solar finance

China Development Bank Finances LDK-SPI Solar International Expansion Plans

China Development Bank is stepping up its international lending to leading Chinese solar power companies even as the industry is being rocked by a glut of solar photovoltaic (PV) modules and heightened uncertainty of government support in key markets. LDK and its US subsidiary SPI Solar announced CDB is providing them financing totaling $64 million to carry out solar PV project development in California and New Jersey.