Yingli Green has secured two short-term loans worth a total of US$165 million from China Development Bank (CDB) to purchase raw materials.

The high value of the loan deal suggests it is most likely for polysilicon.

Despite Chinese banks restricting lines of credit to many China-based PV manufacturers, key manufacturers continue to be well supported financially.

CDB was said to have agreed a loan to Yingli China worth US$110 million on a one year basis as well as a three-year loan of US$55 million to complement its working capital needs and support the procurement of raw material. 

Liansheng Miao, chairman and chief executive of Yingli Green Energy sai: "With the new financing in place, we're confident to continue to solidify and reinforce our leading position globally. At the same time, as our operating cash flow position is on track to gain improvement, we expect to continuously optimize our balance sheet."

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