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FH Capital has entered into a definitive agreement to acquire a 75.1% majority stake in Jinko Solar (U.S.) Industries Inc., a subsidiary of JinkoSolar. Under the terms of the deal, JinkoSolar will retain a 24.9% minority interest in the manufacturing facility, which boasts a 2-gigawatt solar module production capacity. This transaction aims to establish a robust domestic solar and Battery Energy Storage System (BESS) platform under new controlling ownership. The move provides a significant capital infusion for JinkoSolar while allowing it to maintain a strategic foothold in the U.S. market. Industry analysts view this as a pivotal shift that strengthens local manufacturing capabilities to meet rising renewable energy demand. The deal underscores the ongoing consolidation and strategic pivoting within the global solar energy sector.
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