Loans and credit facilities by state owned Chinese banks to Chinese solar companies announced in multiple transactions amounted to almost $41 billion since last year. In 2010 loans and credit facilities amounted to $32.6 billion and year to date in 2011 has amounted to $8.1 billion.
Most active lenders were China Development Bank with about $30.5 billion, followed by Bank of China with about $8.8 billion. LDK led with $8.9 billion, followed by Jinko Solar with $7.6 billion, Suntech with $7.3 billion, Yingli with $5.9 billion (4 transactions – 1, 2, 3, 4), JA Solar with $ 4.4 billion, Trina Solar with $4.4 billion, Hanwa SolarOne with $1.9 billion (2 transactions – 1, 2), China Sunergy with $160 million and Daqo New Energy with $154 million.
*Data derived from company and public sources.
Update: This post has been corrected – ‘loans’ has been replaced by ‘loans and credit agreements’.
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