China solar panel maker Jinko to sell majority stake in US unit for $191m
Energy
Private equity firm FH Capital to control 2GW of production capacity at Florida plant
Chinese solar and battery companies poured billions of dollars into setting up American factories to claim Biden-era tax credits. © Reuters
NEW YORK — Major Chinese solar panel manufacturer JinkoSolar Holding has agreed to sell a 75.1% stake in subsidiary Jinko Solar (U.S.) Industries to American private equity firm FH Capital under plans announced Friday.
