JinkoSolar To Get $150 Million Credit Suisse-Led Project Funding.

JinkoSolar Holding Co., a Chinese solar panel manufacturer, is borrowing $150 million from lenders led by Credit Suisse AG-led to build power plants in China.

The 18 month senior secured loan will help Jinko expand its portfolio of solar farms in China to 1.4 GW, the Shanghai-based company said in a statement.

As part of the deal, the lenders will be granted warrants representing no more than 2 percent of the equity for the company’s Jinko Power development unit.

China plans to add about 18 gigawatts of solar power capacity this year.

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Originally from Bloomberg 

Author: Darvin Tocmo

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