Jinergy's Solar Panel Shipments to India Exceed 1GW

GREATER NOIDA, India, Sept. 18, 2019 -- Jinneng Clean Energy Technology Ltd. (Jinergy), a China-based technology-driven PV manufacturer, announced that the company has supplied over 1GW solar panels to India market in the recent two years.

Benefiting from the 100GW target proposed by Indian Government, Indian PV
market has experienced fast growth in recent years and become the world's
second largest PV market. According to Mercom India, India added 3.2 GW of
solar capacity in the first half of 2019.

Jinergy also sees India as one of the promising and dynamic markets in
solar industry. Jinergy (Hall 11, 11.26) showcased Poly, Mono PERC and HJT
solar panels at Renewable Energy India 2019 (REI 2019), bringing more
possibilities to the India solar market.

Cell efficiency of Jinergy Poly, Mono PERC and HJT products are all above
industry average. With demonstrated extremely low degradation and PID in third
party test and Datong PV application front runner phase I, Jinergy's
polycrystalline modules bring more benefits for investors. Moreover, with
bifaciality of 78%, Jinergy PERC dual-glass bifacial module generates 5%-25%
more power from backside. Power generation and LCOE are significantly
optimized.

In order to bring breakthrough to LCOE and realize grid parity, Jinergy
also prepares HJT super-high efficiency module, with power output over 450W.
Featuring bifacial power generation, excellent low light performance, ultra-low
temperature coefficient and degradation, overall power generation of Jinergy
HJT module is increased by 44% when compared to regular polycrystalline
modules.

By virtue of high efficiency and reliable quality, Jinergy is widely
recognized by customers globally. In 2018, overseas shipments of Jinergy
accounted for 40% of its total shipments and the number expects to be over 50%
this year. "Being added to BNEF Tier 1 list since Q1 2019, Jinergy will
continue to bring high quality and reliable solar panel to global market,"
said Dr. Liyou Yang, general manager of Jinergy.

About Jinergy

Jinergy, green energy sector incorporated under Jinneng Group, one of the
state-owned energy groups in China, follows technology iteration strategy and
has deployed three generations of cutting-edge technology, i.e.
polycrystalline, PERC monocrystalline and HJT.

By the end of 2018, Jinergy has 2GW production capacity in total for
polycrystalline, PERC monocrystalline and HJT modules. In 2017, Jinergy
commercialized high efficiency HJT products, and will expand production
capacity to GW scale within three years.

Source: Jinneng Clean Energy
Technology Ltd.

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