17 Nov '11, 3pm

China’s Solar Loans Still Mostly Untapped via @greentechmedia

Here’s some bad news for those making the argument that China’s solar industry is being illegally beefed up with low-interest government loans. Five key Chinese solar and wind companies -- Suntech, Yingli Green Energy, Trina Solar, JA Solar and Xinjiang Goldwind Science & Technology -- have only tapped $866 million of the nearly $30 billion available to them in Chinese government credit lines. In other words, China’s biggest (and lowest-priced) solar companies have only tapped about three percent of the credit made available to them from the China Development Bank through 2010, according to a Wednesday report from Bloomberg New Energy Finance . While the report doesn’t contain much information about how much more those companies may have drawn in 2011, it does find “little to suggest that such loans were far below market rates,” according to report author Jessica Ng. Ng’s ...

Full article: http://www.greentechmedia.com/articles/read/chinas-solar-...

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