JinkoSolar receives $39M in loans for two solar projects


The state-owned China Development Bank, which has a long history of issuing loans to local solar firms, is providing JinkoSolar (JKS -3.7%) with RMB214.4M ($39M) in loans to help pay for a 20MW project in Xinjiang province, and a 15MW project in Gansu province.

The projects have already been connected to China's grid. Jinko announced in its Q4 report it has a 700MW pipeline of utility-scale solar projects, and a 400MW pipeline of distributed projects. It connected 108MW worth of systems to the grid in Q4.

From other sites
Comments (1)
  • The Political Economist
    , contributor
    Comments (350) | Send Message
     
    These projects will be just the tip of the iceberg for 2014.
    3 Apr 2014, 06:58 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs