JinkoSolar Enters into an Agreement with Ygrene Energy Fund
SHANGHAI -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) ("JinkoSolar"), a global leader in the photovoltaic ("PV") industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) INC., ("JinkoSolar US") has entered into an agreement with Ygrene Energy Fund ("Ygrene"), to integrate JinkoSolar's high quality solar modules into Ygrene's PACE (property assessed clean energy) financing program, Ygrene, for residential and commercial PV systems in the United States.
The Jinko-Ygrene partnership offers zero-down, 100% project financing to homeowners and business owners who want to own solar systems. Eligibility is not based on credit score and property owners will receive full access to the 30% federal solar Investment Tax Credit. Contractors benefit from Ygrene financing because they are paid immediately after property owner sign-off at project completion.
"We are pleased to select JinkoSolar as a Preferred Module Partner, combining Ygrene's low cost financing with modules that have a reputation for the highest quality and reliability," noted Mike Cary, Chief Operating Officer of Ygrene. "Ygrene has approved over $400 million in energy efficiency upgrade projects, and this partnership will help us offer customers low-cost solar solutions while helping cities and counties increase levels of renewable energy."
"Innovative PACE financing is a major opportunity for growth in residential and commercial sales, so we are excited to offer this joint program with Ygrene, as we continue to expand our footprint in the US," said Mr. Nigel Cockroft, general manager of JinkoSolar (U.S.) Inc. "We believe the Jinko-Ygrene program offers the customer an optimal path to ownership of solar systems."
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 GW for silicon ingots and wafers, 2.5 GW for solar cells, and 4 GW for solar modules, as of June 30, 2015. JinkoSolar also sells electricity in China, and has connected approximately 725 MW of solar power projects to the grid, as of June 30, 2015.
JinkoSolar has over 15,000 employees across its 5 productions facilities in Jiangxi and Zhejiang Provinces, China, Malaysia, Portugal and South Africa, 13 global sales offices in China, Spain, the United Kingdom, the United Arab Emirates, Jordan, Saudi Arabia, Egypt, Morocco, Kenya, Ghana, Brazil, Costa Rica and Mexico and 11 oversea subsidiaries in Germany, Italy, Switzerland, the United States, Canada, Australia, Singapore, Japan, India, South Africa and Chile.
To find out more, please see: www.jinkosolar.com
About Ygrene Energy Fund
Ygrene Energy Fund is a leading provider of clean energy financing for residential and commercial properties throughout the United States. The award winning, privately funded Ygrene program provides immediately accessible financing with no upfront costs for energy efficiency, renewable energy, water conservation and, in certain areas, hurricane protection, electric vehicle charging stations and seismic upgrades.
Ygrene is committed to making it easy for families to invest in their future and a healthier environment. Over the next five years, Ygrene is projected to create tens of thousands of local jobs and invest hundreds of millions into local economies. Learn more at ygrene.com.
For investor and media inquiries, please contact:
In China:
Sebastian Liu JinkoSolar Holding Co., Ltd. Tel: +86 21-6061-1792 Email: pr@jinkosolar.com
In USA: ygrene@missionc2.com
