Jinko gets $66m China finance

JinkoSolar has secured 400m yuan ($66m) in project loans from the China Development Bank (CDB) for 50MW of PV capacity it recently commissioned in China’s Xinjiang and Qinghai provinces.

The arrays, spread across a trio of projects brought on line last month, all qualify for the national feed-in tariff of 1 yuan per kWh.

The loans – handed down by the CDB’s Zheijiang branch – are a continuation of Jinko’s “deep relationship” with the CDB, with Jinko referring to itself as a “prioritised corporate client” of the state-run financial institution.

Jinko – the first major Chinese PV manufacturer to return to profitability in 2013 – was among the 109 Chinese solar companies marked for ongoing policy support in a recent list published by Beijing.

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