Goldpoly New Energy Forms $10 Billion Solar Energy Consortium

June 16 (Bloomberg) -- Goldpoly New Energy Holdings Ltd. formed an investment consortium to build solar plants in Europe with China Technology Development Group Corp. 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.

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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