Jinko Power develops six renewable energy plants in Italy

Intesa Sanpaolo’s IMI Corporate & Investment Banking Division has participated in a EUR 50M green loan to Jinko Power (HK) Company Limited for the construction of six photovoltaic and agrivoltaic plants and battery energy storage systems in Italy.

The total investment for the construction of these plants, which will have an indicative combined capacity of over 177 MW, amounts to approximately EUR 127M. The projects will be developed by Jinko Power Italy S.r.l., a subsidiary of the Chinese group, including through its Italian subsidiaries, in various Italian regions, including: Lazio, Basilicata, Puglia, Calabria and Campania.

Jinko Power is part of the Chinese group Jinko Power Technology, one of the leading international operators in the development, construction and management of renewable energy generation plants.

Intesa Sanpaolo, through its IMI CIB Division, together with a leading international financial institution, acted as Mandated Lead Arranger and Bookrunner.

With this transaction, Intesa Sanpaolo, led by CEO Carlo Messina, confirms its ability to bring together international capital, specialist expertise and strategic vision in support of Italy’s economic development.