JinkoSo­lar mulling sep­a­rat­ing so­lar PV busi­ness

Power Watch India - - DISPATCHES INTERNATIONAL -

JinkoSo­lar Hold­ing Co., Ltd.a global leader in the so­lar PV in­dus­try, re­cently an­nounced that its BoD has au­tho­rized the ex­plo­ration of strate­gic al­ter­na­tives with re­spect to JinkoSo­lar’s down­stream so­lar PV project busi­ness. The Board re­port­edly in­tends to con­sider a broad range of al­ter­na­tives in­clud­ing, but not lim­ited to, an IPO, pre-IPO fi­nanc­ing or merger and ac­qui­si­tion of the busi­ness. “We be­lieve that the sep­a­ra­tion will sup­port the sus­tain­able growth of our down­stream PV project busi­ness and the Board of Di­rec­tors and man­age­ment team are al­ways com­mit­ted to fur­ther en­hanc­ing value for all JinkoSo­lar share­hold­ers. Given that our down­stream PV project busi­ness is ex­pected to ex­ceed 500MW of in­stalled ca­pac­ity by the end of 2014 and with the clear com­mit­ment of the Chi­nese gov­ern­ment to re­new­able en­ergy, so­lar en­ergy in par­tic­u­lar, and a grow­ing mar­ket, we be­lieve now is an ap­pro­pri­ate time to pru­dently ex­plore strate­gic al­ter­na­tives for this busi­ness,” Mr Xiande Li, Chair­man of JinkoSo­lar was quoted as say­ing. JinkoSo­lar man­age­ment, to­gether with its fi­nan­cial and le­gal ad­vis­ers, will ex­plore strate­gic al­ter­na­tives, in­clud­ing the ex­plo­ration of the sep­a­ra­tion of its so­lar PV projects busi­ness into a sep­a­rate com­pany through a spin-off or other trans­ac­tions that will ben­e­fit the com­pany’s share­hold­ers, it is told.

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