JinkoSolar Holding
Co., Ltd. JKS, a leading global solar
power product manufacturer, today announced that JinkoSolar (Switzerland) AG,
its Swiss subsidiary, has entered into a strategic cooperation agreement
("Strategic Cooperation Agreement") with the Guangdong Branch of China
Development Bank ("CDB"), pursuant to which CDB intends to provide financing
cooperation to JinkoSolar (Switzerland) AG of an aggregate amount up to US$ 1
billion over a five-year period. The final conditions, terms and amount of the
financing under the Strategic Cooperation Agreement is subject to the parties'
further approval and will be set out in separate agreements.
JinkoSolar (Switzerland) AG will act as the platform to further expand the
Company's presence overseas as the Company intends to use the financing to
develop its overseas expansion, merger, acquisition, and downstream business,
including project development and EPC for Photovoltaic ("PV") solar power
plants. Pursuant to the Strategic Cooperation Agreement, the two parties will
establish a high-level joint meeting mechanism to evaluate the progress of
major development projects.
The Strategic Cooperation Agreement was signed in the presence of Mr. Shouguo
Chang, Deputy President of CDB Guangdong Branch, and Mr. Xiande Li, Chairman
of JinkoSolar, in Zug, Switzerland on December 7th, local time.
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