Keppel Infrastructure Fund Management Pte (KIFM), as trustee-manager of Keppel Infrastructure Trust (KIT), has signed a non-binding memorandum of understanding (MOU) with Jinko Power (HK) Company Limited to explore solar farm and energy storage investment opportunities.
Under the terms of the MOU, Jinko will identify up to 1,000 megawatts of solar farm and energy storage projects from its high-quality pipeline of assets, which KIT potentially can invest in.
Each of these assets will be in jurisdictions that meet KIT’s investment criteria, in key developed markets of Asia Pacific, Europe and the Middle East. It is envisaged that KIT and Jinko will enter into separate investment agreements to acquire and hold the respective assets through special-purpose vehicles.
Headquartered in Shanghai, Jinko Power is a leading independent solar-power producer with about 3 gigawatts of installed capacity and 18,000 gigawatt hours (GWh) of cumulative power generation in China
