Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Shunfeng Photovoltaic in Talks on Financing for Expansion Plans

Don't Miss Out —
Follow us on:

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.

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

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Iain Wilson, Madelene Pearson

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.