The funds, capped at CNY 4.5 billion, will support several projects. JinkoSolar plans to invest CNY 500 million in a 1 GW advanced solar module manufacturing facility in Florida. It will use another CNY 2.74 billion to fund the second phase of its 56 GW integrated manufacturing project in Shanxi province, China, which includes a 14 GW module production plant. The remaining CNY 1.26 billion will go toward working capital and debt repayment. The Shanxi project, announced in May 2023, will be the world's largest integrated solar manufacturing base, with a 56 GW of capacity and a total investment of CNY 56 billion. It will combine wafer, cell, and module production, with a focus on n-type solar technology.