Jinko Solar upsized JPY6.7 billion loan agreement with Japanese bank consortium
Post date: 02/07/2019 - 16:13
The Chinese solar group Jinko Solar Holding Co. Ltd. announced that its subsidiary Jinko Solar Japan K.K. has upsized a two-year JPY5.3 billion syndicated loan signed in June 2018 to JPY6.7 billion ($0.06 billion) during its annual review in June 2019. The agreement was signed with a bank consortium led by Sumitomo Mitsui Banking Corporation (SMBC). The financing will be used to expand Jinko Solar Japan's business and to supplement working capital.
Jinko Solar has built a vertically integrated solar product value chain, with an integrated annual capacity of 10.5 GW for silicon wafers, 7.0 GW for solar cells, and 11.0 GW for solar modules, as of March 31, 2019.