JinkoSolar said the bank will provide it with finance up to that sum over the next five years, with possible applications including M&A activity, bridging loans and project finance "especially for distributed PV projects".
CMBC’s first loan will be 89m yuan to back a 20MW distributed PV project on factory and office rooftops in Haining Hi-tech Park, Zhejiang Province.
JinkoSolar plans to extend the same model to three 20MW projects in Jiaxing City.
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