JinkoSolar Joins 49 Global Businesses to Urge Governments to Step up Fight Against Climate Change
SHANGHA: JinkoSolar Holding Co., Ltd. (“JinkoSolar” or “Company”), (NYSE code：JKS) the world’s reputable solar module manufacturers, today joined 49 major global businesses with total revenue of US$1.3 trillion in signing an open letter urging governments to increase collaboration and step up the fight against climate change.
Leaders from the Forum’s Alliance of Climate Action CEOs are committed to using their positions to help meet the Paris Climate Agreement goals. Thirty of the companies that signed the open letter reduced their emissions by 9% (more than 47 million metric tonnes in absolute terms) between 2015 and 2016, the equivalent of taking ten million cars off the road for one year.
The open letter was signed ahead of the UNFCCC climate conference in Katowice, Poland where government leaders met this week to review progress towards delivering on the goals set in 2015.
Alliance leaders call for greater public-private cooperation to accelerate effective carbon pricing mechanisms and policies to incentivize low-carbon investment and drive demand for carbon-reduction solutions. They also highlight the business case for cutting emissions to generate wider support in the private sector.
JinkoSolar announced its unaudited financial results for the third quarter ended September 30, 2018. Total solar module shipments hit JinkoSolar’s record high of 2,953 MW, an increase of 5.7% sequentially and 24.4% year-over-year. Total revenues were RMB6.69 billion (US$974.8 million), an increase of 10.5% from the second quarter of 2018 and an increase of 4.3% from the third quarter of 2017. For the full year 2018, the Company estimates total solar module shipments to be in the range of 11.5 GW to 11.8 GW.
“This is one of the last chances we have to reverse course and we should act now before it’s too late, especially when grid parity is just around the corner,” commented Mr. Kangping Chen, Chief Executive Officer of JinkoSolar.
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is a world-renowned solar module manufacturer. 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 9.2 GW for silicon wafers, 6.5 GW for solar cells, and 10.0 GW for solar modules, as of September 30, 2018.
JinkoSolar has over 12,000 employees across its 6 productions facilities globally, 15 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia and United Arab Emirates, and global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Kenya, South Africa, Costa Rica, Colombia, Panama 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.
