JinkoSolar Forms Joint Venture With RELC And VI To Build $1B Solar Cell And Module Facility In Saudi Arabia
Portfolio Pulse from Benzinga Newsdesk
JinkoSolar has formed a joint venture with RELC and VI to build a $1 billion solar cell and module manufacturing facility in Saudi Arabia. Jinko Middle East, RELC, and VI will hold 40%, 40%, and 20% equity interests, respectively. The project is subject to regulatory approvals.

July 16, 2024 | 11:14 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
JinkoSolar has entered into a joint venture with RELC and VI to build a $1 billion solar cell and module manufacturing facility in Saudi Arabia. Jinko Middle East will hold a 40% equity interest in the venture. The project is subject to regulatory approvals.
The joint venture represents a significant investment in renewable energy and could enhance JinkoSolar's market position and revenue potential. The project is subject to regulatory approvals, which could introduce some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100