Goldpoly New Energy Forms China-Backed $10 Billion Solar Energy Consortium

Goldpoly New Energy Holdings Ltd. formed an investment consortium to build solar plants in Europe with China Technology Development Group Corp. (CTDC) and TBEA SunOasis Co., according to an e-mailed statement today.

China Development Bank and China Merchants Bank will provide $10 billion of credit facilities to the consortium, the statement said.

To contact the reporter on this story: Billy Chan in Hong Kong at bchan101@bloomberg.net

To contact the editor responsible for this story: Ben Richardson at brichardson8@bloomberg.net

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