JinkoSolar Ranked as Top Solar Brand used in Debt Financed Projects and Most "Bankable" PV Manufacturer by Bloomberg New Energy Finance

Rhea-AI Summary

JinkoSolar (NYSE: JKS) has been recognized by Bloomberg New Energy Finance as a leading solar brand in debt-financed projects and the most bankable PV manufacturer globally. The BNEF survey ranked 49 solar module manufacturers, and JinkoSolar achieved a perfect bankability score from all respondents, confirming its modules secured more term-loan financing than any other Chinese brand. CEO Kangping Chen emphasized the company's commitment to R&D and high-quality solar products, enhancing investor confidence in long-term returns.

Positive

• Ranked top solar brand in debt-financed projects by BNEF.
• Achieved 100% bankability score from survey respondents.
• Secured more term-loan financing than any other Chinese PV brand.

Negative

• None.

SHANGRAO, China, Aug. 21, 2020 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company" or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it was ranked as a top solar brand in debt financed projects and named a most "bankable" PV manufacturer by Bloomberg New Energy Finance (BNEF). Forty-nine global solar module manufacturers were ranked based on BNEF's global survey of key PV stakeholders assessing which module brands used in projects are most likely to obtain non-recourse debt financing from commercial banks.

Survey respondents included banks, funds, engineering, procurement, and construction firms (EPCs), independent power producers (IPPs) and technical advisers involved in solar projects around the world. The survey addressed product quality, long term reliability, field deployment performance, and the manufacturer's financial strength. JinkoSolar was considered highly bankable by 100% of the survey respondents. Further confirming JinkoSolar's high bankability score, BNEF's data also shows that projects using JinkoSolar modules have secured more term-loan financing than any other Chinese PV brand ever.

"As one of the leading solar module manufacturers, we are proud to be recognized once again by BNEF as a most trusted solar brand by customers, investors, and banks all over the world. This is a testament to the outstanding research, stringent quality checks and world records we have set to revolutionize the solar industry with our advanced technology, reliability, and high-quality products," said Mr. Kangping Chen, CEO of JinkoSolar. "We have invested heavily in R&D over the years and will continue to invest in the quality, proven reliability and long-term performance of our PV modules because we believe this will generate value and better returns for investors."

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 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 17.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of March 31, 2020.

JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 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:

Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@jinkosolar.com

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SOURCE JinkoSolar Holding Co., Ltd.

FAQ

What recognition did JinkoSolar receive from Bloomberg New Energy Finance?

JinkoSolar was recognized as a top solar brand in debt-financed projects and as the most bankable PV manufacturer.

What is the significance of the BNEF survey for JinkoSolar?

The BNEF survey highlighted JinkoSolar's strong product quality and financial strength, leading to a perfect bankability score from all respondents.

How does JinkoSolar's bankability compare to other manufacturers?

JinkoSolar has been ranked as having the highest bankability score compared to other solar module manufacturers surveyed by BNEF.

What is JinkoSolar's focus for future investments?

JinkoSolar plans to continue investing in research and development to enhance the quality and long-term performance of its solar modules.