Shanghai, June 18, 2021 – JinkoSolar Holding Co., Ltd. (the “Company” or “JinkoSolar”) (NYSE: JKS), one the largest and most innovative solar module manufacturers, today announced to deliver 1.2MWh of energy storage system to West Africa. JinkoSolar’s experience in solar, storage, complex multi-application systems resulted in offering a new solution in African market: integrating batteries, Power Conditioning System (PCS), DC modular, switch cabinets, with EMS software. This all-in-one, fully integrated modular and compact solution minimizes complexity of deployment activities, and delivers the lowest lifecycle costs.
JinkoSolar’s DC coupled battery storage system can meet project requirements of varying scale and is suitable for various environmental conditions, making it an ideal solution for grid ancillary services and C&I applications while ensuring reliability and safety. The potential advantage of this DC coupled solution Includes improved system efficiency, lower balance of plant costs, and clipped solar recapture. With storage attached to the solar system, the batteries can be charged with excess solar generation when the PV reaches its peak and would otherwise begin clipping. The stored energy can be introduced into the grid at the appropriate time, maximizing the value of the system’s generation. The flexibility and broad capabilities of the EMS software enable effective and efficient control and management over the entire system, compatible with solar, wind, grid, and diesel engines.
“For us, this is a milestone project of delivering ESS system to Africa. It is one of our initial storage projects globally on this scale using DC-coupling. Africa is a very promising market for energy storage due to relatively poor state grid infrastructure and high electricity price, there is a strong potential to replace peaker gas or cola fired plants in Africa with cleaner alternatives like solar made dispatchable using batteries,” said Gener Miao, CMO of Jinkosolar.
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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.
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:
Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@jinkosolar.com
