FH Capital, a leading private equity firm focused on clean‑energy investments, today announced it has entered into a definitive agreement, through its designated affiliate, to acquire a 75.1% stake in JinkoSolar's (NYSE:JKS) U.S. subsidiary Jinko Solar (U.S.) Industries Inc. JinkoSolar will retain a 24.9% minority interest.

The transaction marks the transition to new controlling ownership of a state‑of‑the‑art 2 gigawatts (GW) solar module manufacturing facility and a growing Battery Energy Storage Systems (BESS) business. Post‑closing, FH Capital will deploy additional expansion capital to at least double the current solar module production capacity and initiate domestic BESS manufacturing. The new structure establishes a diverse U.S. manufacturing platform positioned to meet surging demand for high‑performance solar and storage solutions, while aligning with the evolving U.S. clean‑energy policy landscape.

FH Capital is led by Managing Partner Sanjeev Chaurasia, a veteran renewable energy investment banker and investor with more than 23 years of sector experience. Mr. Chaurasia previously served as Managing Director at Credit Suisse, where he co‑founded the firm's renewable energy practice, headed global coverage of solar investment banking and led JinkoSolar's IPO on the NYSE in 2010.

"The transaction leverages JinkoSolar's well established seven-year U.S. manufacturing presence, proven technology, and strong relationships with blue-chip U.S. customers, with FH Capital's capabilities to create and manage a dynamic platform positioned to meet rising demand for domestic solar and storage solutions," said Chaurasia.

"FH Capital brings deep sector expertise, financing experience, and a deep understanding of the U.S. market," said Nigel Cockroft, U.S. General Manager of JinkoSolar. "We believe this transaction provides the right ownership, management and strategic direction for this new venture to grow capacity and serve the growing demand for high performance U.S.-sourced renewable energy products."

The transaction is subject to customary closing conditions and regulatory approvals. Financial terms were not disclosed.

Latham & Watkins LLP is serving as legal counsel to FH Capital. Morgan Stanley Asia Limited is serving as financial advisor to JinkoSolar and Cleary Gottlieb Steen & Hamilton (Hong Kong) is serving as its legal counsel.

About FH Capital

FH Capital is a private equity firm focused on growth-oriented clean energy investments. FH Capital combines deep sector expertise with financing capabilities and long-standing industry relationships to deliver needed capital to growing companies in the sector.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE:JKS) is a global leader in clean energy technology. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had over 10 productions facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, and other countries, and a global sales network with sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of March 31, 2026.

To find out more, please see: www.jinkosolar.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20260507443974/en/

PR Contact:

Leah Wilkinson

Wilkinson + Associates for FH Capital

703-907-0010

leah@wilkinson.associates

FH Capital to Acquire 75.1% Majority Stake in JinkoSolar's U.S. Manufacturing Operations, Establishing a Premier Domestic Solar and BESS Platform