JinkoSolar Australia, a subsidiary of JinkoSolar, signed a one-year AUD37 million ($22.53 million) line of credit agreement with the National Australia Bank.
According to the agreement, the line of credit will be reviewed annually and includes AUD12 million ($7.31 million) of invoice financing and AUD25 million ($15.22 million) of bank guarantees. The financing will be used to expand JinkoSolar Australia’s business and supplement the working capital of JinkoSolar Australia.
“Our brand’s strong reputation for reliability and the long-term sustainable growth we are able to generate has consistently been recognized by leading financial institutions worldwide.” Charlie Cao, CFO of JinkoSolar, said, “As one of the largest banks in Australia, NAB provides strong financial support for us in very exciting times. We will continue to strengthen our business in Australia to support the enormous growth potential clean energy has in Australia.”
JinkoSolar is a solar module manufacturer.
