JinkoSolar to sell Xinjiang subsidiary for US$606 million

Facebook
Twitter
LinkedIn
Reddit
Email
Jinko Solar says the transaction can reduce subsidiary Jiangxi Jinko’s operational costs. Image: Jinko Solar

Chinese solar module manufacturer Jinko Solar will sell its subsidiary Xinjiang Jinko for RMB4.3 billion (US$606.7 million).

The company said that Jiangxi Jinko, subsidiary of Jinko Solar and parent company of Xinjiang Jinko, will no longer hold any shares in Xinjiang Jinko after the transaction. The company added that the transaction is to reduce Jiangxi Jinko’s operational costs, improve its production efficiency and optimise its facility mix.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Buyers of Xinjiang Jinko included Ziyang Major Industry Equity Investment Fund Partnership and a Mr. Dong Shihong.

In addition, Jiangxi Jinko announced that it will build a manufacturing base with a capacity of 56GW in Shanxi Province. According to an agreement signed by Jiangxi Jinko and the Shanxi government, the project will be constructed in four phases with an annual production capacity of 14GW for each stage. Each phase consists of capacity for ingots, wafers, cells and modules.

The first two phases are expected to commence production in the first and second quarters of 2024, while the other two phases will be operational by 2025.

10 March 2026
Frankfurt, Germany
The conference will 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 out to 2030 and beyond.

Read Next

September 16, 2025
Chinese polysilicon producer GCL-Tech has entered into a strategic financing agreement with Infini Capital, a globally renowned investment institution backed by a Middle Eastern sovereign wealth fund.
September 16, 2025
IB Solar is investing INR30 billion (US$340 million) in a 4GW TOPCon solar cell and module manufacturing plant in Jewar, Uttar Pradesh.
September 15, 2025
Vikram Solar has secured a contract to supply 200MW of modules to AB Energia, a domestic solar engineering, procurement, and construction (EPC) solutions provider. 
Premium
September 11, 2025
PV CellTech USA: US cell manufacturer ES Foundry’s CEO Alex Zhu discusses his company's rapid ascent, strategic technology choices and the challenges of operating in a shifting policy environment.
September 10, 2025
At RE+ 2025, companies launched AI-driven platforms, terrain-following trackers, low-carbon modules, and advanced energy management solutions for solar and storage.
September 10, 2025
Cordelio Power has started commercial operations at its 150MW Winfield solar project in Lincoln County, Missouri.

Subscribe to Newsletter

Upcoming Events

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
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA