JinkoSolar Gets $66M CDB Loan For China Solar Projects

Law360, New York (January 6, 2014, 2:06 PM EST) -- The China Development Bank will float Chinese solar manufacturing company JinkoSolar Holding Co. Ltd. a $66 million, 15-year loan to finance three solar projects in China's Xinjiang and Qinghai provinces, JinkoSolar said Monday.

The projects, which produce a total of 50 megawatts of electricity, were developed by JinkoSolar and hooked up to the grid last quarter. The projects also qualify for China's national feed-in tariff, according to JinkoSolar.

JinkoSolar said it's been given a $494 million credit line by CDB for solar projects, the company said....
To view the full article, register now.