Caixin
Jan 08, 2019 07:28 PM
BUSINESS & TECH

Jinko Power’s Listing Highlights Solar’s Shift from Panels to Plants

Chinese workers install solar panels at a JinkoSolar plant in Shangrao city, in East China's Jiangxi province, on Oct. 11, 2015. Photo: IC
Chinese workers install solar panels at a JinkoSolar plant in Shangrao city, in East China's Jiangxi province, on Oct. 11, 2015. Photo: IC

A spin-off of the world’s biggest solar panel manufacturer has filed to list in China as it looks to raise 2.5 billion yuan ($365 million) to finance the construction of new solar power plants despite the clouds looming over the industry.

Several photovoltaic solar panel producers and solar plants are struggling to stay afloat in China after the government reduced generous subsidies in order to shed excess capacity and reduce costs to make solar-generated electricity cheaper than power from coal plants.

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