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benefits while staying on course towards a announcement notes. SOL AR
fully decarbonised system by 2050. Meanwhile, third-party investors,
This MoU brings together two JinkoSolar’s founders, Xiande Li, Kangping SLNG terminal to implement
international organizations to collaborate Chen and Xianhua Li, and senior
and advance a sustainable energy future management personnel have agreed to invest solar energy system by
through the adoption of new technology, an aggregate of CNY3.1bn ($456m) into
financing and ambitious policy frameworks. Jiangxi Jinko for an equity interest of 26.7%. Total Solar DG
It aims to advance the necessary global energy This transaction should make the unit
transition, decarbonise hard to abate sectors, eligible for a STAR Market listing and will Singapore LNG (SLNG) and Total Solar
scale up the deployment of clean technologies provide additional capital to support its Distributed Generation (DG) have signed an
and enhance the energy literacy of decision- continuous expansion. It is based on a pre- agreement for solar power to be implemented
makers and the public. money valuation of Jiangxi Jinko’s equity value at the Singapore LNG Terminal on Jurong
“Countries need to significantly raise their of CNY8.5bn. Island. Under the agreement, Total Solar DG
level of commitment towards environmental The equity fundraising is seen to close by will finance, build and operate a 600 kilowatts
sustainability, leveraging diverse policies, the end of next month. peak (kWp) rooftop solar power system,
technologies and financing options,” Brende “Listing Jiangxi Jinko on the STAR Market which will be installed on the rooftops of
said. “Formalising this ongoing partnership will enable it to access a new source of growth several buildings at the terminal.
during the Sustainable Development Impact capital, which we believe will ultimately The installation of the solar panels is part
Summit is an important step in strengthening strengthen our leading position in the solar of SLNG’s slew of initiatives under its Green
the mission of our organisations. It brings module industry and support our continuous Strategy, and is expected to be completed by
together the knowledge, insight and growth over the long run,” said Kangping Q4 2020. This rooftop solar power system will
innovation expertise of IRENA with the Chen, CEO of JinkoSolar. generate around 800 megawatt hours (MWh)
Forum’s global network to ensure these higher of renewable energy and has the potential
commitments are realised in the near term.”
“The energy transformation is at the heart
of economic recovery,” La Camera said.
“Renewable energy offers a way to carbon
neutrality by mid-century, aligning short-
term policy and investment decisions with
our medium- and long-term objectives of the
Sustainable Development Agenda and 1.5°C
goal of the Paris Agreement. International
cooperation is vital to support business and
the public sector in their efforts to reach our
climate goals. This reinforced partnership
combines IRENA’s leading expertise on energy
transition with the Forum’s proven record of
success in driving change through public-
private dialogue in pursuit of a global energy
system that is fit for the future.”

SOL AR

JinkoSolar to list STAR
Market subsidiary in

Shanghai

Chinese solar module maker JinkoSolar
Holding plans to list its principal operating
subsidiary on the Shanghai Stock Exchange’s
Sci-Tech innovation board, also known as the
STAR Market, in the next three years.
The company said that its board of
directors has approved the move involving
Jinko Solar Co Ltd, or Jiangxi Jinko. The
listing will take place after certain intra-
group restructuring processes and will
depend on the capital market conditions in
China and globally, among other factors, the

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