JinkoSolar Once Again Achieves AAA Rating in PV Tech Q4 2024 Bankability Report, Leading Global PV Innovation

JinkoSolar, the global leading PV and ESS supplier, recently has once again achieved the highest AAA rating in the Q4 2024 Module Tech Bankability Ratings Report released by PV Tech. This recognition highlights its outstanding technological innovation, robust financial performance, global market leadership, and contributions to sustainable development. JinkoSolar’s continuous leadership in this rating further solidifies its position as a leading global photovoltaic brand.

JinkoSolar has always prioritized technological innovation as its core driving force. In Q4 2024, the third-generation Tiger Neo photovoltaic modules, built on the HOT 4.0 technology platform, achieved a module conversion efficiency of up to 24.8% and a bifacial rate of up to 85%. The mainstream production power of these modules is 40W higher than other products in the market, with a maximum output of 670W. Additionally, the modules have optimized series resistance, resulting in superior power generation performance under low-light conditions, setting a new industry benchmark and attracting significant market attention. In the field of N-type TOPCon, JinkoSolar holds a global first in technology reserves with 460 authorized patents and plans to increase cell efficiency by 0.5 percentage points annually, continuously leading industry technological upgrades.

With its leading N-type TOPCon technology, high market share in overseas markets, and a global patent portfolio, JinkoSolar demonstrates stronger operational resilience compared to its peers. The company’s products are recognized and welcomed by customers in over 200 countries and regions worldwide. By the end of 2024, JinkoSolar’s total module shipments exceeds 300GW, marking the fifth consecutive year as the global leader in module shipments. Among these, the Tiger Neo N-type TOPCon modules, launched just two years ago, have already achieved shipments of 150GW. In 2024, the Tiger Neo modules recorded quarterly sales of over 20GW, making them the best-selling module type globally for six consecutive quarters.

As a photovoltaic industry leader that has continuously achieved the highest AAA rating in PV Tech’s bankability reports, JinkoSolar will continue to drive innovation, promote technological iteration and cost optimization, and provide more efficient and reliable solutions for the global energy transition.

Legal Statement

About JinkoSolar Holding Co., Ltd.

Jinko Solar Co., Ltd. (the “Company”, or “Jinko Solar”) (SSE: 688223) is one of the most famous and innovative solar technology companies in the world. Its business covers the core links of the photovoltaic industry chain, focusing on the R&D of integrated photovoltaic products and integrated clean energy solutions. At present, Jinko Solar’s products serve more than 3,000 customers in more than 160 countries and regions around the world, and the company has ranked No.1 in global module shipments from 2016 to 2019. By the end of Q1,2023, the cumulative module shipments of Jinko Solar have exceeded 150GW. Jinko Solar is an industry opinion leader under various international frameworks such as B20, and it is also one of the first solar energy companies to join the RE100 green initiative.

Jinko Solar is the first company to establish a “vertically integrated” production capacity from silicon material processing to wafer, cell and module production in the industry. It has a total of 14 global production bases in China, the United States, Malaysia and Vietnam. JinkoSolar expects its annual production capacity for mono wafer, solar cell and solar module to reach 75.0 GW, 75.0 GW and 90.0 GW, respectively, by the end of 2023. Jinko Solar has more than 1,000 R&D and technical employees and has won many honors such as “National Enterprise Technology Center”, “National Technology Innovation Demonstration Enterprise”, “Champion of Manufacturing “, and has formulated many international and domestic industry standards such as IEC. Jinko Solar continuously expands the diversified application scenarios of photovoltaic technology, including building-integrated photovoltaic, photovoltaic hydrogen production, energy storage and other fields, and strives to create a new energy ecosystem.

Jinko Solar was listed on the STAR Board of the Shanghai Stock Exchange in 2022, and JinkoSolar Holding Co., Ltd., its indirect controlling shareholder, was listed on the New York Stock Exchange in 2010.

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:

Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com