FH Capital has agreed to acquire a 75.1% stake in JinkoSolar's U.S. manufacturing operations, creating a domestic solar module and battery energy storage system platform.
JinkoSolar will retain a 24.9% minority interest following the transaction. The assets include a 2-gigawatt solar module manufacturing facility in the United States and a growing battery energy storage business.
FH Capital said it plans to invest additional expansion capital after closing to at least double the platform's manufacturing capacity. The transaction is aimed at expanding domestic clean-energy manufacturing capacity amid growing U.S. demand for solar and storage infrastructure.
Financial terms of the transaction were not disclosed.