in News Departments > New & Noteworthy
print the content item

comments: 0

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.



SolarEnergyTradeShow_id1384

Solar Careers
Latest Top Stories

Report Benchmarks U.S. Electric Utility Clean Energy Deployment

As the U.S. Environmental Protection Agency prepares for its listening sessions on its Clean Power Plan for existing power plants next week, a new report ranks the cleantech performance of nation’s largest electric utilities.


Solar Sector Fears WTO Ruling Against Tariffs Won't Save The U.S. From Itself

Although the WTO says U.S. anti-dumping tariffs levied on Chinese PV manufacturers are improper, few expect the ruling to prevent a rise in module prices.


Xcel Energy Offers Solar*Rewards 'Bridge' For Colorado Solar Installations

As an incentive for the continued development of customer-sited solar, Public Service Co. of Colorado has agreed to advance capacity for its popular Solar*Rewards program.


Flexible Sources Key To Integrating Solar PV Into Utility Operations

A report from three U.S. Department of Energy labs proposes a framework for integrating various amounts of PV into the grid.


PV Industry Leaders See A 'Second Gold Rush' Coming In The Solar Sector

A panel of solar sector executives from across the PV supply chain at Intersolar North America says the widespread adoption of distributed generation energy sources is inevitable.

S&C Electric_id1352
Lufft_id
WIP_id1320
PVcobra_id1394
SnakeTray_id1373