China's JinkoSolar raises $225m from PE investors
China Development Bank International (CDBI), New Horizon Capital and Macquarie Infrastructure and Real Assets - via the Macquarie Greater China Infrastructure Fund (MGCIF) - have invested $225 million in the downstream solar power project subsidiary of US-listed JinkoSolar.
The investment will give the consortium an approximate 45% stake in JinkoSolar Power Engineering (Jinko Power). According to a release, the three investors will provide support and additional resources...
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