PVTIME – On 11 September, JinkoSolar (601778.SH) announced its plans to explore application models and scenarios that combine new energy with emerging technologies, such as the Internet of Things (IoT) and blockchain. To support this initiative, the company’s wholly owned overseas subsidiary, Hong Kong Crystal Energy Power Limited, has recently signed an Amended and Restated Exempted Limited Partnership Agreement and related subscription agreements. PUH MERCHANTS LTD will act as the investment general partner, and Gaia DT Guardians Investment Management Limited will serve as the technology general partner. Hong Kong Crystal Energy Power intends to invest in the fund using self-raised capital.
The announcement confirms that the fund will take the form of a Cayman Islands exempted limited partnership with a fundraising target of up to 300 million US dollars. Hong Kong Crystal Energy Power will participate as a limited partner, committing 30 million US dollars in capital contributions.
JinkoSolar Technology stated that the fund will focus on investments in the renewable energy sector and use blockchain technology to facilitate efficient connections between physical assets in this sector and global capital. As an experienced clean energy supplier and service provider, the company is making this investment to explore the value of on-chain and digitalised new energy physical assets while ensuring the stable development of its core business. This move aligns with JinkoSolar’s asset-light growth strategy, which aims to unlock extended investment opportunities for new energy amid global digitalisation, thereby supporting the company’s future development.
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