JACKSONVILLE, Fla.,
Sept. 27, 2021 /PRNewswire/
-- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the
"Company") (NYSE: JKS), one of the largest and most innovative
solar module manufacturers in the world, today announced that the
Company is investing $500 million to
build a monocrystalline ingot and wafer manufacturing facility in
Quảng Ninh Province, Vietnam. JinkoSolar has begun to work on the
facility, which is expected to have an annual capacity of 7GW to
support its existing overseas production facilities. JinkoSolar is
committed to ensuring the long term stability of its global supply
chain and reliable sales network.
As the first PV project launched in the Quảng Yên Coastal
Economic Zone of Quảng Ninh
Province, the facility is fully aligned with local
development goals for clean and environmentally friendly
industries. The project received approval from the local government
in early 2021 and is expected to be operational in the first
quarter of 2022.
Mr. Nigel Cockroft, General
Manager of JinkoSolar (U.S.) Inc. commented, "The decision to build
a facility in Vietnam is one
component of our strategy to ensure the long-term stability of our
global supply chain. This facility enables the use of raw material
inputs from a variety of countries, thus increasing the amount of
local content used in our modules, and especially in the modules
produced in the Jacksonville,
Florida facility. We have accumulated years of experience in
the construction and management of global production facilities,
while refining and cultivating an employee-oriented workplace
environment to foster continuous innovation. For this project, we
selected industry-leading crystal pulling and wafer slicing
equipment to match the advanced technology and high production
processes of our state-of-the-art cell and module plants. We expect
demand for clean energy to continue to accelerate over the next few
years and will continue to optimize our global supply chain
management to ensure the steady supply of premium modules to our
customers."
"This country needs a smart approach to energy policy, and
Jacksonville-based JinkoSolar US
is providing good, high-paying jobs in a state-of-the-art solar
facility," said Congressman John
Rutherford (R-FL). "I congratulate them on their
efforts to provide a U.S. supply chain which increases business
certainty and ensures JinkoSolar US will continue to flourish in
Jacksonville."
"I am proud to have a leader in renewable energy in my own
backyard, employing hundreds of Floridians at its facility," said
Congressman Al Lawson (D-FL). "With
this new $500 million announcement,
JinkoSolar US is clearly committed to a supply chain that helps
realize the energy goals of the Biden Administration."
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 27 GW for mono wafers,
12 GW for solar cells, and 31 GW for solar modules, as of
June 30, 2021.
JinkoSolar has 9 productions facilities globally, 22overseas
subsidiaries in Japan,
South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico,
Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Hong
Kong, Denmark, and global
sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi
Arabia, Tunisia,
Morocco, South Africa, Costa
Rica, Colombia,
Panama, Kazakhstan, Malaysia, Myanmar, Sri
Lanka, Thailand,
Vietnam, Poland and Argentina, as of June
30, 2021.
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.