JinkoSolar’s Sale of Majority Interest in U.S. Manufacturing Subsidiary

Cleary Gottlieb is representing JinkoSolar Holding Co. Ltd. (JinkoSolar) in the sale of a 75.1% equity interest in its manufacturing subsidiary, Jinko Solar (U.S.) Industries, to FH Capital for a cash consideration of approximately $191.5 million.

The transaction was announced on May 8, 2026. Upon completion, Jinko Industries will cease to be a consolidated subsidiary of JinkoSolar.

China-based JinkoSolar is one of the largest and most innovative solar module manufacturers in the world. Its ADSs are listed on the New York Stock Exchange.

Abu Dhabi-headquartered FH Capital is a private equity and investment firm that focuses on growth-oriented clean energy and net zero economy investments.

The Cleary team was led by partner Denise Shiu and includes associate Mengshan Xu. Partners Maureen Linch and Jason Factor and associates Adrianna Duggan and Samuel Makikalli advised on tax matters.