JinkoSolar to help the polysilicon project with interest in Xinte Energy unit
June 21 (Renewables Now) – Chinese sun oriented module producer JinkoSolar Holding Co Ltd (NYSE:JKS) will make a CNY-315-million (USD 48.7m/EUR 41m) invesment in a unit of area player Xinte Energy Co Ltd (HKG:1799) to help the development of a high-virtue polysilicon creation line.
JinkoSolar will partake in a capital climb at Xinte’s entirely claimed auxiliary Inner Mongolia Xinte Silicon Materials Co Ltd, it was declared on Monday. The previously mentioned venture will give JinkoSolar a 9% stake in the firm.
The organization noticed that the new creation line will have a yearly limit of 100,000 tons of polysilicon.
“We accept that this venture isn’t just a strong development procedure, yet will assist with balancing out silicon material inventory and diminish production network unpredictability. By helping out upstream particular makers, we will keep on fortifying the benefits of our incorporated limit and set the establishment for large scale manufacturing of high-effectiveness modules year-over-year,” said Kangping Chen, CEO of JinkoSolar.
(CNY 1.0 = USD 0.155/EUR 0.130)
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