ReneSola signed a loan agreement with CDB

In the evening of the 21st, the solar wafers and photovoltaic manufacturer ReneSola Group announced, a continuous 15-year 320 million yuan (about 50.9 million U.S. dollars) loan agreement has been signed with the China Development Bank. Affected, ReneSola the date listed in U.S. stocks in early trading rose 11%, closed up more than 8 percent, to $ 1.74.

Insiders told reporters, ReneSola credit support on the weathervane significance, bank photovoltaic industry and not blindly closed the contrary, there are more opportunities for technical capabilities of enterprise credit support will be more focused tendency Fuyou support the strong. "

According to the reporter from the Energy Board to understand the situation in the short term, photovoltaic home solar panels supporting policies and rules to be announced the implementation of its three core access conditions, subsidies, standards, as well as credit support. The policies with Price significance definitive figures will be announced access standards, credit support policy will continue to make adjustments based on macroeconomic and industry characteristics.

ReneSola announced on the 14th of this month, quarterly showing signs of turnaround. Yuhui Solar wafers and components of the fourth quarter, shipments of 713.2MW, exceeded the company's previous forecast of 635-675MW, a growth of 33.9% year-on-year increase of 109.8%; net revenues of $ 306.5 million, more than the company had expected 2.4-2.6 one hundred million U.S. dollars , growth of 40.5% year-on-year increase of 63.3%.

Earlier this month, another PV solar inverter Group announced of CDB 20 million euros for financing support to help overseas PV power plant project development, construction. 2012, Solar Systems business is to achieve a 100% growth. Earlier this month, Chen Yuan, chairman of China Development Bank, revealed that during the two sessions this year to guard against the risk of photovoltaic industry, the photovoltaic industry in new loans incremental control. Cause photovoltaic industry concerns about the credit off for a time in the industry.

"March for the two companies to obtain the latest credit is a weathervane, risk control well in the future, to achieve steady growth performance enterprise will still get credit support, there is no 'off for' one said." A new energy senior analyst in the field, the reporter said, "In fact, the CDB power station on the photovoltaic http://www.solarpanelcellonline.com business loans has never stopped, but very tight operating loan closing, the end of last year, the State Council executive meeting also proposed to strictly control the photovoltaic excess capacity to achieve survival of the fittest. Suntech shifted from the heyday fading credit surge accused its important force behind. "