added Mr. Arturo Herrero , Chief Marketing Officer of JinkoSolar.

About JinkoSolar

JinkoSolar is a leading solar power product manufacturer with production operations in Jiangxi and Zhejiang Provinces in China and sales and marketing offices in Shanghai, China ; Munich, Germany ; Bologna, Italy ; Montpellier , France ; Zug, Switzerland ; San Francisco , U.S.; Queensland, Australia ; Ontario, Canada and Singapore .

JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2GW each for silicon wafers, solar cells and solar modules as of June 30, 2012 . JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including in Germany , Italy , Belgium , Spain , the United States , France , Eastern Europe , China and other countries and regions.

JinkoSolar Cooperate with CJIC to Develop Kenya's Largest Solar Power Plant

SHANGHAI, Sept. 27, 2012 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced it has signed an cooperative agreement with China Jiangxi Corporation for International Economic & Technical Co, Ltd. ("CJIC") to provide technical support for CJIC's 50MW solar power project development in Kenya. Under the agreement, JinkoSolar is also appointed by CJIC as the preferred module supplier for this project.

The project is planned to occupy 81 hectare and is expected to be one of the largest grid connected solar power plants in Africa. Located in northwest city of Garissa, Kenya, the plant is expected to produce approximately 76,473 megawatts hours per year, reducing yearly carbone missions by 64,190 tons and saving coal consumption by 24,470 tons annually.

With an arid climate and a vast desert landmass, Garissa is geographically optimal for harnessing solar power. The pre-assembled modular approach is planned by JinkoSolar to facilitate installation and future operation and maintenance. Additionally, pouring pile and spiral pile design will be utilized to protect local vegetation. The introduction of solar energy is expected to generate significant value for Kenya's energy landscape, by ensuring sustainable opportunities for diversified economic growth.

"We are extremely impressed with quality of JinkoSolar's products and expertise in design and engineering." said Mr. Guojian Xu, General Manager of CJIC. "Through cooperation, we hope to build a long-term relationship to harness both our unique advantages and open a new chapter for the construction of PV power plants in Africa."

"We are pleased to be a part of Kenya's push towards clean-tech development and commitment to renewable energy," said Mr. Kangping Chen, Chief Executive Officer of JinkoSolar. "As a market leader in the solar energy business, JinkoSolar will play a key role in supply Kenya's growing demand for solar energy. By cooperating with CJIC, we expect this project will provide JinkoSolar with future opportunities in Kenya's solar power plant industry."

About China Jiangxi Corporation for International Economic and Technical Cooperation

China Jiangxi Corporation for International Economic and Technical Cooperation(CJIC), approved by the State Council of the People's Republic of China and registered in 1983, is a large compound foreign economic enterprise, focusing on international project contracting and labor services cooperation and diversified undertaking the business of domestic real estate, architectural design, overseas investment and trading simultaneously. The corporation had gained contracting qualification in building project and contracting qualification in water conservancy and hydroelectric project, contracting qualification in municipal public works,  Meanwhile, the corporation also obtained the top grade contracting qualifications in building project, water conservancy and hydroelectric project and road and bridge project in Botswana, Zimbabwe, Kenya, Ghana and Zambia. Since 2000, the corporation has achieved new breakthroughs in both development scale and business field, maintaining a good trend of accelerative development.

About JinkoSolar

JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a leading solar power product manufacturer with production operations in Jiangxi and Zhejiang Provinces in China and sales and marketing offices in Shanghai, China; Munich, Germany; Bologna, Italy; Montpellier, France; Zug, Switzerland; San Francisco, U.S.; Queensland, Australia; Ontario, Canada and Singapore.

JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2 GW each for silicon wafers, solar cells and solar modules as of June 30, 2012. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including in Germany, Italy, Belgium, Spain, the United States, France, Eastern Europe, China and other countries and regions.

JinkoSolar's Testing Lab Receives Certificate from China National Accreditation Service

SHANGHAI, Aug. 30, 2012 /PRNewswire-Asia/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced that the Company's testing facility has received certification from the China National Accreditation Service ("CNAS") for its industry leading quality controls.

Formed under the supervisions of China's Certification and Accreditation Administration, CNAS is responsible for providing internationally accepted accreditation to laboratories and quality control tests in China.

JinkoSolar's PV testing facility received the Underwriters Laboratories Witness Testing Data Program certificate earlier this year.

"JinkoSolar is committed to using high quality selected materials and components and maintaining stringent quality controls during the production process," commented Kangping Chen, Chief Executive Officer of JinkoSolar. "We view quality as the key to long-term success in the solar industry as we broaden the appeal of our brand globally. This certification demonstrates our reliability as a partner and certifies that our state-of-the-art product testing facility is giving our customers the confidence and performance they need from our solar products to generate decades of sustainable solar energy."

About JinkoSolar

JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a leading solar power product manufacturer with production operations in Jiangxi and Zhejiang Provinces in China and sales and marketing offices in Shanghai, China; Munich, Germany; Bologna, Italy; Montpellier, France; Zug, Switzerland; San Francisco, U.S.; Queensland, Australia; Ontario, Canada and Singapore.

JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2 GW each for silicon wafers, solar cells and solar modules as of June 30, 2012. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including in Germany, Italy, Belgium, Spain, the United States, France, Eastern Europe, China and other countries and regions.

JinkoSolar Wins Contract to Supply China Guangdong Nuclear with 30 MW of Solar Modules

SHANGHAI, Aug. 27, 2012 /PRNewswire-Asia-FirstCall/ - JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company," NYSE: JKS), a fast-growing, vertically integrated solar product manufacturer, today announced that it has won a bid from China Guangdong Nuclear Solar Energy Development Co., Ltd. (China Guangdong Nuclear, of CGN-SEDC) to supply 30 MW of photovoltaic (PV) modules for a PV power plant project planned in Hami city, Xinjiang Province, China.

"We are pleased that China Guangdong Nuclear has decided to extend its relationship with us by cooperating on this project in Xinjiang." said Mr. Xiande Li, Chairman of the board of Directors of JinkoSolar. "We believe that this validates our efforts to grow long-term relationship with major players in China's solar power plant industry and that this repeat order is a testament to the quality of our products and services. Our reputation as one of the industry-leading solar module producers with high quality products and services in the market continues to provide us with opportunities not only in China, but across the globe as we expand our geographic footprint worldwide."

About China Guangdong Nuclear

Solar Energy Development Co., Ltd. of China Guangdong Nuclear Power Group (CGN SEDC), was established in August 27, 2009. As a wholly-owned subsidiary of China Guangdong Nuclear Power Group, CGN SEDC focuses on solar power investment, construction, operation and maintenance, and is actively involved in related industries. For more information about CGN-SEDC, please visit http://www.cgnsedc.com.cn.

About JinkoSolar

JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a leading solar power product manufacturer with production operations in Jiangxi and Zhejiang Provinces in China and sales and marketing offices in Shanghai, China; Munich, Germany; Bologna, Italy; Montpellier, France; Zug, Switzerland; San Francisco, U.S.; Queensland, Australia; Ontario, Canada and Singapore.

JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2GW each for silicon wafers, solar cells and solar modules as of June 30, 2012. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including in Germany, Italy, Belgium, Spain, the United States, France, Eastern Europe, China and other countries and regions.

JinkoSolar Becomes the First PV Company Passing Anti PID Test by TUV-SUD at 85 Degrees Celsius

SHANGHAI, Aug. 20, 2012 /PRNewswire-Asia/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced that the Company's  polycrystalline modules passed PID test at 85 Degrees Celsius/85% relative humidity, following the success of passing potential induced degradation (PID) test at 65 Degrees Celsius weeks ago. This achievement has made JinkoSolar the first company that passed both forward and reverse bias voltage tests under 85 Degrees Celsius/85% relative humidity, and was awarded with "Anti-PID" certificate at this condition by TUV-SUD.

During the testing period, solar modules were exposed to 1,000 volts of bias voltage under the condition of 85 Degrees Celsius/85% relative humidity. In order to pass this extreme test, the maximum degradation of power output between initial and final measurement should not exceed 5%. The tested Jinko modules have successfully passed the stringent requirements set by TUV-SUD.

"85 Degrees Celsius temperature /85% relative humidity is harshest known condition of PID test. Passing anti-PID test in this extreme environment solidly demonstrates the high quality of our selected base materials and encapsulation components, as well as our strict quality control of each production process. In addition, our consistent investment in R&D contributes to our success in PID tests and ensures the stable output of JinkoSolar's PV systems over a 25+ year life time," said Kangping Chen, CEO of JinkoSolar.

"The benefit to our customer is that PV systems built with our modules generate long-lasting top yields with the lowest PID power loss even under the most adverse conditions. This will ensure our customers the lowest claim rate and the shortest return on investment. This improvement in both performance and quality reliability is in line with our constant commitment to customers to keep 'Building your Trust in Solar'," JinkoSolar's Chief Marketing Officer Arturo Herrero added.

"PID is one of the phenomena that impose the biggest negative effects on the power output of solar plants. It is also a matter of great influence for buyers and investors since basic TUV certificates cannot meet their increasingly demanding and professional requirements," commented by Mr. Hailiang Xu, manager of PV Business Unit of TUV-SUD. "We are very pleased to see this achievement made by JinkoSolar. It assures us of the increasing awareness of Chinese solar manufactures to pursue the top quality of their products. TUV-SUD will continue to roll out programs that pose big challenges to the quality of solar products, which will help buyers identify the best suppliers and solar manufacturers gain stronger brand recognition in the solar market. "

About JinkoSolar

JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a leading solar power product manufacturer with production operations in Jiangxi and Zhejiang Provinces in China and sales and marketing offices in Shanghai, China; Singapore; Munich, Germany; San Francisco, U.S.; Queensland, Australia; Ontario, Canada; Bologna, Italy; Montpellier, France and Zug, Switzerland.

JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2GW each for silicon ingots, wafers, solar cells and solar modules as of March 31, 2012. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including Italy, Germany, Belgium, Spain, the United States, France, Eastern Europe, China and other countries and regions.

JinkoSolar Expands Global Footprint in Switzerland

HANGHAI, Aug. 24, 2011 /PRNewswire-Asia-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("the company") (NYSE: JKS), a fast-growing, vertically integrated solar power product manufacturer headquartered in China, today announced the establishment of the company's new branch in Zug, Switzerland. The office commenced operations earlier this month.

JinkoSolar's new location represents the latest strategic step in the expansion of the company's global footprint. In establishing JinkoSolar (Switzerland) AG, the company aims to reinforce its global presence, while expanding its local operational capabilities throughout Europe to better service its growing clientele.

"In recent years, JinkoSolar has cemented itself as one of the most trustworthy partners across Europe. This success can be largely attributed to the company's commitment to ensuring that our customers have a reliable, local support team available," said Mr. Xiande Li, Chairman of JinkoSolar. "To this end, we are pleased to announce the opening of our new branch in Switzerland. The Zug region has a stellar reputation due to its favorable business climate, and we are looking forward to establishing operations in this region to enhance our customers' experiences in the European market."

About JinkoSolar

JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a fast-growing, vertically integrated solar power product manufacturer with low-cost operations based in Jiangxi Province and Zhejiang Province in China and sales and marketing offices in Shanghai, China, Munich, Germany, San Francisco, U.S. and Bologna, Italy. JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of 1.1 GW each for silicon ingots, wafers, solar cells and solar modules as of June 30, 2011, and plans to expand its annual capacity to 1.5GW each for silicon wafers, solar cells and solar modules by end of 2011. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including Italy, Germany, Belgium, Spain, the United States, France and other countries and regions.