LDK Solar Secures Financing for Two California Projects

The China Development Bank Corporation has recently approved a fifteen-year project loan for two solar power plants with a total capacity of 8 Megawatts combined. The solar power plants are located in California and are wholly-owned by LDK Solar.

CDB has also approved a fifteen-year buyer’s credit to KDC Solar LLC for its two New Jersey solar power plants, Imclone and White Rose, consisting of 14.7 MW of its 300 MW portfolio. Additionally, CDB approved two-year construction financing to EPC contractor, Solar Power Inc., a company majority owned by LDK Solar, for its undertaking of the New Jersey projects.

“The credit support from CDB not only satisfies LDK Solar’s own PV project financing demand, but also meets the end customer’s financing needs, which is expected to greatly promote LDK Solar’s module sales and EPC business,” stated Xiaofeng Peng, chairman and CEO of LDK Solar. “With the continuous support from CDB, LDK Solar will continue expanding its self-owned project development overseas, establish strategic partnerships and maintain a long-term stable cooperation with project owners to achieve a win-win situation for both parties.”

By Solarbuzz

The Author

Darryn Van Hout

I developed an interest in the Australian energy and construction sectors more than a decade ago and have since closely followed the trends, technologies and developments shaping both industries. My involvement in the Australian solar market began in 2008, and over the years I have built strong connections with professionals, businesses and organisations across the construction, solar and renewable energy sectors in Australia and internationally. These connections include solar panel and inverter manufacturers, electrical and construction industry professionals, software developers creating tools to quote, monitor and manage solar power systems, and media organisations that closely follow developments across energy, construction and renewable technologies. Today, I continue to contribute as an industry advocate, author and commentator, sharing practical insights and information to help Australian consumers and businesses better understand solar power, energy technologies, construction-related developments and the changing Australian energy landscape.