to-the-point: Renesola gets USD-18m loan for distributed solar
Solar system. Author: sasha sakharov. License: Creative Commons.
Chinese solar company ReneSola Ltd (NYSE:SOL) has obtained a CNY-120-million (USD 18m/EUR 15.2m) loan to finance 30 MW of distributed solar projects in Henan province.
The funds were provided by China Kangfu International Leasing Co Ltd, an affiliate of China’s State Power Investment Corporation (SPIC), Renesola said in a press release on Wednesday without providing details about the projects.
“This facility reinforces our confidence in the enormous potential of China's domestic distributed generation market,” said chairman and CEO Xianshou Li.
As of March, Renesola had a pipeline of over 1 GW of projects in various stages, the company said previously.
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.