Arab Today, arab today cdb to provide 1 bln usd financing for solar firm
Last Updated : GMT 15:02:17
Arab Today, arab today
Arab Today, arab today

CDB to provide 1 bln USD financing for solar firm

Arab Today, arab today

Arab Today, arab today CDB to provide 1 bln USD financing for solar firm

Beijing - XINHUA

China Development Bank, the country\'s largest policy bank, has agreed to provide 1 billion U.S. dollars of financing for a Swiss subsidiary of a Chinese solar firm to support its overseas expansion. The financing will be provided over a period of five years and its final conditions, terms and amount are subject to the two parties\' further approval, according to a press release from the JinkoSolar Holding Co. Ltd., a solar product manufacturer headquartered in Shanghai and listed in New York. The funds will be used for JinkoSolar\'s overseas expansion, including merger and acquisition as well as construction of solar power plants, the company said, citing a strategic cooperation agreement signed by JinkoSolar (Switzerland) AG and the CDB\'s Guangdong Branch in Switzerland on Friday. Chinese solar panel producers have been embattled by excessive capacity and heavy duties from anti-dumping probes in the United States and Europe. JinkoSolar saw the total capacity of its solar product shipments reach 335.2 megawatts in the third quarter of this year, according to information on the company\'s website. The firm suffered a net loss of 54.8 million yuan (8.7 million U.S. dollars) in the third quarter, compared with a net income of 68.1 million yuan in the same period of last year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cdb to provide 1 bln usd financing for solar firm Arab Today, arab today cdb to provide 1 bln usd financing for solar firm

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cdb to provide 1 bln usd financing for solar firm Arab Today, arab today cdb to provide 1 bln usd financing for solar firm

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday