FH Capital acquires majority stake in JinkoSolar US
New York-based FH Capital has entered a definitive agreement to acquire a 75.1% stake in JinkoSolar’s US subsidiary, Jinko Solar (US) Industries Inc. China-based JinkoSolar will retain a 24.9% minority interest following transaction completion. The deal includes control of a 2 GW solar module manufacturing facility and an expanding Battery Energy Storage Systems business in the United States. FH Capital stated that additional investment will support plans to at least double existing solar module production capacity and begin domestic BESS manufacturing operations. JinkoSolar said the transaction builds on its seven-year U.S. manufacturing presence and established relationships with large domestic customers. The transaction remains subject to customary regulatory approvals and closing conditions, while financial terms were not disclosed.
