Yingli signs framework agreement for US$324 million with China Development Bank

April 20, 2012
Facebook
Twitter
LinkedIn
Reddit
Email

Yingli Green Energy Holding and China Development Bank have signed a framework agreement for US$324 million in funding according to a report from Bloomberg. The funding will be used for a trade platform in Hong Kong in order to import raw materials.

Bloomberg noted that Yingli advised the funding would be providing in a US$24 million and US$300 million denominations. The company claims that this funding and its platform will help it cut down on foreign-exchange and financing costs.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The announcement comes in the midst of a suit filed by SolarWorld alleging unfair dumping practices. “It’s just a framework agreement,” Miao Qing, director of investor relations at Yingli, said in a telephone interview with Bloomberg. “Yingli borrowed little from a US$5.6 billion credit-line deal signed in 2010.”

Read Next

Premium
October 24, 2025
Marcel Suri explores the datasets that will help improve the accuracy of PV output estimation and drive better performance.
October 24, 2025
US solar tracker manufacturer Nextracker and Saudi-based energy company Abunayyan Holding have formed a joint venture (JV) in Saudi Arabia.
October 24, 2025
The Saudi state-owned renewables developer Masdar has begun construction on a giant solar-plus-storage project in Abu Dhabi.
October 23, 2025
The average price of a solar PPA signed in Europe in Q3 2025 fell below €35/MWh, reaching €34.25/MWh, according to LevelTen Energy.
October 23, 2025
Infrastructure investment firm Nuveen Infrastructure has secured US$171 million in financing for a 137MW solar PV plant in South Korea.
October 23, 2025
US solar manufacturer T1 Energy sold approximately 725MW of solar modules in Q3 2025, as it continues to expand US manufacturing capabilities.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany
Solar Media Events
March 24, 2026
Lisbon, Portugal