Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

China Windpower Teams Up With China Development Bank for Solar

China Windpower Group Ltd., China Development Bank Corp. and China Asset Management Co., Ltd. agreed to invest in solar power as the nation that’s seeking to limit pollution doubled targets for new projects.

They will set up a joint venture to invest in solar projects at home and abroad, China Windpower said today in a statement. The Hong Kong-based company will own 45 percent while units of China Development Bank and China Asset Management will hold the remaining shares.

China Windpower is boosting its solar business after the country set a target to add 10 gigawatts of new solar projects this year, more than double a previous goal. China is expected to drive annual global solar installations to a record and unseat Germany as the biggest market in 2013 as it seeks to curb coal dependence and social unrest from pollution, according to Bloomberg New Energy Finance.

The accord, signed as a memorandum of understanding, is subject to a formal agreement, according to the filing.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.