JinkoSolar closes US$225 mn investment for solar project business

JinkoSolar has closed the private equity investment led by China Development Bank International (CDBI) and the Macquarie Greater China Infrastructure Fund (MGCIF).

This fund is managed by Macquarie Infrastructure and Real Assets with an aggregate amount of US$225 million in the Company’s downstream solar power project business.

JinkoSolar Power operates its downstream solar power project business and has entered into definitive share purchase agreements with each of CDBI, MGCIF and New Horizon Capital (New Horizon).

Jinko-solar-high-performing-monocrystalline-module

Under the share purchase agreements, CDBI, MGCIF and New Horizon will invest an amount of US$225 million in Jinko Power.

By now, all rounds of investments by the three investors have closed, and the Company has also completed additional capital contribution to Jinko Power.

The three investors hold a total of approximately 45 percent of Jinko Power’s equity interest.

These investors will provide additional resources to enable the development and listing of Jinko Power and the downstream business development in terms of project financing, project development and project operation.

Sabeena Wahid
[email protected]