JinkoSolar Announces 1.3 MW Solar Module Supply Agreement with Leading U.S. Solar Integrator Premier Power

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Jan 07, 2011, 12:31 ET

SHANGHAI, Jan. 7, 2011 /PRNewswire-Asia-FirstCall/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) ("JinkoSolar"), a fast-growing vertically integrated solar product manufacturer with low-cost operations based in China, announced today that it has entered into a module supply agreement with Premier Power Renewable Energy, Inc. ("Premier Power"), a leading photovoltaic system integrator based in California. Under the terms of the agreement, JinkoSolar will supply Premier Power with 1.3 megawatts of multi-crystalline solar modules in the first quarter of 2011.

The agreement enables Premier Power to expand its product portfolio to include another high-quality supplier with cost-efficient manufacturing. JinkoSolar continuously improves the quality and cost of its products through its vertical integration, proprietary technology, equipment updates and strict quality control procedures in accordance with ISO 9001 quality management standards. JinkoSolar has received CE and TUV certifications for all solar modules sold in Europe and UL certifications for all solar modules sold in the United States.

"Premier Power has always sought to be an innovative leader in solar energy integration systems. We welcome JinkoSolar to our group of strategic suppliers, with whom we work closely on a continual basis to maximize performance and drive down costs," said Dean Marks, chairman and chief executive officer of Premier Power.

"We are excited to develop a long-term customer relationship with a leading global solar player like Premier Power," said JinkoSolar's Chairman of the Board of Directors, Mr. Xiande Li. "Our products are among the most efficient, affordable and reliable products available today. Our vertically integrated manufacturing platform provides a more efficient production process with shorter product development and production cycles as well as better control over quality and lower costs compared to less vertically integrated solar power companies. We're pleased that we were selected by Premier Power for this supply agreement to the U.S. as we look to expand our geographic presence and capitalize on the growth of the U.S. solar market."

About Premier Power Renewable Energy, Inc.

Premier Power Renewable Energy, Inc. is a leading global provider of large and small-scale solar power systems, delivering unmatched experience to commercial, governmental and residential customers throughout North America and Europe. Premier Power designs, engineers and integrates the solar industry's leading products. Premier Power's technologies and services have enabled its customers to maximize clean energy output along with project savings. Today, Premier Power designs and deploys the most innovative solar electric systems through market-leading innovation and exceptional customer service. Premier Power is headquartered in El Dorado Hills, CA and has common stock quoted on the OTC Bulletin Board under the symbol PPRW.OB. Additional information is available at the Company's website at www.premierpower.com.

About JinkoSolar Holding Co., Ltd.

JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a fast-growing vertically integrated solar power product manufacturer with low-cost operations, based in Jiangxi Province and Zhejiang Province in China. JinkoSolar has built a vertically integrated solar product value chain from recovered silicon materials to solar modules. JinkoSolar's principal products are solar modules, silicon wafers and solar cells. As of June 30, 2010, JinkoSolar had an aggregate of approximately 300 customers for its solar modules, solar cells and silicon wafers from China, Germany, Hong Kong, India, Italy and other countries or regions. For more information about JinkoSolar, please visit http://www.jinkosolar.com.

Forward-Looking Statements

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 involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks outlined in the Company's public filings with the Securities and Exchange Commission, including the Company's registration statement on Form F-1, as amended. All information provided in this press release is as of January 7, 2011. Except as required by law, the Company 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.

For JinkoSolar's investor and media inquiries please contact:

In China:

Yvonne Young
JinkoSolar Holding Co., Ltd.
Tel: +86-21-6106-4018
Email: [email protected]

Derek Mitchell
Ogilvy Financial, Beijing
Tel: +86-10-8520-6284
Email: [email protected]

In the U.S.:

Jessica Barist Cohen
Ogilvy Financial, New York
Phone: +1-646-460-9989
E-mail: [email protected]