CHINA: JinkoSolar Holding Co. Ltd announced that it has signed a RMB360 million (approximately $58 million) 15-year loan agreement with China Development Bank (CDB). The company will use the financing to develop its domestic PV solar power plant projects.
"We are very pleased to further extend our relationship with CDB by signing this loan agreement," stated Xiande Li, chairman of JinkoSolar.
"Securing long-term and stable source of capital, within this agreement, will reinforce our competitive status and already leadership position in the Chinese market. It demonstrates CDB's trust in the Company's strong balance sheet and solid market reputation. We will utilize the financing to promote the development of our PV solar systems to create more opportunities in the green energy field."