Jinko Power invests in new energy storage fund

Jinko Power Technology Co. (Jinko Power) announced its participation as a limited partner in the establishment of an equity investment partnership. Jinko Power will contribute 17m yuan in own funds, representing 17% of the fund's total committed capital of 100m yuan. The initial capital contribution from all partners will be at least 20% of the total committed capital, with Jinko Power's first contribution being 3.4m yuan.

The fund, managed by a private equity fund management company, aims to invest in commercial-side energy storage projects via a shareholding platform. The fund has a duration of 7 years, including a 3-year investment period, a 2-year operational period, and a 2-year exit period. The investment is intended to bolster Jinko Power's strategic layout in energy storage and foster collaboration across the industry chain.

As of the announcement date, the partnership's industrial and commercial registration and filing are still pending. The company highlighted that the investment carries risks associated with long investment cycles, lower liquidity, and potential impacts from industry policies, economic conditions, and investment decisions.