Credit Suisse AG, along with a number of unidentified financial institutions, has provided the 18 month senior secured loan to the JinkoSolar Holding Co., Ltd subsidiary.
The funds will be used to both expand the Chinese companys domestic project portfolio, and manufacturing capacity to 1.4 GW. No further details were divulged.
Xiande Li, chairman of JinkoSolar, commented, "This financing further strengthens our position in the Chinese solar power market, supplements Jinko Power's working capital, and significantly expands Jinko Power's project development capabilities. With the additional funds, we are well positioned to benefit from the strong Chinese government support."
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.