JinkoSolar Will Utilize Finance Leasing From China Development Bank To Develop 1 GW Of PV Projects Over Next 5 Years

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The leading solar energy company JinkoSolar will be utilizing finance leasing from the China Development Bank Leasing Limited to develop 1 gigawatt (GW) of solar photovoltaic (PV) projects during the next half-decade, according to recent reports.

This 5-year development plan will see roughly 200 megawatts (MW) of project capacity built a year by the company’s project developer subsidiary, JinkoSolar Power.

Jinko-Solar-logo

While finance leasing has until now remained relatively underused by the solar industry in China, that is beginning to change — offering developers a path involving lower costs and risks.

To perhaps oversimplify it somewhat, finance leasing results in the acquisition of the solar assets by the lender, who then rents these assets back to the developer under an agreed upon leasing period — typically while leaving further options on the table.

The Chairman of JinkoSolar, Xiande Li, commented: “Financial leasing has the potential to greatly revolutionize PV project financing. By cooperating with CDBL, we are broadening our financing channels. PV financial leasing is still in its early stages in China and is complementary to the traditional financing we get for the construction of our PV power plants. It effectively reduces the financial pressures faced during project development, improves the liquidity of our project assets and ensures investment returns for both parties.”

Solar PV project development guidance for 2015 for JinkoSolar is currently in the 600–800 MW range. It’s not yet completely clear how much the above-discussed news will affect the company. Considering that it’s been doing quite well as of late, though, it’ll presumably result in further growth.

Note that JinkoSolar has been a top 10 solar module producer for the past few years.

Image Credit: JinkoSolar


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James Ayre

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

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