White River Renewables (“White River”) has completed the acquisition of two solar photovoltaic (“PV”) plants in Mexico from JinkoSolar, one of the world’s largest and most innovative solar panel manufacturers in the world (NYSE: JKS):
– Las Viborillas, a 130MWp PV plant located in the State of Jalisco – San Ignacio, a 25MWp PV plant located in the Yucatán Peninsula
Both plants are fully operational, having reached commercial operations under their PPAs in September 2018 and May 2019, respectively.
White River is a Mexican renewable energy company jointly sponsored by Riverstone Holdings (“Riverstone”), a leading energy and power private equity firm, and White Summit Capital (“WSC”), a Switzerland-based firm specializing in infrastructure investments and asset management.
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About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to diversified international utility, commercial, and residential customers globally.
JinkoSolar has built a vertically integrated solar product value chain, an annual capacity of 11.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of December 31, 2019.
JinkoSolar has over 15,000 employees across its 7 production facilities and 14 overseas subsidiaries globally.
Riverstone is an energy and power-focused private investment firm founded in 2000 by David M. Leuschen and Pierre F. Lapeyre, Jr. with over US$39 billion of equity capital raised to date. Riverstone conducts private equity and credit investments in the exploration & production, midstream, oilfield services, power and renewable sectors of the energy industry.
With offices in New York, London, Houston and Mexico City, the firm has committed approximately $40 billion to more than 180 investments in North America, South America, Europe, Africa, Asia, and Australia.
About White Summit Capital
WSC is an investor and asset manager specialized in the infrastructure and energy sectors, with over €1.3 billion of managed infrastructure investments to date.
Headquartered in Zug, Switzerland, WSC has offices in Madrid, London, and Mexico City with a total of 10 operational and transactional professionals.
With this transaction, WSC becomes manager of 335 MWp of utility-scale operating renewable assets across Mexico and Spain.