Yingli Solar and a US-based bank holding company, CIT, with more than US$34 billion in financing and leasing assets have started a strategic financing relationship, enabling business customers of Yingli Green Energy's US subsidiary, Yingli Americas, to obtain funds for PV installations in the US.
“We are pleased to provide our customers with access to financial solutions from CIT, an innovative and long-standing market leader in financial services,” said Robert Petrina, Managing Director of Yingli Americas. “We have been working hard to provide numerous opportunities to make solar projects as streamlined and financially accessible as possible. With this new relationship, we hope to continue to simplify that process.”
Few other details were made available, but the deal reflects a growing trend of finance options for PV installations in the US from leading PV module manufacturers.