JinkoSolar, a global leader in the solar PV industry, announced that its Board of Directors has authorized the exploration of strategic alternatives with respect to JinkoSolar’s downstream solar PV project business.
The Board intends to consider a broad range of alternatives including, but not limited to, an IPO, pre-IPO financing or merger and acquisition of the business.
The company says the separation will support the sustainable growth of its downstream PV project business, which is expected to exceed 500MW of installed capacity by the end of 2014.
JinkoSolar management, together with its financial and legal advisers, will explore strategic alternatives, including the exploration of the separation of its solar PV projects business into a separate company through a spin-off or other transactions that will benefit the company’s shareholders.
The company said there can be no assurance that the Board of Directors’ authorization above will result in any transaction, or that any transaction, if pursued, will be consummated.