ABB_id1481
in News Departments > New & Noteworthy
print the content item

ReneSola Ltd. has signed a RMB 320 million (approximately $50.9 million) 15-year loan agreement with China Development Bank.

"This funding will support our operations in China, a market in which we saw encouraging growth in the fourth quarter of last year," notes Xianshou Li, CEO of ReneSola. "Our ability to secure additional capital amid weak macro conditions and a tight credit environment speaks to our healthy overall financial position, as well as to the ability of our management team."

The company did not provide any further details on the terms of the loan.



Hybrid Energy Innovations 2015

Latest Top Stories

Colorado Community Solar Partnership Could Be The Start Of A Beautiful Market

Community solar programs have the potential to unlock tremendous solar demand in the U.S. that currently cannot be addressed due to siting constraints.


Solar Asset Management Marked By New Owners And Aging Fleets

Competition among new capital for desirable utility assets, acceptance of distributed generation alternatives and the demands of installed capacity showing signs of age is fueling new opportunities for growth.


U.S. ITC Votes To Uphold Anti-Dumping Finding Against China And Taiwan

Although not unexpected, the decision to uphold a preliminary finding will lead to tariffs on PV products imported into the U.S.


Solar And Wind Drove New Clean Energy Investment Up 12% In 2014

Despite a reduction in Europe's major renewable energy market subsidies and very competitive natural gas prices in the U.S., investment in the global clean energy sector for 2014 registered its first annual increase since 2011.


Study Finds U.S. Solar Jobs Have Grown 86% In Four Years

Despite a leveling out in the cost of photovoltaic power, solar jobs continue to climb in the U.S. far above other sectors.

2015 Buyer's Guide Register
Hybrid Energy Innovations 2015
PV America_id1480
Solectria_id1450