Correction: "JinkoSolar to Supply Utility Scale Storage to Athens Airport"

JinkoSolar Holding Co., (NYSE: JKS) announced on June 21, 2024, a partnership with kIEFER to supply its large scale battery storage, SunTera, to Athens International Airport (AIA).

Rhea-AI Summary

JinkoSolar Holding Co., (NYSE: JKS) announced on June 21, 2024, a partnership with kIEFER to supply its large scale battery storage, SunTera, to Athens International Airport (AIA). This initiative will support AIA's goal to achieve Net Zero Carbon Emissions by 2025. Upon completion, AIA will operate one of the largest self-consumption systems in any airport facility globally, making it the first international airport to achieve 100% self-consumption. Frank Niendorf, JinkoSolar's General Manager for Europe, emphasized the significance of this collaboration with kIEFER, highlighting the shared vision for sustainable energy and innovation.

Positive

• JinkoSolar's partnership with kIEFER to supply battery storage to Athens International Airport supports AIA's Net Zero Carbon Emissions goal by 2025.
• AIA will operate one of the largest self-consumption systems in an airport facility globally upon project completion.
• This project marks the first utility scale storage system in Greece connected with a photovoltaic system.

Negative

• Correction issued regarding the size of AIA's self-consumption system, indicating a less significant scale than initially stated.

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In the news release, "JinkoSolar to Supply Utility Scale Storage to Athens Airport", issued on June 21, 2024 by JinkoSolar Holding Co., Ltd. over PR Newswire, we are advised by the company that the first paragraph, the last sentence, should read "When completed, AIA will operate one of the largest self-consumption systems in an airport facility worldwide," rather than " When completed, AIA will operate the largest self-consumption system in an airport facility worldwide," as originally issued inadvertently. Complete, corrected release follows:

JinkoSolar to Supply Utility Scale Storage to Athens Airport

MUNICH, June 21, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, announced today that it has entered into a Heads of Terms with kIEFER to supply its large scale battery storage, SunTera to Athens International Airport (AIA), hence supporting its commitment to achieve Net Zero Carbon Emissions by 2025. When completed, AIA will operate one of the largest self-consumption systems in an airport facility worldwide, and will be the first International Airport globally with 100% self-consumption.

Frank Niendorf, General Manager Europe at JinkoSolar, commented: "We are thrilled to partner with kIEFER in this brand-new era of solar energy storage systems in Greece. This emblematic project is the first utility scale storage system to be installed in connection with photovoltaic system awarded in Greece and we are excited to embark on this journey with a partner like kIEFER, whose dedication to green transition through innovation aligns perfectly with our own vision, to take responsibility for enabling a sustainable future by providing a one-stop solution for clean energy."

"We're delighted about this partnership with Jinko," said Christos Petrocheilos, General Manager at Kiefer. "SunTera perfectly aligns with our sustainable energy vision, and we believe this collaboration will greatly benefit our customers."

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 utility-scale, commercial and residential customers in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had 14 productions facilities globally, 26 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and a global sales network with sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of March 31, 2024.

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:

Ms. Stella Wang

JinkoSolar Holding Co., Ltd.

Tel: +86 21-5180-8777 ext.7806

Email: pr@jinkosolar.com

View original content:https://www.prnewswire.com/news-releases/jinkosolar-to-supply-utility-scale-storage-to-athens-airport-302178972.html

SOURCE JinkoSolar Holding Co., Ltd.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the recent announcement by JinkoSolar on June 21, 2024?

JinkoSolar announced a partnership with kIEFER to supply large scale battery storage, SunTera, to Athens International Airport, supporting its Net Zero Carbon Emissions goal by 2025.

What is significant about Athens International Airport's new system?

Upon completion, Athens International Airport will operate one of the largest self-consumption systems in an airport facility globally, achieving 100% self-consumption.

What correction was made in JinkoSolar's press release on June 21, 2024?

The correction clarified that AIA will operate one of the largest self-consumption systems in an airport facility worldwide, rather than the largest.

What is JinkoSolar's stock symbol?

JinkoSolar's stock symbol is JKS.

Who is JinkoSolar partnering with for the Athens International Airport project?

JinkoSolar is partnering with kIEFER for the Athens International Airport project.