JinkoSolar Has Signed A Master Module Supply Agreement With Con Edison Development in the U.S.

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Sep 15, 2016, 06:50 ET

SHANGHAI, Sept. 15, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar photovoltaic (PV) industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) Inc., has entered into a Master Module Supply Agreement ("MSA") with CONSOLIDATED EDISON DEVELOPMENT, INC. ("CED"), a New York State-based developer, owner and operator of large-scale renewable energy projects.

In accordance with the MSA and multiple Purchase Order issued thereunder, JinkoSolar will supply high-efficiency polycrystalline 72-cell modules, totaling approximately 560 MW in capacity, to CED through August 2017. The Company has already begun shipping modules to project sites. JinkoSolar modules will be used to power various CED projects across multiple states in the U.S.

"We are proud to have reached another significant milestone through this supply agreement with Con Edison Development," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "JinkoSolar's strong momentum in the U.S. solar industry is a direct result of our company's dedication to reliability in both module performance and customer support."

"JinkoSolar has a clear understanding of the energy marketplace in which we operate," said Mark Noyes, President and CEO of Con Edison Development. "It is important that our company continuously improves solar system efficiency in order to remain competitive with other energy sources. JinkoSolar's product roadmap and operational excellence are perfect fits for our company."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a global leader in the solar industry. 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 3.5 GW for silicon ingots and wafers, 3.5 GW for solar cells, and 6.5 GW for solar modules, as of June 30, 2016. JinkoSolar also sells electricity in China, and had connected approximately 1,130 MW of solar power projects to the grid, as of June 30, 2016.

JinkoSolar has over 15,000 employees across its 6 productions facilities in Jiangxi, Zhejiang and Xinjiang Provinces, China, Malaysia, Portugal and South Africa, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, Spain, United States, Canada, Mexico, Brazil, Chile, Australia and South Africa. 18 global sales offices in China (2) ,United Kingdom, Bulgaria, Greece, Romania, United Arab Emirates, Jordan, Saudi Arabia, Kuwait, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Brazil and Mexico.

To find out more, please see: www.jinkosolar.com

About Con Edison Development

Con Edison Development (CED) develops, owns and operates renewable and energy infrastructure projects. The company is one of the largest owners and operators of solar projects in North America.

Con Edison Development is focusing on renewable energy assets as part of a growth strategy and an overall corporate goal of responsible environmental stewardship. Through its deep resources and trusted relationships with a range of energy-related companies, CED has successfully developed, and owns and operates facilities generating more than 1,400 MW DC/ 1,100 MW AC of renewable power across California, Arizona, Nevada, Texas, Nebraska, New Jersey, Massachusetts, Pennsylvania, South Dakota and Rhode Island.

Con Edison Development is one of the competitive energy businesses of Consolidated Edison, Inc. [NYSE: ED], the nation's oldest and one of the largest investor-owned energy companies, with approximately $13 billion in annual revenues and $45 billion in assets. More information can be obtained by calling 914- 993-2185. You can also visit the Consolidated Edison, Inc. website at www.conedison.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:

In China:

Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21 5183 3056
Email: [email protected]

SOURCE JinkoSolar Holding Co., Ltd.