The US subsidiary of China-based tier 1 PV module manufacturer, JinkoSolar has secured a two-year line of credit of US$20 million to support US working capital and business operational needs from Wells Fargo Bank, National Association.
Charlie Cao, JinkoSolar's chief financial officer said: “This agreement reflects our solid track record of reliability and strengthens our financial position not only in the US but globally as well.”
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The recently appointed JinkoSolar CFO also noted that the credit facility would support its geographic footprint expansion across key growth markets.