Leading ‘Silicon Module Super League’ (SMSL) member JinkoSolar has secured a two year syndicated loan from a bank consortium led by Sumitomo Mitsui Banking Corporation (SMBC) to support increased module shipments growth to Japan.
JinkoSolar said that the loan agreement was worth JPY4.1 billion (US$36.7 million). Management had noted in its recent first quarter analyst earnings call that it expected Japan would continue to provide ‘considerable demand there over the next few years.’
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JinkoSolar had reported APAC region module shipments, which included Japan to have reached 481MW in the first quarter of 2017, up from 101MW in the prior year period.
