FH Capital to buy 75.1% stake in JinkoSolar US subsidiary

Anwesha Pattanaik

Mon, May 11, 2026 astatine 4:24 AM CDT 2 min read

Private equity steadfast FH Capital has signed a definitive statement to acquisition a 75.1% bulk involvement successful Jinko Solar (U.S.) Industries, a subsidiary of JinkoSolar.

The transaction volition spot JinkoSolar retaining the remaining 24.9% number involvement successful the business.

Following the completion of the deal, FH Capital intends to put further funds to grow JinkoSolar's existing star module accumulation facility, with aims to astatine slightest treble existent output and present home manufacturing of artillery vigor retention systems (BESS). The installation presently operates with a accumulation capableness of 2GW.

The planned concern aligns with expanding request for star and retention products successful the US and existent vigor argumentation developments.

The statement remains taxable to the fulfilment of customary closing conditions and regulatory approval. The parties person not disclosed the fiscal presumption of the deal.

FH Capital is led by managing spouse Sanjeev Chaurasia, whose anterior acquisition successful the renewable vigor assemblage includes a tenure arsenic managing manager astatine Credit Suisse and engagement successful JinkoSolar’s archetypal nationalist offering connected the New York Stock Exchange successful 2010.

Chaurasia said: “The transaction leverages JinkoSolar's good established seven-year US manufacturing presence, proven exertion and beardown relationships with blue-chip US customers, with FH Capital's capabilities to make and negociate a dynamic level positioned to conscionable rising request for home star and retention solutions.”

JinkoSolar has engaged Morgan Stanley Asia arsenic its fiscal advisor for the transaction, with Cleary Gottlieb Steen & Hamilton (Hong Kong) providing ineligible counsel. FH Capital’s ineligible counsel is Latham & Watkins.

JinkoSolar US wide manager Nigel Cockroft said: “We judge this transaction provides the close ownership, absorption and strategical absorption for this caller task to turn capableness and service the increasing request for high-performance US-sourced renewable vigor products.”

In June 2025, JinkoSolar subsidiary Jinko ESS signed a model statement with METLEN to instrumentality much than 3GW-hours of utility-scale BESS successful Chile and Europe.