Jinko Power increases guarantees for subsidiaries, expanding asset-light strategy

Jinko Power Technology announced it will provide additional guarantees totaling CNY 463.84 million for its subsidiaries, specifically those leasing distributed photovoltaic power generation systems from China Financial Leasing. This increases the total guarantee amount for these entities to CNY 1432.76 million. Furthermore, Jinko Power subsidiaries Jinko Power Energy Holding, S.L.U. and Jinko Power Spain S.L.U. provided guarantees for Jinko Greenfield Spain subsidiaries, facilitating financing for new projects. The company clarified that the guarantees are within the approved limits from the January 2025 shareholder meeting and are deemed necessary for the company's operations and the continued execution of its asset-light development strategy. As of the announcement, the total amount of external guarantees from Jinko Power and its subsidiaries reached CNY 2,153.47 million.