China Sunergy has entered in $160 million of financing and credit facility agreements with China Development Bank (CDB). The facilities, which include a combination of both long- and short-term loans, will be used in cell capacity expansion and as working capital. The agreement was signed by China Sunergy’s two domestic subsidiaries China Sunergy (Nanjing) and CEEG (Nanjing) Renewable Energy. The credit facility will allow the specialized solar cell and module manufacturer to pursue market opportunities in a timely manner and add to its long-term growth and competitiveness.
Click here for the release from PR Newswire.