Finance ROUND-UP: JinkoSolar’s loan boost, Etrion’s green bond, ReNew’s raise

Facebook
Twitter
LinkedIn
Reddit
Email
JinkoSolar's loan extension comes after the firm announced a production ramp-up to stay on top of rising demand (Credit: JinkoSolar)

Bankers grant JinkoSolar Japan loan boost amid global ramp-up

2 July: JinkoSolar has secured fresh debt funding to fuel its Japanese operations even as it gears up production worldwide, in a bid to stay on top of demand.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

On Tuesday, the New York-listed firm hailed the “vote of confidence” it said it had received from bankers led by Sumitomo Mitsui Banking Corporation, which agreed to upsize an existing loan.

The syndicated facility to JinkoSolar Japan subsidiary will be, the firm explained, enlarged from the JPY5.3 billion (US$49 million) arranged last year to JPY6.7 billion (US$62 million).

Charlie Cao, CFO for the broader JinkoSolar group, noted the debt injection comes as the firm works to boost its footprint and brand recognition in the “rapidly growing” Japanese market.

The financing upgrade follows recent PV Tech analysis of JinkoSolar’s global operations, currently ramp-up mode to ensure production meets high demand.

Etrion halves utility-scale financing costs via green bond

2 June: Going down the green bond route allowed Etrion Corporation to more than halve the financing costs of its Japanese PV project compared to earlier schemes, according to the firm.

The developer tapped the green debt structure – increasingly discussed in the solar PV context – to raise JPY16 billion (US$146 million) for its 45MW project in the Niigata prefecture.

Etrion’s BBB-rated green bond raise, arranged by Goldman Sachs Japan, marked the launch of construction of the PV plant, with Toyo Engineering as the chosen EPC.

The installation, backed via JPY36/kWh (32 dollar cents/kWh) feed-in tariff from the Japanese government, is due to start supplying the grid by Q4 2021. It is the second in Japan for Etrion, which already owns a 57MW portfolio.

India’s ReNew bags US$300m from top investor trio

30 June: ReNew Power’s solar and wind pipeline has reaped funds from asset manager Goldman Sachs, the Abu Dhabi Investment Authority and Canada’s pension fund investor CPPIB.

The trio each subscribed to US$100 million of a US$300 million rights issue, which ReNew said will help offset capex costs of existing renewable projects.

Support from the three institutions – existing backers of ReNew Power – comes one month after the firm, India’s self-styled largest renewable IPP, abandoned plans for a stock market listing.

The developer, the owner of 2.9GW in PV assets in India, commissioned a 300MW plant in Karnataka in April. For ReNew, the installation was its first to feature high-efficiency mono PERC modules.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

September 1, 2025
Australia’s National Electricity Market (NEM) hit a record high for the combined utility-scale solar PV and wind share in the electricity mix on 30 August.
September 1, 2025
Meridian Energy and Nova Energy have completed agreements to establish a 50-50 joint venture (JV) to build and operate the 400MW Te Rahui solar PV power plant near Taupō, New Zealand.
August 31, 2025
Renewables developer and independent power producer (IPP) TagEnergy has acquired Australian developer ACE Power, adding 6GW of renewable energy and storage projects to its portfolio.
August 31, 2025
Two CIS tenders have opened in Western Australia, seeking 1.6GW of renewable energy generation in the Wholesale Electricity Market (WEM).
August 29, 2025
Chinese module maker JA Solar has launched DesertBlue, a PV module designed for desert and semi-arid regions. 
August 29, 2025
US grid interconnection agreements grew by 33% in 2024, reaching 75GW, with three-quarters signed for solar PV and battery energy storage system (BESS) projects, according to a new report from energy market analyst Wood Mackenzie.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines