Jinko Power plans to invest USD 30 million to subscribe to an offshore private equity fund focused on the renewable energy sector
Jinko Power announced that its wholly-owned subsidiary, Hong Kong Jinko, will participate in the subscription of an overseas private equity fund focused primarily on renewable energy with an investment of USD 30 million. The fund aims to raise a total of USD 300 million, with Hong Kong Jinko participating as a limited partner. The goal is to achieve efficient connectivity between renewable energy assets and global capital through blockchain technology. This investment aligns with the company's light asset development strategy and supports its expansion in the global digitalization process
According to the Zhitong Finance APP, Jinko Power (601778.SH) announced that in order to further explore application models and scenarios combining new technologies such as renewable energy and Internet of Things blockchain, the company's wholly-owned overseas subsidiary HongKong Crystal Energy Power Limited (hereinafter referred to as "Hong Kong Crystal Energy") recently signed the "AMENDED AND RESTATED EXEMPTED LIMITED PARTNERSHIP AGREEMENT" (hereinafter referred to as "Partnership Agreement") and related subscription agreements with PUHMERCHANTS LTD. (hereinafter referred to as "Investment General Partner") and GaiaDT Guardians Investment Management Limited (hereinafter referred to as "Technical General Partner"). Hong Kong Crystal Energy intends to participate in the investment fund with self-raised funds.
The fund is established in the form of a Cayman exempted limited partnership, with a target fundraising scale not exceeding USD 300 million, of which Hong Kong Crystal Energy will contribute USD 30 million as a limited partner of the fund.
The announcement stated that the fund primarily invests in the renewable energy sector, leveraging blockchain technology to achieve efficient connections between physical assets in the renewable energy sector and global capital. As a clean energy supplier and service provider that has developed in the renewable energy generation field for many years, the company participates in subscribing to this fund's shares based on a strategic exploration of the on-chain and digital investment value of renewable energy physical assets, while ensuring the stable development of the company's main business. This investment aligns with the company's light asset development strategy and aims to explore extended investment opportunities for renewable energy in the global digitalization process, empowering the company's future development
