May 7 (Bloomberg) -- Shunfeng Photovoltaic International Ltd., a Hong Kong-based manufacturer of solar products, is in talks on financing for various projects and developments.
The company is exploring its options including debt and equity raisings, it said today in a statement to the Hong Kong stock exchange. China Business News reported yesterday that the company is likely to secure 100 billion yuan ($16 billion) in credit lines from China Development Bank Corp.
Financing is required for expansion, Shunfeng said without giving details. Shunfeng last week agreed to buy the inverter and building-integrated photovoltaics units of Sunways AG.
Shunfeng Chairman Zhang Yi said in January that the company plans to install 3 gigawatts of solar projects this year as part of a plan to build 10 gigawatts in the three years through 2016.
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