JinkoSolar (JKS) closes PE investment in solar yield co, carve-out likely to follow

JinkoSolar (JKS) announced it sold a 45% interest in its subsidiary, Jinko Power, for $225mm to three private equity investors (China Development Bank International, Macquarie Greater China Infrastructure Fund and New Horizon Capital). It is now very likely to pursue a IPO and fully carve-out the unit. Jinko Power would be the first chinese solar yield co. Source: PVTECH