JinkoSolar receives $39M in loans for two solar projects

|About: JinkoSolar Holding Co., Ltd. (JKS)|By:, SA News Editor

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.