The "strategic agreement" was signed between ICBC and Jinko Power, Jinko’s fast-growing subsidiary focused on project development and power generation. The funding will be made available over the course of three years, and include a range of instruments such as working capital loans, supply chain financing loans, and project loans.
The credit line, extended by the Jiangxi provincial branch of the ICBC, reflects a growing willingness by commercial Chinese banks to invest in the country’s downstream solar market, says Jinko chairman Xiande Li.
The
