FH Capital acquires 75.1% controlling stake in Jinko Solar (U.S.) Industries Inc. — 2 GW solar module manufacturing facility in Jacksonville, Florida (AllianceFlorida at Cecil Commerce Center, ~650 employees) plus a growing US BESS manufacturing line. JinkoSolar Holding retains 24.9%.
FH Capital, led by ex-Credit Suisse renewables banker Sanjeev Chaurasia, takes majority control of one of the largest US-domestic solar module plants. FH plans capital injection to more than double module capacity and expand US-made BESS manufacturing — a 45X / Section 232 domestic-content play that effectively de-Sinicizes the asset. JinkoSolar Holding retains 24.9% minority interest.
$191M
Deal Value
Solar
Technology
FL
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- JinkoSolar Holding Co., Ltd. (NYSE: JKS)
- Buyer / Financier
- FH Capital
- Deal Value
- $191M (per Nikkei Asia)
- Stage
- Operating
- ISO/RTO
- Southeast (non-ISO)
Related Deals
ITC from 1.2 MW behind-the-meter solar project near Gainesville, Florida
WeWould Solar (Stadlen Family Holdings) → Creditable Capital
$600K
Bronson Solar — Solar project, FL (FPC). MW not publicly disclosed.
Bronson Solar, LLC → Central Florida Tourism Oversight District
FRP Gadsden County Solar — Solar project, FL (FPC). MW not publicly disclosed.
FRP Gadsden County Solar, LLC → Seminole Electric Cooperative, Inc.
FRP Columbia County Solar — Solar project, FL (FPC). MW not publicly disclosed.
FRP Columbia County Solar, LLC → Seminole Electric Cooperative, Inc.
FRP Gilchrist County Solar — Solar project, FL (FPC). MW not publicly disclosed.
FRP Gilchrist County Solar, LLC → Seminole Electric Cooperative, Inc.
Salzburg Battery Energy Storage Project — 150 MW / 600 MWh standalone BESS in Midland Township, central Michigan. Permitted, advanced-stage interconnection. Targeted COD 2029-2030.
ESA Solar Energy, LLC → Ørsted
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.