Jinko Power boosts Middle East presence with Sweihan acquisition

Jinko Power Technology is deepening its involvement in the Sweihan Solar project via its subsidiary, Photon Energy Holding Limited. The company will acquire a 50% stake in Sweihan Solar Holding Company from JinkoSolar Sweihan (HK) Limited for approximately USD 11.85 million. The acquisition, subject to shareholder and regulatory approvals in both China and abroad, will give Jinko Power indirect ownership of 20% of the 1,209 MW Sweihan photovoltaic power plant in Abu Dhabi.