China Development Bank Lends $64M For US Solar Projects

Law360, New York (January 5, 2012, 1:08 PM EST) -- SPI Solar Inc. and its Chinese majority shareholder LDK Solar Co. have netted a combined $64 million in financing from China Development Bank to fund construction of solar energy projects in New Jersey and California, SPI said Thursday.

California-based SPI Solar secured $44 million from the bank for solar energy facility projects it is working on in southern New Jersey, the company said in a statement. SPI also said majority shareholder LDK Solar secured $20 million in financing for two projects it is developing with SPI in California.

The funding from the...
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