FH Capital to acquire 75.1% stake in JinkoSolar U.S. manufacturing operations

FH Capital entered into a definitive agreement, through its designated affiliate, to acquire a 75.1% stake in JinkoSolar’s (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 2 gigawatts solar module manufacturing facility and a growing Battery Energy Storage Systems business. Post-closing, FH Capital will deploy additional expansion capital to at least double the current solar module production capacity and initiate domestic BESS manufacturing. The new structure establishes a diverse U.S. manufacturing platform positioned to meet surging demand for high-performance solar and storage solutions, while aligning with the evolving U.S. clean-energy policy landscape. The transaction is subject to customary closing conditions and regulatory approvals. Financial terms were not disclosed.