Tag Archives: cdb

Yingli Green Energy (YGE) Gets $70 Million Loan, Replaces VP

In the midst of a credit crisis, Yingli Green Energy (YGE) isn’t having a problem getting a loan to expand operations.  The company has announced that China Development Bank, which is owned by the Chinese government, has provided the company with a conditional $70 million, 8 year loan agreement.

“We are pleased to receive financing support from CDB,” Said Yingli CFO Mr.Zongwei Li.   “As one of the world’s leading vertically integrated PV product manufacturers, … Read the rest