Jinko Solar Holding Co. Ltd., one of the largest and most innovative solar module manufacturers in the world, and ALDO Solar, which stands out among the leading distributors of solar power equipment of the country, announce a long-term partnership in one of the most important distribution deals ever signed by Jinko Solar.
“Brazilian DG Market is actually growing impressively and represents the first key market for Jinko in Latin America. We are delighted that Aldo Solar, one of the most professional and experienced distributor in Brazil, decided to put their trust in the superior quality of Jinko Solar Modules for this huge distribution agreement which represents a milestone in Jinko Solar’s history” said Mr. Alberto Cuter, General Manager of Jinko Solar for Latin America and Italy.
This agreement between Jinko Solar, as the largest solar manufacturer, and Aldo Solar, as the largest distributors in Brazil, represents the first important step of a very long partnership between our two companies.
Globally Jinko Solar projects for 2020 a growth from 16 to 20 GW in power. In Brazil, Jinko Solar's operations began in 2012 and the company is already a leader in Latin America market share.
The commitment between Jinko Solar and ALDO Solar represents the first step towards a successful and long-term partnership between the two companies. Jinko Solar's MONO PERC CHEETAH HALF CELL 400W solutions will be marketed and distributed by ALDO throughout Brazil starting today, January 21st. ALDO becomes the hub of Jinko Solar in Brazil, with local inventory and prompt delivery of equipment for Distributed Generation.
Brazilian executive Gustavo Tegon, Head of Sales at Jinko Solar, states that the Brazilian market is one of Jinko's largest in the world in Distributed Generation and that 2020 will be a year of consolidation and exponential growth for the company in the country. “We are looking for partners who have the same values as Jinko and who also crave solid, long-term relationships. We trust that the synergy with Aldo, among many other actions of the company nationally, will be fundamental to achieve the desired success”, explains Tegon.
According to Aldo Pereira Teixeira, president and founder of ALDO Solar “the partnership with Jinko Solar marks an important step for the Brazilian photovoltaic solar market with the strength of two leaders in its segments. We thank the company for the trust and we are confident of the successful distribution of Jinko solutions in Brazil, reinforcing our commitment to always be ahead with the best partners and products. With this partnership we hope to further diffuse solar energy and offer amazing conditions for clean and affordable energy to all Brazilians.
Legal Statement
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 11.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of December 31, 2019.
JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland 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.
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
