JinkoSolar Ranked as the Most Bankable Solar Module Company in BloombergNEF's 2024 PV Module Bankability Survey

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JinkoSolar (NYSE: JKS) has achieved a significant milestone by becoming the most bankable solar module company in BloombergNEF's 2024 PV Module Bankability Survey, securing a perfect 100% bankability rating. This recognition stems from the company's robust financial position, technological innovations, and proven product reliability.

The company's achievements include:

• Total module shipments exceeding 300GW by end of 2024
• Tiger Neo series modules reaching 140GW in cumulative shipments
• Presence in nearly 200 countries and regions

The latest Tiger Neo 3.0 series, utilizing N-type TOPCon technology, showcases impressive specifications:

• Power ratings over 670W
• Maximum module efficiency of 24.8%
• Bifaciality up to 85%
• 3.38% increase in power generation from high bifaciality
• 3.14% reduction in Levelized Cost of Electricity (LCOE)

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Data tracked by StockTitan Argus on the day of publication.

SHANGRAO, China, March 5, 2025 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it was ranked as the most bankable solar module company in the 2024 PV Module Bankability Survey by Bloomberg New Energy Finance (BloombergNEF). JinkoSolar was the only solar module company to receive a 100% bankability rating in this year's survey, thanks to its strong financial position, cutting-edge technological innovations, and proven product reliability.

As one of the most trusted research institutions in the renewable energy sector, BloombergNEF's annual bankability report is a key reference for financial institutions assessing credit risks for solar projects. This year's survey gathered insights from major industry stakeholders, including global banks, investment funds, independent power producers (IPPs), and technical advisors, evaluating module manufacturers based on market share, reliability, after-sales service, project execution, and financial stability.

By the end of 2024, JinkoSolar's total module shipments surpassed 300GW, with Tiger Neo series modules alone exceeding 140GW in cumulative shipments, serving customers across nearly 200 countries and regions. The latest Tiger Neo 3.0 series, built on industry-leading N-type TOPCon technology, delivers power ratings exceeding 670W, with a maximum module efficiency of 24.8% and bifaciality reaching up to 85%. The high bifaciality alone can contribute to an approximate 3.38% increase in overall power generation, with even greater gains in high-reflectivity environments. Beyond higher energy yield, the enhanced bifaciality also improves project economics, reducing the Levelized Cost of Electricity (LCOE) by 3.14%, ensuring greater financial benefits for solar investments while delivering safe, efficient, and cost-effective clean energy solutions worldwide.

"The results of this survey underscore how JinkoSolar leads the industry as the preferred solar partner for financial institutions and the top choice for project developers," commented Ms. Dany Qian, Vice President of JinkoSolar. "Looking ahead, JinkoSolar will continue to invest heavily in R&D, with N-type technology as its foundation while driving collaborative innovation in integrated "solar + storage" solutions. JinkoSolar aims to accelerate the global transition to sustainable energy with the most competitive green energy products available. "

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 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, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had over 10 productions facilities globally, over 20 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 September 30, 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:

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

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SOURCE JinkoSolar Holding Co., Ltd.

FAQ

What makes JinkoSolar's Tiger Neo 3.0 modules stand out in the 2024 market?

Tiger Neo 3.0 modules feature power ratings over 670W, 24.8% efficiency, 85% bifaciality, and reduce LCOE by 3.14%, using N-type TOPCon technology.

How many gigawatts of solar modules has JKS shipped globally by 2024?

JinkoSolar's total module shipments exceeded 300GW by the end of 2024, with Tiger Neo series alone reaching 140GW in cumulative shipments.

What was JinkoSolar's bankability rating in BloombergNEF's 2024 survey?

JinkoSolar received a 100% bankability rating, ranking as the most bankable solar module company in BloombergNEF's 2024 survey.

How much can JKS Tiger Neo's bifaciality improve power generation?

The high bifaciality of Tiger Neo modules can contribute to a 3.38% increase in overall power generation, with greater gains in high-reflectivity environments.

How many countries does JinkoSolar serve with its solar products?

JinkoSolar serves customers across nearly 200 countries and regions globally.