China Development Bank to Lend $162 Million to Shunfeng Units
The loan will fund solar farms in China’s northwestern region of Xinjiang with a combined generation capacity of 130 megawatts, Shunfeng said in a statement to the Hong Kong stock exchange yesterday. The terms weren’t disclosed.
China Development Bank, a state-owned lender, has lent at least 7.08 billion yuan for solar power development this month, according to data compiled by Bloomberg. Other borrowers include China WindPower Group Ltd. (182) and JinkoSolar Holding (JKS) Co.
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