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.

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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
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