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Business Wire
25 days ago
FH Capital to Acquire 75.1% Majority Stake in JinkoSolar's U.S. Manufacturing Operations, Establishing a Premier Domestic Solar and BESS Platform
NEW YORK--(BUSINESS WIRE)-- #BESS--FH Capital, a leading private equity firm focused on clean‑energy investments, today announced it has entered into a definitive agreement, through its designated affiliate, to acquire a 75.1% stake in JinkoSolar's (NYSE: JKS) U.S. subsidiary Jinko Solar (U.S.) Industries Inc. JinkoSolar will retain a 24.9% minority interest. The transaction marks the transition to new controlling ownership of a state‑of‑the‑art 2 gigawatts (GW) solar module manufacturing facility and.