LDK Solar (LDK) is announcing this morning it has received a loan of about $29 million from China Development Bank as well as approval for a credit line of around $145 million from Agricultural Development Bank of China which will help fund continuing business operations at a time when financing can be difficult. It appears China is ready and willing to fund their strongest solar companies.
“We are very pleased to secure this loan and … Read the rest
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