JinkoSolar Gets $58 Million Loan From China Development Bank

JinkoSolar Holding Co. Ltd. said it signed an agreement with China Development Bank Corp. for a 360 million yuan ($58 million) loan to support its domestic photovoltaic projects.

The loan agreement is for a 15-year period, JinkoSolar said in a statement on PR Newswire today.

“Securing long-term and stable source of capital, within this agreement, will reinforce our competitive status and already leadership position in the Chinese market,” said Xiande Li, chairman of JinkoSolar. “It demonstrates CDB’s trust in the company’s strong balance sheet.”

To contact the reporter on this story: Marc Roca in London at mroca6@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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