China Development Bank Gives Sky Solar $1.6B Loan for Downstream Development

RSSfeed
RSSfeed Registered Users Posts: 3,810 ✭✭
body-china-development-bank-gives-sky-solar-1-6b-loan-for-downstream-development.jpg The China Development Bank (CDB), largely considered to be the main engine behind the Chinese government's economic development policies, has issued solar project developer Sky Solar Holdings a loan for 10 billion RMB (US$1.6 billion). The agreement, which runs until 2016, is being seen as a way for China to solve its problem of PV solar panel overcapacity while simultaneously ushering downstream development of its solar interests.

More...