Tag Archives: EUT

PR Newswire

ReneSola Power Secures US$12 Million Bridge Financing

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STAMFORD, Conn., July 24, 2020 — ReneSola Ltd (NYSE: SOL) (“ReneSola Power” or the “Company”), a leading fully-integrated solar project developer today announced that it successfully closed a bridge financing with Eiffel Energy Transition Fund to finance the construction of ReneSola Power’s 19 MW solar projects in Poland.

 

This new facility provides an injection of 10.64 million euros (US$12.1 million) of new capital.  It is the second bridge financing that Eiffel Energy Transition Fund has provided to ReneSola Power to support its project development and execution efforts in Poland and Hungary.

Mr. Yumin Liu, ReneSola Power Chief Executive Officer, commented, “We are excited to once again partner with Eiffel Energy Transition Fund. This new facility demonstrates their confidence in our ability to successfully develop and build projects in various target markets.  Despite ongoing challenging macro conditions related to COVID-19, we have begun construction of the 19 MW solar projects in Poland.  We are very pleased with our progress, and look forward to further supporting solar deployment in the years ahead.”

Mr. Pierre-Antoine Machelon, fund manager of Eiffel Energy Transition, said, “We are very pleased to build on our initial partnership with ReneSola Power to help expedite growth in the Polish market, and contribute to the acceleration of the renewable energy transition across the region. The strong engagement of ReneSola Power, coupled with the quality of the processes being put in place locally, were key in the selection of these projects.”

Mr. Josef Kastner, CEO of ReneSola Power Europe, commented, “We have successfully developed solar projects in Poland and have sold over 81 MW of projects in the last four years.  Poland remains a key market for ReneSola Power, and we are committed to our strategy to further expand our business and become a major player in Poland and other European markets.”

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company’s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.

About Eiffel Energy Transition

Eiffel Energy Transition Fund S.L.P. is a specialized €350m fund reserved for professional investors. It provides flexible bridge financing for renewable energy and energy efficiency projects across Europe. The fund has already financed over 1,000 projects, representing more than 1GW of green energy capacity. Eiffel Energy Transition is managed by Eiffel Investment Group and is sponsored by the European Investment Bank, the French environmental agency (ADEME) as well as mutual insurance companies and first rank banks.

About Eiffel Investment Group

Eiffel Investment Group is an asset management firm and a leader in business financing. The group addresses the funding needs of European SMEs and midcaps across their entire capital structure: credit (liquid credit, private debt), equity (listed shares, private equity, convertible bonds). Eiffel Investment Group manages more than 2 billion euros for major European institutional investors and 25,000 private clients.

 

Related Links :

http://www.renesolapower.com

PR Newswire

JinkoSolar Large-Area N-Type Monocrystalline Silicon Solar Cell Reaches Record High Efficiency of 24.79%

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SHANGRAO, China, July 20, 2020 — 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 the maximum solar conversion efficiency of its large-area N-type monocrystalline silicon solar cells reached 24.79%, and have set a world record for large-size contact-passivated solar cells. This result was independently confirmed by the Institute for Solar Energy Research in Hamelin (ISFH), Germany. 

JinkoSolar’s R&D teams of experts in silicon wafer, solar cells and solar modules have made significant breakthroughs in the field of high efficiency and high power of cells and modules for many years.The record-breaking mono-crystalline silicon solar cell was fabricated on a high quality CZ mono-Si substrate, with a practical size of 267.72cm2, and several advanced technologies have been implemented to achieve this new record of 24.79%, including passivating contact technologies, advanced diffusion system, surface passivation and advanced anti-reflection technologies, and a series of material upgrade were integrated into the cell process. The record-breaking mono-crystalline silicon solar cell will be gradually applied to product production.

“JinkoSolar has reached a key R&D milestone and our commitment towards technological innovation in silicon material, cell fabrication and module processing technologies has led to multiple world records for the efficiency of solar cells and modules. We are very proud to break the world record with advanced large-area N-type cell in the world, and this innovative cell technology also holds the world record for PV module efficiency,” commented Dr. Jin Hao, CTO of JinkoSolar. “We will constantly invest in upgrading technologies to achieve mass production, and to lead the way by providing high efficiency and competitive industrial products for our global 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 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, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 17.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of March 31, 2020.

JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina.

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. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@jinkosolar.com

Related Links :

http://www.jinkosolar.com
PR Newswire

Shanghai Electric’s SEunicloud Platform Wins World’s First Industrial Intelligence Award at WAIC 2020

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SHANGHAI, July 18, 2020 — Shanghai Electric (SHA:601727/HK:02727) announced today that its SEunicloud platform has won the world’s first industrial intelligence award at the 2020 World Artificial Intelligence Conference (WAIC) Summit. The platform earned the “Zhan Lu” Award in the Best Service sector. WAIC 2020 was held at the Golden Hall of the Shanghai Expo Center on July 9. The Award was jointly established by Forbes China and the Global Industrial Intelligence Summit to recognize achievements in global-oriented industrial intelligence.

Huang Ou, deputy secretary and president of the Party Committee of Shanghai Electric Group witnesses the official launch of the Industry-Finance Integration of Industrial Internet Program in the 2020 World Artificial Intelligence Conference (WAIC) Summit
Huang Ou, deputy secretary and president of the Party Committee of Shanghai Electric Group witnesses the official launch of the Industry-Finance Integration of Industrial Internet Program in the 2020 World Artificial Intelligence Conference (WAIC) Summit

Huang Ou, the deputy secretary of the Party Committee and president of Shanghai Electric Group, noted, “In the future, Shanghai Electric will continue to develop the SEunicloud platform and improve the service model industrial Internet platform within the Yangtze River Delta regional radiation throughout the country and even the world.”

This year’s event was organized by the committee of the World Artificial Intelligence Congress and co-hosted by the China Institute of Information and Communication and the Industrial Internet Industry Alliance, among others. The Summit focused on “Innovation, Integration and Build the Future of Intelligent Industry.” The program included sharing the technological frontiers of industrial blockchain, industrial big data and industrial Internet industry platform as well as exploring new models of industrial Internet industry chain finance.

A major topic of WAIC 2020 was the building of a new ecological structure for the industrial Internet. To this end, in the hope of accelerating the evolution of its work, Shanghai Electric upgraded the company’s digital solution platform SEunicloud. The platform empowers intelligent wind power operation, remote thermal power operation, machine tool maintenance, energy storage and distribution. Using SEunicloud, Shanghai Electric has been providing efficient solutions, including troubleshooting, remote operations, maintenance, and energy planning to meet demands in various scenarios.

The SEunicloud platform is also equipped with an intelligent supply chain solution that is designed to match factory production with power plant demand directly. The DES-PSO energy planning solution of the platform features design and planning, investment analysis and risk assessment functions. These allow customers to evaluate the financial viability of large-scale energy production projects before commissioning their construction. The Shanghai Electric E-Commerce solution component of the platform is a one-stop platform equipped with spare parts, maintenance services, transformation optimization and more. This facilitates the online delivery of more than 22,000 spare parts products and 70 standard repair packages—all at near factory price.  

The summit also announced the official launch of the Industry-Finance Integration of Industrial Internet Program. After the formation of the consortium, Shanghai Electric will jointly promote the construction of a public service platform for industrial Internet finance and build a credible, interoperable and coordinated industrial Internet financial system.

Photo – https://photos.prnasia.com/prnh/20200718/2860773-1-a?lang=0
Logo – https://photos.prnasia.com/prnh/20200424/2786026-1-LOGO?lang=0

Related Links :

http://www.shanghai-electric.com

PR Newswire

Electrolux Q2 Interim Report 2020: Navigating Through Challenging Market With Reinforced Strategy

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STOCKHOLM, July 17, 2020 — The comments and figures in this report refer to continuing operations unless otherwise stated

Highlights of the second quarter of 2020

  • Net sales amounted to SEK 23,476m (29,232). Organic sales declined by 16.6%, due to lower volumes. The development of the coronavirus pandemic impacted market demand significantly in our main markets and also resulted in supply constraints in North America.  
  • Operating income amounted to SEK -62m (1,219), corresponding to a margin of -0.3% (4.2).
  • Comprehensive cost measures executed to mitigate the effects from the pandemic on earnings.
  • Negative currency impact on operating income of approximately SEK 360m.
  • Income for the period amounted to SEK -141m (1,006), and earnings per share was SEK -0.49 (3.50).
  • Operating cash flow after investments was SEK 122m (-25).

President and CEO Jonas Samuelson’s comment

The coronavirus pandemic affects all of us, personally and professionally. Our top priority is to safeguard the health and safety of our employees and to ensure business continuity as household appliances are essential for consumers’ daily life.

During the months of March through May, we experienced significant volume drops across most of our regions due to the pandemic. As restrictions were eased or removed, demand picked up in June, even if the pace of recovery varies greatly between regions. In some markets, such as many European countries, the recovery pace in the latter part of the quarter has been faster than predicted. It was therefore encouraging that we in June had an organic growth of 3%. I am also pleased that despite challenging conditions we improved our mix this quarter as well. A good example is Australia where newly launched products continue to gain good traction.

We have also delivered on the temporary cost and cash mitigation actions initiated in March; well above our expectations. This shows that both agility and cost focus are part of our DNA. We continue to follow through on our re-engineering and streamlining initiatives, yielding further structural efficiencies to strengthen our cost competitiveness also longer term. As we earlier announced, the coronavirus situation leads to delays in some of our strategic investments of up to half a year and has also impacted the ramp-up of our new Anderson factory in the U.S. due to supply disruptions from Mexico and shutdowns/ absenteeism, which also have impacted all our North American plants. This of course pushes cost savings from these investments forward, but I want to emphasize that we still expect our re-engineering and streamlining initiatives to generate approximately SEK 3.5bn of annual cost savings, with full effect from 2024.

Despite the strong cost reduction execution in the quarter, it was not possible to offset both the 17% organic sales drop and a significant currency headwind and, as we have previously communicated, the quarter was slightly loss-making.

The pandemic situation remains fluid, creating an extraordinary degree of uncertainty over what the full global impact on demand will be for the second half of the year. It depends on several factors such as virus resurgences, the extent of additional restrictive measures and the effectiveness of the massive stimulus packages on consumer confidence and demand. In the near term, we see good demand, partially driven by pent-up demand from April/May and the strong stimulus programs. However, for the full year 2020 we continue to expect negative demand in most of our main markets. Hence, as previously communicated, we expect a material financial impact related to the pandemic for the full year 2020, primarily due to the impact in the second quarter.

The increased time spent at home due to the pandemic has quickly changed consumer behavior. The importance of high-quality appliances with relevant features and benefits become more apparent. On the same note, we see consumers paying more attention to health and hygiene; meaning there is an increasing need for products that can boost wellbeing such as vacuum cleaners, air and water purifiers, dish washers and washing machines. Finally, consumers have become more digital and online purchases are growing significantly. These changes in consumer behavior reinforce our strategy and we keep accelerating innovation to deliver relevant products and services, including further development of our e-commerce capabilities.

Our strong commitment to sustainability remains unchanged and we see an opportunity to increase sustainable efforts as people change their behaviors due to the crisis.

Although we are experiencing a challenging time, I am confident that Electrolux remains well positioned to create value. I especially want to thank my colleagues for their great commitment as we continue to execute on our strategy.

Telephone conference 09.00 CET

A telephone conference is held at 09.00 CET today, July 17. Jonas Samuelson, President and CEO and Therese Friberg, CFO will comment on the report.

Details for participation by telephone are as follows:

Participants in Sweden: +46-8-566-426-51

Participants in UK/Europe: +44-3333-000-804

Participants in US: +1-631-9131-422

Pin code: 74667634#

Slide presentation for download:

www.electroluxgroup.com/ir

Link to webcast:

https://edge.media-server.com/mmc/p/7owdv3p7

For further information, please contact:

Sophie Arnius
Head of Investor Relations
+46-70-590-80-72

Asa Ohman
Electrolux Press Hotline
+46-8-657-65-07

This is information that AB Electrolux is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 0800 CET on July 17, 2020.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/electrolux/r/electrolux-q2-interim-report-2020-navigating-through-challenging-market-with-reinforced-strategy,c3155766

The following files are available for download:

PR Newswire

Gastech Virtual Summit to Take Place from September 7-11

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Registration for the virtual summit now open

Summit will include online strategic and technical conference sessions streamed live or available on demand

Hosted on a fully interactive platform, delegates will gain insights into the latest commercial strategies and trends dominating the gas, LNG and energy industry

LONDON, July 15, 2020 — dmg events announced, today, registration is open for the first Gastech Virtual Summit, that will take place from September 7-11. The Summit will include strategic and technical content streamed online, enabling the Gas, LNG and Energy industry to connect and engage virtually to address the collective challenges and opportunities the industry faces.

The Gastech Virtual Summit 2020 will feature 200+ industry leaders who will outline strategies and visions for confronting the new and changed energy markets. The Summit will also showcase the latest and peer-reviewed research on new technologies and business strategies to help companies thrive in challenging times and exclusive keynote addresses from globally renowned leaders in the technology space.

The event’s high-level strategic conference will provide the Gas, LNG and Energy industry a unique opportunity to assess the industry’s long-term prospects as governments engage with the energy trilemma of energy security of supply, affordability and sustainability and assess the prospects for demand and investment recovery and changes to supply in a post COVID-19 world.

Delegates can register for the Gastech Virtual Summit 2020 at www.gastechevent.com/gvs. All strategic conference and technical conference sessions will be streamed live, but delegates will be able to catch-up in their own time or revisit sessions through the event’s on-demand service.

Nick Ornstien, Vice President Energy for dmg events said: “Gastech has sat at the heart of the Gas, LNG and Energy conversation for 49 years. It is a global platform with the power to convene industry leaders to drive the conversations, collaboration and connections that address the future challenges and opportunities in an evolving energy market and the increasing focus on Environmental, Social and Governance issues.

“Building on from Gastech’s renowned strategic conference, the Gastech Virtual Summit will deliver advanced insights into the latest commercial strategies and trends dominating the natural gas industry, providing delegates with fast track information on how best to align business models.

“Hosted on our fully interactive platform, delegates will gain insights from our sessions, develop and share ideas by participating in live Q and As and audience polls, and develop and deepen relationships with industry peers via our exclusive global network programme – wherever they are in the world,” added Ornstien.

Among those confirmed to take part in the virtual conference are Maarten Wetselaar, Integrated Gas & New Energies Director and Member of the Executive Committee, Shell; Laurent Vivier, Senior Vice President Gas, Total; Peter Clarke, Senior Vice President, ExxonMobil Upstream Oil and Gas Company; H.E. Nadeem Babar, Special Assistant to the Prime Minister (SAPM) on Petroleum Division, Islamic Republic of Pakistan; Eugene Kaspersky, CEO, Kaspersky Lab; Irtiza Sayyed, President, LNG Market Development, ExxonMobil; Thomas Siebel, Chairman and Chief Executive Officer, C3.ai; Niek den Hollander, Chief Commercial Officer, Uniper; Jun Nishizawa, Executive Vice President, Group CEO, Natural Gas Group, Mitsubishi Corporation; Jane Liao, CEO, Natural Gas Business, CPC Corporation and Alex Volkov, Vice President, Global LNG Marketing, ExxonMobil.

The topics which the Gastech Virtual Summit 2020 will cover include the role of natural gas in the energy transition; the criticality of IoT and data security in the future of the energy industry; the impact of deregulation on markets and investment; opportunities and challenges to the energy sector posed by Industry 4.0; hydrogen’s ability to deliver on decarbonisation commitments and what impact environmental activism will have on the emerging growth opportunities for the industry.

Alongside the Gastech Virtual Summit’s strategic conference, delegates will be able to attend the event’s technical conference that will earn attendees 28 accredited CPD hours. The technical conference sessions will feature certified content delivered by industry leaders on recovery, the new post-pandemic energy landscape and how the industry can capitalise and build on reduced emissions for a sustainable and secure long-term energy future.

The Gastech Virtual Summit 2020 is being held in place of the Gastech exhibition and conference, scheduled to take place in Singapore, in September. dmg events and the Gastech Governing Body, in consultation with Enterprise Singapore and the Singapore Tourism Board collectively took the decision to postpone that event, to next year, due to concerns around the global pandemic, accessibility and the wellbeing of speakers, delegates, exhibitors and visitors.

About Gastech

Gastech has united the global gas, LNG and energy industries for almost 50 years and continues to do so, placing its emphasis on the future and convening the global community. With the industry’s support, Gastech is the heart of the global gas, LNG and energy conversation – bringing together companies, organisations and individuals alike to shape the future of energy.  From NOCs, IOCs, utility companies, EPC contractors, E&P companies, service companies, technology providers, shipbuilders and manufacturers – Gastech brings the energy value chains together for progressive discussions, business transactions and cross sector collaboration.

For more information please visit www.gastechevent.com

PR Newswire

JinkoSolar to Supply 126 MW of Modules for a Utility PV Project in Chile

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SHANGRAO, China, July 6, 2020 — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE:JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it will supply 126 MW of solar modules for the expansion of an existing 160 MW solar PV park in Chile.

The local contractor recently announced the 126 MW expansion of an existing 160 MW PV park located in the Antofagasta Region. The existing PV plant has been in operation since 2016 and already has 668,160 JinkoSolar panels installed which generate 400 GWh per year. The expansion will add an additional 315,900 JinkoSolar bifacial modules.

Once the expansion is complete and begins operations, the PV plant will have a total of 984,060 JinkoSolar photovoltaic panels consisting of both monofacial and bifacial modules that are able to generate 789 GWh per year.

“This is the second project in Latin America to be equipped with our bifacial modules with transparent backsheets,” commented Mr. Alberto Cuter, General Manager LATAM of JinkoSolar. “Chile is the largest market for utility scale projects in the region and we are continuously working to promote our high-quality modules there in order to support the development of renewable energy. The expansion of the PV plant equipped with our bifacial modules has already generated lower LCOE and is able to compete with traditional sources of energy. We are expecting to sell more bifacial modules in the coming few months across the region.”

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, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 17.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of March 31, 2020.

JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina.

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. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@jinkosolar.com

Related Links :

http://www.jinkosolar.com

PR Newswire

Canadian Solar Inc. Announces Results of 2020 Annual and Special Meeting of Shareholders

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GUELPH, Ontario, June 27, 2020 — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it held an Annual and Special Meeting of Shareholders on June 24, 2020. The shares represented at the meeting voted on the following matters: 

  1. With respect to the election of directors, the Company nominated seven individuals. Each of Mr. Shawn (Xiaohua) Qu, Mr. Harry E. Ruda, Mr. Andrew (Luen Cheung) Wong, Mr. Arthur (Lap Tat) Wong, Ms. Lauren C. Templeton, and Mr. Karl E. Olsoni received a greater number of votes in favour than withheld. Mr. Robert K. McDermott received a greater number of votes withheld than in favour, and, as a consequence, under the Corporate Governance Guidelines of the Company, he is required to tender his resignation to the Chairman of the Board, such resignation to take effect on acceptance by the Board. The Board will consider his resignation pursuant to the Corporate Governance Guidelines and report its decision by subsequent press release.
  2. The requisite majority of the shares represented at the meeting required for approval were voted in favour of the re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the auditors of the Company and to authorize the directors of the Company to fix their remuneration;
  3. The requisite majority of the shares represented at the meeting required for approval were voted in favour of the special resolution authorizing and approving the continuance of the Company from the federal jurisdiction of Canada to either the provincial jurisdiction of the Province of British Columbia or the Province of Ontario; and
  4. The requisite majority of the shares represented at the meeting required for approval were voted in favour of the ordinary resolution authorizing and approving the extension of the expiry date of the amended and restated share incentive plan of the Company from September 20, 2020 to June 30, 2029.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar power companies. It is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions and has a geographically diversified pipeline of utility-scale solar power projects in various stages of development. Over the past 19 years, Canadian Solar has successfully delivered over 43 GW of premium-quality, solar photovoltaic modules to customers in over 150 countries. Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Related Links :

http://www.canadiansolar.com

PR Newswire

JinkoSolar Receives Determination in German Court in Patent Litigation Brought by Hanwha Q CELLS

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SHANGHAI and MUNICH, June 19, 2020 — JinkoSolar Holding Co., Ltd. (“JinkoSolar”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today responded to the Regional Court of Düsseldorf’s recent determination concluding that third-party cell technology contained in certain JinkoSolar modules, no longer in production, infringes a patent held by Hanwha Q CELLS. JinkoSolar believes the Düsseldorf court came to an erroneous conclusion and will appeal the decision. JinkoSolar is also challenging the Hanwha patent’s validity at the European Patent Office (“EPO”).

Importantly, the scope and impact of the Düsseldorf court’s decision is limited to Germany. Additionally, the decision relates to third-party cells included in older versions of JinkoSolar-branded modules which are no longer in production. As such, the decision has no impact on current JinkoSolar customers, and JinkoSolar may continue to import and sell modules that use its own cell technology to customers in Germany.

“We respectfully disagree with the recent decision of the Düsseldorf court, which did not take any independent expert evidence and based its decision on one sided allegations,” said Kangping Chen, CEO of JinkoSolar. “We continue to believe that Hanwha’s claims are without merit and were brought solely to slow down our business momentum. We will pursue all legal avenues to vigorously defend against Hanwha’s claims, including contesting the validity of the patent associated with the cell technology in question. Providing JinkoSolar’s customers with industry-leading solar modules remains our top priority and we will continue to work tirelessly to achieve that end.”

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, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 17.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of March 31, 2020.

JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina.

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:
Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: ir@jinkosolar.com

Christian Arnell
Christensen
Tel: +86-10-5900-2940
Email: carnell@christensenir.com

In the U.S.:
Ms. Linda Bergkamp
Christensen
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

Related Links :

http://www.jinkosolar.com

PR Newswire

Sungrow Smart Energy Virtual Show: a bulk of the latest innovations shine in the marketplace

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HEFEI, China, June 15, 2020 /PRNewswire/ — Sungrow, the global leading inverter solution supplier for renewables, is unveiling a variety of the latest PV and energy storage innovations at its Smart Energy Virtual Show taking place on June 15-19. The Company bridges channels between participants and industry professionals from authorities including SPE, EASE, and offers exclusive webinars in terms of niche markets and flagship products, illustrating its determination on technical innovation and expansion of global footprints.

Sungrow Virtual Booth
Sungrow Virtual Booth

Beyond a virtual booth, latest product portfolio is starring

The fully-immersive virtual booth keeps everybody safe and healthy given the current coronavirus situation. While the intriguing part of the virtual show is not only the distinctive booth design but a dozen of the latest competitive PV and energy storage product portfolios for utility-scale, commercial and residential applications, Which garnered global unique views of over 10,000 on the first day.

Optimized for utility-scale PV plants, Sungrow is debuting comprehensive solutions ranging from 125kW to 6.25MW, for instance, the SG6250HV-MV turnkey solution, a brand-new 1500V multi-MPPT string inverter SG125HX that is compatible with over 500Wp bifacial modules, the world’s most powerful 1500V string inverter SG250HX and its medium-voltage turnkey station MVS6750-LV which is preassembled for easy O&M.

Featured commercial inverters ranging from 33kW to 110kW and residential inverters available from 2kW to 20kW tailored to distributed generation markets are another eye-catching due to the compact design, high productivities and multiple demand satisfied.

Among others, participants can check out Sungrow all-in-one energy storage systems such as a “3MW-1 Hour” system for utility-scale applications and a “50kW-3 Hour” system for commercial projects, which are fully integrated and of high efficiency and safety.

Outlook from professionals, benefiting your business

Drawing on experience gleaned from both fields of solar and energy storage, an unprecedented lineup of speakers gives impactful insights for participants.

Brittney Elzarei, Policy Manager from EASE (European Association for the Storage of Energy), shared the latest ESS policies in the key European markets and changes amid coronavirus on June 15th, indicating that we can expect strong impetus of energy storage development in Europe as it’s a special drive of the local decarbonization and energy transition.

The Europe market outlook 2020-2024 to be presented by Raffaele Rossi, Policy Analyst at SPE (SolarPower Europe) on June 19th is believed to show in-depth guidance for the foreseeable future.

In addition, Sungrow technical and service team is giving expertise on the latest innovations and specific trainings for installers and distributors.

“It is a pleasure to join this remarkable smart energy virtual show, where I can explore key highlights of cutting-edge new products aired exclusively. I’ve also gained reliable and practical insights from speakers and networking slots without restrictions,” commented a participant at the virtual show.

Technical innovations never settle

“We keep exploring on technical innovations and are delighted to roll out the latest PV and ESS solutions in this spectacular way. Indeed, the virtual show illustrates our features and embodies more perspectives from our partners which all participants can reap a lot,” said James Wu, Vice President of Sungrow.

Being a leading player with over 100GW deployed around the globe, Sungrow is dedicated to the sustainable development and joined RE100 to affirm the commitment to source 100% renewable electricity by 2028. Sungrow, with 100% bankability, is poised to usher in a new prospect of accelerating its steps in fulfilling its mission of “Clean power for all”.

About Sungrow

Sungrow Power Supply Co., Ltd (“Sungrow”) is the world’s most bankable inverter brand with over 100 GW installed worldwide as of December 2019. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters, with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial, and residential applications, as well as internationally recognized floating PV plant solutions. With a strong 23-year track record in the PV space, Sungrow products power installations in over 60 countries, maintaining a worldwide market share of over 15%. Learn more about Sungrow by visiting www.sungrowpower.com.

Photo – https://photos.prnasia.com/prnh/20200615/2830728-1?lang=0

PR Newswire

JinkoSolar Announces Appointment of Chief Human Resources Officer

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JIANGXI, China, June 12, 2020 /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 Mr. Ji Shao Guo has been appointed as Chief Human Resources Officer (CHO), effective immediately.

Mr. Ji has more than 20 years of leadership and human resources experience and has served in a number of senior positions across many industries. Prior to joining the Company, Mr. Ji was the Vice President of Human Resources at Meicai, a tech start-up to provide one-stop catering raw material procurement services. Prior to that, Mr. Ji served as HR Director at VIPKID, a privately-held online teaching and education company. From 2015 to 2017, Mr. Ji was Head of the 360 Learning Campus at Qihoo 360 Technology, an internet security company, where he managed their talent courses, corporate programs and leadership training. Mr. Ji earned a Bachelor of Science in Computing Communication from the University of Electronic and Science Technology of China (UESTC), and has two Master’s degrees, one in Computer Application Engineering from Beihang University, and the other in Business Administration from the Renmin University of China.

Mr. Kangping Chen, Chief Executive Officer of JinkoSolar, commented, “We are excited to welcome Mr. Ji to the team as Chief Human Resources Officer where he will be responsible for talent acquisition, employee engagement and culture strategies to develop high-performing leadership programs. He has a proven track record of helping large and growing organizations enhance their productivity and growth by creating a client-focused culture. We look forward to his leadership in ensuring that everyone on our team achieves their full potential and career goals, while we continue to solidify JinkoSolar as a global employer of choice for the solar industry.”

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, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 11.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of December 31, 2019.

JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina.

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. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: ir@jinkosolar.com

Mr. Christian Arnell
Christensen
Tel: +86 10 5900 2940
Email: carnell@christensenIR.com

In the US
Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

Cision View original content:http://www.prnewswire.com/news-releases/jinkosolar-announces-appointment-of-chief-human-resources-officer-301075025.html

Source: JinkoSolar Holding Co., Ltd.