China WindPower to Get $942 Million in Loans for Solar Farms
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China WindPower Group Ltd., an operator of renewable-energy projects with a market value of HK$5.62 billion ($725 million), said it will get as much as 5.7 billion yuan ($942 million) in loans from the China Development Bank Corp.’s Qinghai Branch for solar farms.
The funds will be invested in more than 800 megawatts of solar projects this year and next, China WindPower said in a statement distributed by PR Newswire yesterday.