JinkoSolar lands US$58 million from CDB for domestic PV development

Facebook
Twitter
LinkedIn
Reddit
Email

Adding to its US$1 billion, five-year financing deal with JinkoSolar, China Development Bank (CDB) has signed a US$58 million loan agreement with the module manufacturer to fund PV power plant projects in China.

Xiande Li, Chairman of JinkoSolar, said: “Securing long-term and stable source of capital, within this agreement, will reinforce our competitive status and already [leading] position in the Chinese market.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The previously placed US$1 billion financing deal with CDB was said at the time to support JinkoSolar in expanding busines overseas including PV project development and EPC activities as well as support potential merger and acquisition strategies.

More recently, JinkoSolar secured US$128 million bond in China, said to be used for used for capital expenditure and working capital purposes.

The collapse into bankruptcy of Suntech Wuxi, the main operating arm of Suntech Power Holdings has sent shockwaves through Chinese banking and led to tighter credit risk assessments across the PV supply chain in China.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA