JinkoSolar Signs Agreement with Aldo Solar for the Distribution of 600 MW N-type Tiger Neo Modules
JinkoSolar (NYSE: JKS) has signed a significant distribution agreement with Aldo Solar, marking a milestone in the Latin American market. With this deal, Aldo Solar will distribute approximately 600 MW of JinkoSolar's new N-type ultra-efficiency Tiger Neo modules. This agreement positions Brazil as the first market in Latin America for these advanced panels. Pre-sale is expected to begin in July 2022. JinkoSolar continues to innovate within the solar sector, responding to increasing demand for clean energy solutions globally.
- New distribution agreement with Aldo Solar for 600 MW of N-type Tiger Neo modules.
- Brazil becomes the first Latin American market for JinkoSolar's ultra-efficiency modules.
- Aldo Solar holds a 30% market share in the Distributed Generation segment in Brazil.
- None.
Aldo Solar will be the first in Latin America to distribute N-type ultra-efficiency modules that correspond to approximately 600 MW in the Distributed Generation market
MARINGA, Brazil, May 27, 2022 /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 its principal operating subsidiary, Jinko Solar Co., Ltd. has signed a new distribution agreement in Latin America with Aldo Solar. Aldo Solar, which stands out as the largest distributor of solar energy solutions in the country with a market share of aproximately
At the end of last year, the companies announced the signing of the largest distribution agreement for Distributed Generation ever signed by Jinko Solar Co., Ltd. outside China.
And now, this new agreement with Aldo Solar makes Brazil the first market in Latin America to make JinkoSolar 's new N-type modules available and marks the signing of the world's largest contract for the distribution of N-type ultra-efficiency photovoltaic modules from the Tiger Neo family of JinkoSolar.
Under this agreement, approxiamately 600 MW of power from the Tiger Neo family is expected to be distributed. The new panels are expected to be available at Aldo Solar for pre-sale starting in July.
"The global photovoltaic market is entering a new era with unprecedented speed. The need to address different electricity application scenarios and the urgency of governments and industries for energy transformation have raised the demand for solar energy to a new level," said Kangping Chen, CEO of Jinko Solar Co., Ltd.
Mr. Alberto Cuter, General Manager of JinkoSolar for Italy and Latin America commented, "JinkoSolar's N-type Tiger Neo represents state-of-the-art innovation in the solar industry and we are proud that Aldo Solar, with its pioneering spirit and relevance in the Brazilian photovoltaic distribution market, chose this product for their distributios business, which once again demonstrates its commitment to offer the best technology to the Brazilian market. We are very excited about this partnership between the two main important players in the Brazilian market.
According to Mr. Aldo Teixeira, founder and CEO of Aldo Solar, "from our first agreement with JinkoSolar to a long-term partnership, we seek to bring to the market the most innovative and disruptive in solar panels. I am sure that the new line of N-type photovoltaic panels will bring a revolution to the market, with the best solution and cost-effectiveness for consumers".
"I am sure that in the next two or three years it will be the main panel technology available on the market. Therefore, I would like to thank JinkoSolar on behalf of our resellers and installers, as well as the entire Aldo Solar team. Through this partnership, we hope to spread solar energy even more and offer surprising conditions of clean and cheaper energy to all Brazilians", concludes the CEO of Aldo Solar.
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, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 40.0 GW for mono wafers, 40.0 GW for solar cells, and 50.0 GW for solar modules, as of March 31, 2022.
JinkoSolar has 12 productions facilities globally, 21 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, UAE, and Denmark, and global sales teams in mainland China, the United States, Canada, Germany, Switzerland, Italy, Japan, Australia, Korea, India, Turkey, Chile, Brazil, Mexico and Hong Kong, as of March 31, 2022.
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
About ALDO:
ALDO, headquartered in Maringá - PR, has been in the market for 39 years and is a leader in solutions for solar energy generation in the country. ALDO has ISO 9001, ISO 14001 and ISO 45001 certifications, is associated with ABSOLAR (Brazilian Photovoltaic Solar Energy Association and actively participates in the PNRS – National Solid Waste Program through ALDO Crazy Recicla. world, a new attitude", ALDO is getting ready to celebrate its 40th anniversary in 2022, even more sustainable and innovative.
More information: https://www.aldo.com.br/
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SOURCE JinkoSolar Holding Co., Ltd.
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