28 Sep '11, 1pm

The Reality of China’s Billions in Solar Loans

The Reality of China’s Billions in Solar Loans

"Capital flows for cleantech in China are not well understood," said Dan Reicher of Stanford University in an interview we will publish later this week. But is that really true? A few weeks ago, I published a chart that sought to put the magnitude of the Solyndra loan money into perspective. Based on that chart, it would appear that China is providing tens of billions of dollars in low-cost loans to Chinese solar companies. The table that follows (from Mercom Capital) would seem to confirm this. f Chart by Ryan Cunningham using Reuters and Bloomberg sources Mercom Capital asserts that the loans to solar companies total over $40 billion over the last two years. Reuters , Bloomberg , and Mercom would seem like reliable outlets. But according to Suntech and other sources in the know -- they are flat-out wrong. According to a spokesperson from Suntech, of the total $7 billion ...

Full article: http://www.greentechmedia.com/articles/read/The-Reality-o...

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