PEKING (dpa-AFX) - JinkoSolar Holding Co., Ltd. (JKS) announced that JinkoSolar (Switzerland) AG, its Swiss subsidiary, has entered into a strategic cooperation agreement with the Guangdong Branch of China Development Bank or 'CDB', pursuant to which CDB intends to provide financing cooperation to JinkoSolar (Switzerland) AG of an aggregate amount up to US$1 billion over a five-year period.
JinkoSolar (Switzerland) AG will act as the platform to further expand the Company's presence overseas as the Company intends to use the financing to develop its overseas expansion, merger, acquisition, and downstream business, including project development and EPC for Photovoltaic solar power plants.
As per the Strategic Cooperation Agreement, the two parties will establish a high-level joint meeting mechanism to evaluate the progress of major development projects.
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