FH Capital, a private equity firm focused on clean energy investments, has announced a definitive agreement to acquire a 75.1% majority stake in JinkoSolar’s U.S. subsidiary, Jinko Solar (U.S.) Industries Inc.
JinkoSolar will retain a 24.9% minority interest.
The transaction marks a transition in controlling ownership of JinkoSolar’s 2-gigawatt (GW) solar module manufacturing facility in the U.S. and its growing battery energy storage systems (BESS) business.
Following the close of the transaction, FH Capital plans to deploy additional capital to at least double the current solar module production capacity and initiate domestic BESS manufacturing.
The new structure establishes a U.S. manufacturing platform designed to meet growing demand for domestic solar and storage solutions while aligning with the evolving U.S. clean energy policy landscape.
“The transaction leverages JinkoSolar’s well established seven-year U.S. manufacturing presence, proven technology, and strong relationships with blue-chip U.S. customers, with FH Capital’s capabilities to create and manage a dynamic platform positioned to meet rising demand for domestic solar and storage solutions,” said FH Capital Managing Partner Sanjeev Chaurasia, in a statement.
The transaction is subject to customary closing conditions and regulatory approvals; financial terms were not disclosed.
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