Loans and Credit Agreements Involving Chinese Banks to Chinese Solar Companies Since Jan 2010

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.

Loans and Credit Agreements

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 billionSuntech with $7.3 billion, Yingli with $5.9 billion (4 transactions – 1234), JA Solar with $ 4.4 billionTrina Solar with $4.4 billion, Hanwa SolarOne with $1.9 billion (2 transactions – 12), China Sunergy with $160 million and Daqo New Energy with $154 million.

Loans and Credit Agreements by Chinese Banks to Chinese Solar Companies

*Data derived from company and public sources.
Update: This post has been corrected – ‘loans’ has been replaced by ‘loans and credit agreements’.