JinkoSolar Joins 49 Global Businesses to Urge Governments to Step up Fight Against Climate Change

Share

JinkoSolar Holding Co., Ltd., today joined 49 major global businesses with total revenue of US$1.3 trillion in signing an open letter urging governments to increase collaboration and step up the fight against climate change.

Leaders from the Forum’s Alliance of Climate Action CEOs are committed to using their positions to help meet the Paris Climate Agreement goals. Thirty of the companies that signed the open letter reduced their emissions by 9% (more than 47 million metric tonnes in absolute terms) between 2015 and 2016, the equivalent of taking ten million cars off the road for one year.

The open letter was signed ahead of the UNFCCC climate conference in Katowice, Poland where government leaders met this week to review progress towards delivering on the goals set in 2015.

Alliance leaders call for greater public-private cooperation to accelerate effective carbon pricing mechanisms and policies to incentivize low-carbon investment and drive demand for carbon-reduction solutions. They also highlight the business case for cutting emissions to generate wider support in the private sector.

JinkoSolar announced its unaudited financial results for the third quarter ended September 30, 2018. Total solar module shipments hit JinkoSolar’s record high of 2,953 MW, an increase of 5.7% sequentially and 24.4% year-over-year. Total revenues were RMB6.69 billion (US$974.8 million), an increase of 10.5% from the second quarter of 2018 and an increase of 4.3% from the third quarter of 2017. For the full year 2018, the Company estimates total solar module shipments to be in the range of 11.5 GW to 11.8 GW.

“This is one of the last chances we have to reverse course and we should act now before it’s too late, especially when grid parity is just around the corner,” commented Mr. Kangping Chen, Chief Executive Officer of JinkoSolar.