A subsidiary of Chinese solar photovoltaic solutions company JinkoSolar has signed a $150-million loan agreement with Credit Suisse and several other financial institutions. The funds are to be used to expand the portfolio of the subsidiary JinkoSolar Power Engineering Group in China.

The company reports that the funds would be adequate to expand capacity of JinkoSolar by 1.4 gigawatts. Credit Suisse acted as the sole arranger and led the consortium of investors in the financing.

According to a statement, the loan agreement provides a 18-month senior secured term loan to Jinko Power.

Last month, JinkoSolar (U.S.) got its credit limit with Wells Fargo Bank raised from $20 million to $40 million under new terms of credit agreement.

“Raising our credit limit indicates Wells Fargo’s recognition and confidence in JinkoSolar’s financial position,” Charlie Cao, the chief financial officer of JinkoSolar said in a statement.