China WindPower Gets $81 Million in Loans for Solar Farms

China WindPower Group Ltd. (182), a clean-energy operator, got 490 million yuan ($81 million) in loans from China Development Bank Corp. for solar farms.

The 15-year loans will be used to develop a 50-megawatt solar power project in Yongren, Yunnan province, and a 20-megawatt plant in Delingha, Qinghai province, China WindPower said in a statement on its website today.

The company said the bank has provided a total of 1.23 billion yuan in long-term financing to the company’s solar farms to date. China WindPower operates eight solar power projects with a combined capacity of 150 megawatts.

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at fshen11@bloomberg.net

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

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