CHINA’S LOAN GUARANTEES TO SOLAR

$41 Billion in Loans awarded by Chinese Banks to Chinese Solar Companies Since 2010
Septemeber 25, 2011 (Mercom Capital Group)

"Loans by state owned Chinese banks to Chinese solar companies in multiple transactions amounted to almost $41 billion since last year. In 2010 the loans amounted to $32.6 billion and year to date in 2011 the loans have amounted to $8.1 billion…"

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"Most active lenders were China Development Bank with about $30.5 billion in loans issued, followed by Bank of China with about $8.8 billion in loans issued. LDK solar has received the largest loan amount so far with $8.9 billion, followed by Jinko solar with 7.6 billion, Suntech with $7.3 billion, Yingli with $5.9 billion, JA Solar with $ 4.4 billion, Trina Solar with $4.4 billion, Hanwa Solar One with $1.9 billion, China Sunergy with $160 million and Daqo New Energy with $154 million."