Power cuts due to severe drought affect JinkoSolar's production in Sichuan

• Chinese photovoltaics (PV) maker JinkoSolar Holding Co Ltd (NYSE: JKS) revealed today that the production capacity of its manufacturing facilities in Sichuan is impacted by province-wide power allocating actions.

The rural federal government imposed these limitations a week ago in an attempt to ease the power scarcity in the region emerging from the most awful drought in 60 years. Sichuan counts heavily on hydropower to cover most of its electrical energy requires.

JinkoSolar said in a declaration that it is proactively monitoring the circumstance. Additionally, it has taken particular steps such as guiding various other factories to assume even more production.

The firm emphasized that, now, it is unable to examine the degree to which its company operation as well as full-year monetary performance will certainly be affected as the duration of the government-imposed measures can not be anticipated.

JinkoSolar operates a total of 12 manufacturing facilities around the world with an integrated annual capacity of 40 GW for mono wafers, 40 GW for solar cells and 50 GW for solar modules.