FH Capital to Buy 75.1% of JinkoSolar’s U.S. Solar and BESS Manufacturing
FH Capital will acquire a 75.1% stake in JinkoSolar’s U.S. solar module and energy storage manufacturing operations to establish a domestic platform. JinkoSolar retains 24.9% and will supply modules locally, aiming to boost U.S. output and reduce tariff exposure.
1. Deal Outline
FH Capital has entered an agreement to acquire a 75.1% majority stake in JinkoSolar’s U.S. manufacturing operations, covering both solar module and battery energy storage system (BESS) production. JinkoSolar will retain a 24.9% interest and continue as the primary supplier to the newly formed entity.
2. Strategic Rationale
The transaction establishes a leading domestic solar and BESS platform by marrying FH Capital’s investment backing with JinkoSolar’s advanced technology expertise. Localizing production aims to mitigate import tariff risks and accelerate delivery timelines for U.S. customers.
3. Operational Impact
The deal is expected to expand output at JinkoSolar’s U.S. facilities, increasing annual module capacity and unlocking scale economies. The integrated platform will position itself to serve rising demand driven by federal tax credits and state-level renewable energy mandates.
4. Outlook
The acquisition is subject to customary regulatory approvals and is slated to close later this year. Post-closing, JinkoSolar anticipates enhanced revenue growth and improved gross margins from localized manufacturing and streamlined supply chains.