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
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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.
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