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JinkoSolar Holding Co., Ltd. reports developments tied to its photovoltaic manufacturing business and its NYSE-listed American depositary shares. The company operates across the solar product value chain, with silicon wafers, solar cells and solar modules sold under the JinkoSolar brand, including Tiger Neo modules. Its updates also cover energy storage systems and integrated solar-plus-storage solutions for utility, commercial and residential customers across international markets.
Recurring news themes include quarterly and annual financial results, module shipment trends, overseas market demand, photovoltaic product pricing, technology updates involving N-type TOPCon and perovskite tandem solar cells, U.S. manufacturing and supply-chain activity, and disclosures from its majority-owned principal operating subsidiary, Jinko Solar Co., Ltd., also referred to as Jiangxi Jinko.
JinkoSolar Holding Co., (NYSE: JKS), a leading solar module manufacturer, has announced a cash dividend of US$0.375 per ordinary share or US$1.50 per American Depositary Share (ADS). The dividend will be paid to shareholders of record as of August 15, 2024, with an expected payment date of August 30, 2024. The total distribution is estimated at US$79 million.
CEO Xiande Li stated that this dividend reflects the company's confidence in its business prospects and commitment to rewarding shareholders, despite ongoing challenges in the global PV market. This move demonstrates JinkoSolar's financial stability and positive outlook for the future.
JinkoSolar Holding Co., (NYSE: JKS) has announced a significant joint venture in Saudi Arabia to manufacture high-efficiency solar cells and modules. The company's subsidiary, JinkoSolar Middle East DMCC, will partner with Renewable Energy Localization Company (RELC) and Vision Industries Company (VI) to establish a manufacturing facility with an expected annual production capacity of 10 GW for both solar cells and modules.
The joint venture's ownership structure will be 40% JinkoSolar Middle East, 40% RELC, and 20% VI. With a total investment of approximately US$1 billion, the project aims to enhance JinkoSolar's global manufacturing capabilities and contribute to Saudi Arabia's Vision 2030 goals for sustainable energy development.
JinkoSolar Holding Co., (NYSE: JKS) has once again topped the PV Tech 2024 Q2 ModuleTech Bankability Report with an AAA rating. The company's consistent high ratings are attributed to its substantial module shipments and strong financial health. In Q1 2024, JinkoSolar's subsidiary reported total revenue of 23.083 billion RMB and net profit of 1.176 billion RMB.
JinkoSolar's focus on innovation has led to 26 record-breaking achievements in cell conversion efficiency and module power output. The company's N-type Tiger Neo series has gained global recognition, being delivered to over 4000 customers in more than 140 countries. JinkoSolar aims to continue enhancing its technological capabilities and product competitiveness to support the global energy transition.
JinkoSolar (NYSE: JKS) announced it has repurchased 4,503,178 ADSs, valued at approximately $110.7 million, under its share repurchase program initiated in July 2022 and extended in December 2023. The program will continue until June 30, 2025, with $89.3 million still available for repurchases. The buybacks will occur through various methods including open-market and privately negotiated transactions, adhering to market conditions and regulatory rules such as Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934.
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.
On June 21, 2024, JinkoSolar announced a partnership with Kiefer to supply its large-scale battery storage system, SunTera, to Athens International Airport (AIA). This initiative will help AIA achieve Net Zero Carbon Emissions by 2025, making it the first airport worldwide to operate entirely on self-consumption. Frank Niendorf, General Manager Europe at JinkoSolar, expressed excitement over this pioneering project in Greece, aligning with both companies' commitment to sustainability. Christos Petrocheilos, General Manager at Kiefer, noted that the collaboration will significantly benefit their customers.
JinkoSolar, a leading solar module manufacturer, announced its subsidiary, Jinko Solar Denmark, has supplied high voltage residential storage solutions to SolarToday for the DACH and Benelux regions from June 2024. Frank Niendorf, JinkoSolar's VP for Europe, highlighted the growing European distributed generation market, emphasizing the strategic partnership with SolarToday to foster growth in the PV and ESS markets. SolarToday's CEO, Tom Engbers, expressed pride in partnering with JinkoSolar, noting their technological leadership and joint ambitions in the solar energy market, focusing on PV generation, ESS storage, and EV usage.
JinkoSolar (NYSE: JKS) announced a breakthrough in their N-type TOPCon solar module technology, achieving a record-high conversion efficiency of 25.42%, as verified by TÜV SÜD. The innovative module incorporates advanced technologies such as metalization enhancement, high-precision non-destructive patterning, and high-energy density hydrogen passivation. These innovations reduce internal resistance losses, significantly enhancing efficiency. This milestone demonstrates the potential for rapid mass production of the module, reinforcing N-type TOPCon's competitive edge in sustainable energy solutions.
JinkoSolar has been recognized as a Top Performer in the 2024 PV Module Reliability Scorecard by Kiwa PVEL, marking its tenth consecutive recognition in all reliability categories. This edition introduced a new Top Performer category for hail testing, where JinkoSolar's EAGLE G6 series was specially distinguished. JinkoSolar is one of only two manufacturers to achieve this consistent recognition across all ten editions, reflecting its commitment to quality, innovation, and market-leading solutions. The PV Module Reliability Scorecard highlights manufacturers excelling in Kiwa PVEL's Product Qualification Program tests.
JinkoSolar (NYSE: JKS), a prominent solar module manufacturer, announced a breakthrough in its N-type TOPCon-based perovskite tandem solar cell, achieving a record 33.24% conversion efficiency. Tested by the Shanghai Institute of Microsystem and Information Technology, this surpasses the previous 32.33% record. Leveraging innovations like ultra-thin poly-Si passivated contact and novel light-trapping technology, this advancement demonstrates the synergy between TOPCon and next-gen perovskite/silicon tandem cells, breaking the efficiency ceiling of single-junction silicon cells. JinkoSolar's extensive R&D has resulted in over 3,800 global patent applications, with 3,500 granted. CTO Dr. Jin Hao highlights this achievement as a testament to the company’s commitment to technological innovation, aiming to build a sustainable energy future.