SHANGHAI, China | JINKO SOLAR —
JinkoSolar’s wholly owned subsidiary, JinkoSolar (U.S.) INC., (“JinkoSolar US”), has signed amendments to the credit agreement with Wells Fargo Bank, National Association (“Wells Fargo”).

Under the new terms of the credit agreement, JinkoSolar US’s credit limit will be raised to $40 million from $20 million.

“Raising our credit limit indicates Wells Fargo’s recognition and confidence in JinkoSolar’s financial position,” commented Mr. Charlie Cao, JinkoSolar’s Chief Financial Officer. “As one of the most active financial institutions in US PV investment, Wells Fargo has very strict requirements for the debtors’ financial position. While we are expanding our business in the U.S., we are pleased to further strengthen our cooperation with Wells Fargo. We are determined to further expand our overseas financing channels going forward.”

Derick Lila
Derick is a Clark University graduate—and Fulbright alumni with a Master's Degree in Environmental Science, and Policy. He has over a decade of solar industry research, marketing, and content strategy experience.

New ways to make lithium-ion batteries cuts their cost (in half) with improved performance and recyclability

Previous article

SPI Announces Closing of Private Placement of Up to $40 Million

Next article

You may also like

Comments

Comments are closed.

More in News