Jinko Power Partners with TAQA, Masdar and EDF Renewables to Complete US$870.75 Million Green Bond Refinancing for Al Dhafra Solar PV Plant

21 January 2026, Shanghai China – Jinko Power Technology Co. Ltd ((601778.SH) “Jinko Power”), a leading global solar IPP developer, together with Abu Dhabi National Energy Company PJSC (“TAQA”), Abu Dhabi Future Energy Company (“Masdar”), and EDF Renewables, today announced the successful issuance of a US$870.75 million (AED 3.2 billion) green bond by the project company of the Al Dhafra Solar Photovoltaic Power Plant to refinance the project.
The proceeds from the green bond issuance will be used primarily to refinance the project’s existing debt. The transaction was coordinated by BNP Paribas and HSBC as Joint Global Coordinators, with Crédit Agricole CIB, MUFG, Standard Chartered Bank and SMBC acting as Joint Lead Managers and Bookrunners. The bonds comply fully with leading international green financing standards, including the Climate Bonds Standard and the EU Taxonomy for sustainable activities, and have been rated A3 by Moody’s and A by S&P.
Mr. Charles Bai, President of Jinko Power International Business, commented:
“The successful green bond refinancing of the Al Dhafra Solar PV Plant is a remarkable validation of the project’s underlying asset quality, operational resilience, and long-term viability. It is also a strong vote and clear confidence of global capital markets in Abu Dhabi and bankable, utility-scale renewable energy assets.”
“At Jinko Power, we remain firmly committed to partnering with leading sponsors, lenders, and institutional investors to deliver high-quality renewable infrastructure that meets the highest international standards. We believe that trust-based, long-term partnerships are fundamental to scaling sustainable investment, unlocking opportunities, and accelerating the global energy transition.”
Commissioned in 2023, the Al Dhafra Solar PV Plant is among the world’s largest single-site solar photovoltaic facilities. The project comprises nearly four million bifacial solar panels and deploys advanced, water-free robotic cleaning technology, maximising energy yield while significantly reducing water consumption. TAQA holds a 40% equity stake in the project, Masdar owns 20%, while EDF Renewables and Jinko Power each hold 20%.
This landmark refinancing marks an important milestone for Jinko Power’s international portfolio. It underscores the company’s proven capability to develop, finance and operate world-class renewable energy assets, while further strengthening its access to international capital markets. The successful collaboration with leading regional partners and global financial institutions enhances Jinko Power’s credibility across key growth markets and supports the continued expansion of its large-scale clean energy platform.
About the Al Dhafra Solar PV Plant
Located in Abu Dhabi, the Al Dhafra Solar PV Plant achieved one of the most competitive solar tariffs globally, initially set at AED 4.97 fils/kWh (USD 1.35 cents/kWh) and subsequently improved at financial close. Following more than two years of commercial operations, the plant is expected to reduce carbon emissions by approximately 1.1 million metric tonnes annually, equivalent to removing around 200,000 cars from the road. The green bond refinancing further reinforces Abu Dhabi’s commitment to advancing a sustainable, low-carbon energy system.
About Jinko Power
Founded in 2011, Jinko Power is a globally recognised independent power producer that develops, builds, finances, owns and operates solar power projects worldwide. The company is dedicated to making solar energy one of the most sustainable and competitive sources of power globally.
As of September 2025, Jinko Power has approximately 6 GW of operating solar IPP capacity in China and around 4.35 GW of solar projects developed, constructed and in operation internationally. The company manages a diversified global portfolio, including the world’s largest operational single-site solar power plant, and continues to advance a multi-gigawatt development pipeline across key markets in the Middle East, Europe, Latin America and Asia-Pacific.