CDB to step-up support for China's PV majors, says report

China Development Bank (CDB) will prioritise loans to 12 of the country’s leading solar companies under plans to strengthen support for the industry and drive consolidation, according to a report.

The state-owned bank was asked by China’s chief policymaking body the National Development and Reform Commission (NDRC) to come up with recommendations to support healthy development of the sector and will soon submit its plan, a source tells the influential newspaper, China Securities Journal.

Details of the proposal were leaked just a few hours ahead of an announcement by the EU ProSun lobbying group that it was requesting a probe by the European Commission into financial support offered to China’s solar companies that it claims breaks WTO rules.

The group, which…

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