Premium over 14%! JinkoSolar US Module Factory Sold to Photovoltaic Godfather!

2026-05-09 10:25:43

Following Trina Solar, Jingao Technology and Bowei Alloy, Jingke Energy is the fourth Chinese photovoltaic company to choose to sell American factories.

Following 9," JinkoSolar announced that The wholly-owned subsidiary Jinko Solar (U. S.) Holding Inc. (Hereinafter referred to as "Jingke American Holdings") intends to sell its wholly-owned subsidiary Jinko Solar (U. S.) Industries. Inc. (Hereinafter referred to as "Jinko US Factory") 75.

The consideration of this transaction is US $ 191,505,000 (equivalent to about RMB 1.302 billion). The exchange rate of US $1 ≈ 6.

溢价超14%!晶科能源美国组件工厂卖给了光伏教父!ccement.com/news/2605/richtext/img/ne1osgoc05s1778293556666.png

The announcement shows that the transaction price is at a premium compared with the book value. 14. The two sides agreed that the transaction will be paid in three installments, the first of which is 51% of the transaction consideration, and the second of which is about 15.71%. The third payment is about 33.

JinkoSolar made it clear in the announcement that the underlying assets involved in the transaction are 2GW data" that the company has completed construction and put into operation in the United States. In 2018, JinkoSolar invested in the construction of a 400 MW module plant in Florida, USA, at a cost of $50 million; In 2023, JinkoSolar announced an investment of $81.37 million to expand the plant and add a new 1GW module production line .

JinkoSolar's 2024 annual report shows that the company's 2GW capacity upgraded and expanded in the United States in 2024 has reached full production. This means that JinkoSolar's 2G W plant in the United States is officially put into operation. The capacity utilization rate of the plant in 2025 is 90.

After the completion of the transaction, FH will hold 75.1% of the equity of Jinko Plant in the United States, and Jinko USA Holdings will hold the plant. 24. Through this transaction, Jinko Energy can recover the initial investment and enjoy the subsequent equity dividends of Jinko USA Plant.

Premium over 14%!

Zhang Wei, the spouse of photovoltaic godfather Shi Zhengrong .". According to

the announcement, Zhang Wei has served as a director of FH Capital since June 2023.

FH Capital is a private equity fund focused on growth-oriented clean energy investments. With deep industry expertise, strong financing ability and long-term accumulation of industry relationships, the company provides the funds needed for growing enterprises in this field. FH Capital has invested in and taken a stake in companies including ES Foundry and Delaware River Solar. The former focuses on the manufacture and sale of photovoltaic cells in the United States, while the latter is the leading developer of photovoltaic storage projects in the United States.After the completion of the above

transactions, FH and its related parties will gradually improve the layout of the new energy industry chain in the United States, and continue to support the compliance operation and steady development of Jinko's American factories in the local market.

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Correlation

Following Trina Solar, Jingao Technology and Bowei Alloy, Jingke Energy is the fourth Chinese photovoltaic company to choose to sell American factories.

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Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we should thoroughly implement the spirit of the 20th and 20th Plenary sessions of the CPC, comprehensively implement the strategic deployment of China's building materials and Tianshan materials, uphold the concept of "both internal and external repairs to grasp the present, transform and upgrade for the long term", and anchor the concept of "extreme cost reduction, industry ecological construction, quality improvement and transformation, compliance and wind control, and Party building". Concentrate on tackling difficulties and breaking the situation, and strive to achieve a good start of the 15th Five-Year Plan.