JinkoSolar Ranked as Top Solar Brand Used in Debt-Financed Projects and Most “Bankable” PV Manufacturer by Bloomberg New Energy Finance
SHANGHAI: JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE:JKS), a global leader in the solar PV industry, today announced that in addition to being ranked as a top solar brand in debt financed projects, it was named the most “bankable” PV manufacturer by Bloomberg New Energy Finance (BNEF) among 57 module brands. The rankings are based on BNEF’s global survey to key PV stakeholders on which module brands used in projects are most likely to obtain non-recourse debt financing from commercial banks.
Survey respondents include banks, technical consultants, EPCs, and independent power producers (IPPs) from all around the world. Considering product quality, long term reliability, field deployment performance, and the manufacturer’s financial strength, 100% of survey respondents considered JinkoSolar as bankable. Aligning with JinkoSolar’s high bankability score, BNEF’s database also shows that projects using JinkoSolar’s modules has secured more debt financing than any other brand since July 2016.
“The result of this survey confirms that JinkoSolar is the most preferred brand by banks, the top brand that industry players are most willing to use in their projects, and also the top brand that source of finances are most willing to fund,” said Kangping Chen, CEO of JinkoSolar. “We maintained our position as one of the largest manufacturer of PV modules in the world by delivering 9.8GW modules in 2017 thanks to our continuous endeavors in quality and technology improvements. We will continue invest in quality to assure delivery of power and performance in the field with a higher level of product quality and reliability as we pursue further growth both in established markets and emerging ones.”