CDB lents $44 million to CSIQ Canadian Solar sought a $44 million loan from the China Development Bank to finance its project in China. It is a financing agreement for the construction of a 30MW solar project in the western part of China. Canadian Solar aims at becoming the world leader in PV provider with over 50% […]
China’s CDB to give 10 billion Yuan to Sky Solar Cheap capital is one of the strongest competitive advantages for a solar developer given the capital intensity of a big solar project where a 1% difference in interest rates can change the IRR of a solar project quite dramatically. Chinese solar companies have benefited in […]
Chinese Scenario Big Chinese state owned companies are gobbling up financially strained Western solar firms as a massive overcapacity in global solar panel supply (caused by their brethren) drives them to bankruptcy. Note thin film startups like Ascent Solar, Heliovolt have already seen Asian companies taking a controlling equity stake. Now Chinese state owned companies […]