China Development Bank lends USD-4.8bn to Guangdong Nuclear for wind projects
Nov 23, 2012 - China Development Bank (CDB) said Wednesday it had agreed to extend a CNY-30-billion (USD 4.8bn/EUR 3.7bn) loan to China Guangdong Nuclear Power Holding Co to finance wind projects development.
The financing will be provided in the next three years for domestic and overseas projects, involving the construction and operation of wind farms, the state-owned lender said.
Further details on the agreement have not been specified.
Guangdong Nuclear's wind energy subsidiary has more than 4.3 GW of projects completed or under development in China.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.