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JinkoSolar completes sale of Jinko Power downstream business in China

Staff Writer |
JinkoSolar Holding announced the completion of the sale of 55% equity interest it indirectly held in Jiangxi JinkoSolar Engineering in China to Shangrao Kangsheng Technology.

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As a result of the sale, JinkoSolar spun off its downstream business of Jinko Power and received $250 million in cash.

JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions.

JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 3.5 GW for silicon ingots and wafers, 3.5 GW for solar cells, and 6.5 GW for solar modules, as of June 30, 2016.

JinkoSolar also sells electricity in China, and had connected approximately 1,130 MW of solar power projects to the grid, as of June 30, 2016.


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