IFC to invest US$60 million in Jinko Malaysia as company upgrades to PERC cell technology

Facebook
Twitter
LinkedIn
Reddit
Email

The International Finance Corporation (IFC) was said to have announced that it will invest up to US$60 million in Malaysian PV company Jinko Malaysia, according to Deal Street Asia.

IFC’s financing will allow Jinko Malaysia to spur its technology investment endeavors and associated working capital needs at its production facilities in Penang.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • 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

The investment from IFC will come in two segments, including a US$40 million IFC A Loan from IFC’s own account, along with US$20 million from the Managed Co-Lending Portfolio Program (MCPP).

Jinko Malaysia, a subsidiary of JinkoSolar, will use the IFC funding for a US$100 million plan to upgrade its existing solar cell production lines to passivated emitter rear cells (PERC), which will boost energy conversion and cut down on system costs.

JinkoSolar has plans capital expenditure of between US$400 million to US$500 million in 2017, including PERC technology upgrades totalling around 600MW, due to continued demand for high-efficiency modules and supply shortage of mono-PERC modules such as its N-type mono-PERC bifacial module as displayed recently at SNEC 2017. 

JinkoSolar’s Malaysian cell and module plant was opened in May, 2015 but was not originally established with PERC tool upgrades.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

Premium
July 2, 2025
ANALYSIS: China's leading PV manufacturers are locked in a new round of competition, aiming to outpace each other through record-breaking feats.
June 26, 2025
A group of minority shareholders in Norwegian silicon firm REC Silicon has triggered an investigation into the circumstances surrounding the closure of the company’s US polysilicon production site.
June 25, 2025
JinkoSolar has submitted a 133.76MWc solar-plus-storage project in New South Wales to the federal government under the EPBC Act.
June 24, 2025
Chinese solar manufacturing giant LONGi has signed an agreement with Indonesia’s Pertamina New & Renewable Energy to build a 1.4GW module assembly plant in West Java, Indonesia.
June 24, 2025
FRV has started commercial operations at its 55MW Masrik-1 PV project in Armenia, the largest to enter operation in the country.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK