Jinko Power invests $30m in overseas renewable energy fund

Jinko Power Technology Co., Ltd. announced that its wholly-owned overseas subsidiary, Hong Kong Crystal Energy Power Limited, will participate in the PROFUSION POWER FUND, LP, a private equity fund, with an investment of $30 million. The fund, established in the Cayman Islands, aims for a target of up to $300 million and focuses on equity investments in global renewable energy companies, leveraging blockchain technology.

The investment utilizes Jinko Power's own funds and is part of its strategic exploration into digital investment opportunities within the new energy sector. This move aligns with the company's asset-light development strategy and is not expected to materially impact its normal production, operations, or short-term financial performance.

However, the company noted that the investment carries risks, including uncertainties regarding its successful implementation due to potential changes in the overseas investment environment, legal frameworks, and fulfillment of prerequisite conditions. Furthermore, the fund’s project investments are subject to policy, macroeconomic, and market volatility, with no guarantee of principal or minimum returns.