JinkoSolar Delivers More than 1.1 Million Tiger Neo Modules to One of The Largest PV Projects in Germany and Europe

Rhea-AI Summary

JinkoSolar delivered over 1.1 million Tiger Neo modules to The Witznitz Solar Park in Germany, part of a 650 MW module capacity project. The facility, managed by MOVE ON Energy, is the biggest PV project in Germany and among the largest in Europe. The project includes investment from SIGNAL IDUNA and a 15-year PPA with Shell Energy Europe, aiming to produce 0.6 terawatt hours of electricity annually.

Positive

• JinkoSolar's delivery of 1.1 million Tiger Neo modules to The Witznitz Solar Park showcases the company's strong position as a leading solar module manufacturer globally.

• The investment from SIGNAL IDUNA and the PPA with Shell Energy Europe indicate strong financial backing and long-term sustainability for the project.

• The project's size and scope highlight JinkoSolar's capability to handle large-scale solar projects efficiently and effectively.

Negative

• Potential challenges in meeting the high technical requirements and timely delivery for such a large-scale project could impact the operational success and reputation of JinkoSolar in the future.

MUNICH, May 13, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, announced today that it has delivered its Tiger Neo modules to a Solar Power Plant in Lobstädt, Germany (The Witznitz Solar Park). The Witznitz Solar Park adds up to 650 MW module capacity in total. JinkoSolar has delivered more than 1.1 million Tiger Neo modules to the site. German insurance group SIGNAL IDUNA, through its affiliate HANSAINVEST Real Assets GmbH, has invested in the project, securing 605 MW and Shell Energy Europe has signed a 15-year Power Purchase Agreement (PPA). Constructed last year by MOVE ON Energy, the facility will be under its operational management.

The project is expected to deliver 0.6 terawatt hours of electricity per year. The Witznitz Solar Park project is to date the biggest PV Project in Germany and one of the largest in Europe.

Mr. Frank Niendorf, General Manager of JinkoSolar Europe, commented, "Rapidly expanding green energy production in Germany and Europe is the only way forward to sustainably increase electricity supply and to lower carbon emissions. That's why JinkoSolar is proud to deliver more than 1.1 mn TOPCon Tiger Neo modules to this milestone project. The Witznitz Solar Park, has already become a benchmark for renewable energy as one of the largest projects ever built in Germany and Europe using TOPCon modules."

"We are very pleased to have found a reliable and competent partner and supplier for our major project in JinkoSolar," explain Mr. Steffen Montag, Managing Director of MOVE ON Energy GmbH, and Mr. Wolfgang Pielmaier, Technical Director of MOVE ON Energy GmbH. The Witznitz energy park was one of the largest construction sites in Saxony in 2023. "The fulfillment of the high technical requirements paired with the smooth in-time delivery to the construction site confirms the choice of Jinko Solar as our exclusive partner in the field of module supply," says MOVE ON Energy GmbH with satisfaction.

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 utility-scale, commercial and residential customers in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had 14 productions facilities globally, 26 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and a global sales network with sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of March 31, 2024.

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. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email:pr@jinkosolar.com

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SOURCE JinkoSolar Holding Co., Ltd.

FAQ

<p>How many Tiger Neo modules did JinkoSolar deliver to The Witznitz Solar Park?</p>

JinkoSolar delivered over 1.1 million Tiger Neo modules to The Witznitz Solar Park in Germany.

<p>Who invested in The Witznitz Solar Park project?</p>

The project received investment from German insurance group SIGNAL IDUNA through its affiliate HANSAINVEST Real Assets GmbH.

<p>Who signed a 15-year Power Purchase Agreement (PPA) for the project?</p>

Shell Energy Europe signed a 15-year Power Purchase Agreement (PPA) for The Witznitz Solar Park project.

<p>What is the expected electricity production from The Witznitz Solar Park annually?</p>

The project is expected to deliver 0.6 terawatt hours of electricity per year.

<p>Who managed the construction of The Witznitz Solar Park?</p>

The facility was constructed by MOVE ON Energy and will be under its operational management.