JinkoSolar Holding Co., Ltd. Signs RMB 400 Million 15-Year Project Loan Agreements with China Development Bank
According to the terms of the agreements, the Zhejiang Branch of CDB will provide a 15-year loan totaling RMB 400 million which will be used to finance three PV solar power plant projects in Xinjiang and Qinghai Provinces. Consisting of a total of 50MW, the projects were developed by JinkoSolar and connected to the grid in the fourth quarter of 2013, and are qualified for China's national feed-in-tariff of RMB 1.00 per kW/h. The company will continue to work closely with CDB for financing more solar PV projects.