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JinkoSolar Signs RMB400M 15-Year Project Loan Agreements with China Development Bank


JinkoSolar (NYSE: JKS) today announced that it has entered into project loan agreements with China Development Bank ("CDB"). Pursuant to the agreements, the Zhejiang Branch of CDB will provide a RMB400 million (approximately US$66 million) loan to the Company to develop JinkoSolar's three PV solar projects located in Xinjiang and Qinghai Provinces. As a prioritized corporate client, JinkoSolar has been provided an authorized domestic credit line up to RMB3 billion (approximately US$494 million) for solar project financing by CDB.

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