Sky Solar, a solar PV developer, gets $1.6bn credit line from China Development Bank.

October 30, 2012 Clean Energy, Finance 

Recharge: “Sky Solar, a Chinese developer and investor in PV power plants, has been awarded a 10bn yuan ($1.6bn) credit facility from China Development Bank (CDB) to finance its growing pipeline of projects. ….the credit facility is one of the first to be awarded by a state bank to an independent solar power developer. …..Sky Solar invested in and constructed nearly 120MW of solar plants in 2011, mostly in Germany, Canada, Bulgaria and Greece. It is scheduled to connect its first MW-scale projects in Japan to the grid by the end of the year and is also investing heavily in China, recently breaking ground on a 50MW project in Qinghai province. Sky Solar is planning to raise funds in a share listing in early 2013, Zhang told Recharge in March this year.”

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