Module manufacturer opens French subsidiary and office in Montpellier, France
SHANGHAI and MONTPELLIER, January 10, 2012 – JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), a fast-growing, vertically integrated solar power product manufacturer based in China, today announced the incorporation of its French subsidiary JinkoSolar S.A.S. and the opening of its French office in Montpellier, in the province of Languedoc-Roussillon. The new location will support JinkoSolar’s local partners and complement the growth of the region’s solar industry.
“Since JinkoSolar established its commercial presence in France in 2009, the French solar market has become one of our top targets in Europe. Our physical and legal presence in France is part of our strategy to establish a sustainable and long-term presence in this market. We have sold over 20 MW of modules in 2011 alone and by locating our office and subsidiary in the middle of what could be called the French Sun Belt in Montpellier, we are better able to serve our local partners and to anticipate the future of the PV market in France,” said David Li, JinkoSolar’s Chairman.
The new office will be located in the first energy positive office building of the Languedoc-Roussillon Region. The building, which is called the Montpellier International Business Incubator (MIBI), was developed and is currently managed by Montpellier Agglomeration, the local government administrative authority responsible for business development in the greater Montpellier area. The building is 3,500sqm of total surface dedicated to serving international businesses and is one of the first Positive Energy Buildings in the South of France, with 700sqm of PV module installations. The annual estimated production of the panels installed equate to 76,630kWh/year, yielding 27 tons of CO2 emissions saved every year.
JinkoSolar is conscious of the company’s carbon footprint throughout its entire operation and supply chain and specifically chose the MIBI building for its nod towards energy efficiency and outstanding solar production.
Earlier this year, France introduced open tenders for large-scale solar energy projects, once again validating JinkoSolar’s decision to expand its operations in the region. “The French market is evolving with the introduction of the new open tenders’ framework. JinkoSolar is working with its local partners to prepare answers to the open tenders, demonstrating its willingness to innovate both technically and competitively in the French market,” concluded Li.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a fast-growing, vertically integrated solar power product manufacturer with cost efficient operations based in Jiangxi Province and Zhejiang Province in China and sales and marketing offices in Shanghai, China, Munich, Germany, San Francisco, U.S., Bologna, Italy, Montpellier, France and Zug. Switzerland. JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately1.2 GW each for silicon ingots, wafers, solar cells and solar modules as of September 30, 2011. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market; including Italy, Germany, Belgium, Spain, the United States, France, Eastern Europe, China and other countries and regions.
Safe Harbor Statement
This press release may contain 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,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Such statements involve inherent 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 public filings with the Securities and Exchange Commission, including its annual report on Form 20-F for the fiscal year ended December 31, 2010 filed with the Securities and Exchange Commission on April 25, 2011, as amended on May 10, 2011 and September 2, 2011. All information provided in this press release is as of January 10, 2012. Except as required by law, JinkoSolar undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.