SolarPVInvestor Forums

South Africa becoming new hot spot! JkS and SOL both announcing big presence down there this week and now China Bank forming a deal to develop Solar down there. Great news. Bloomberg also picked it up

http://www.bloomberg.com/news/2013-04-05…bank-china.html

Yes I believe the CDB is investing in the downstream with the idea in mind to help their Chinese Solar Manufacturers. This is an interesting article

http://www.renewableenergyworld.com/rea/…eam-development

Quoted from "Klothilde"

http://www.pv-magazine.com/news/details/…/#axzz2PCpExVZV

Banks to coperate on renewable projects.

Do you guys think preference will be given to China modules now that a big Chinese bank is pumping in zillions of credit?

From the bloomberg article.... This should answer your question...


"The portion funded by ICBC will vary depending on whether the projects employ Chinese staff and equipment, according to Alastair Campbell, executive vice president for power and infrastructure at Standard Bank. ICBC will lend as much as 80 percent of the senior debt requirement when there’s Chinese content, with Standard Bank providing the rest. Otherwise it will lend as much as 50 percent, Campbell said in an e-mail."

That is rather awesome. EU has 10% bonus for the content, now Chinese bank provides this globally. Excellent.

This alone would turn the tide on exchanges but nobody is paying attention.

Quoted from "odyd12"

That is rather awesome. EU has 10% bonus for the content, now Chinese bank provides this globally. Excellent.

This alone would turn the tide on exchanges but nobody is paying attention.

My thoughts exactly. Not only is China going to fund huge growth installs at home, but now they are going to fund massive solar installations in emerging solar markets to fast track huge growth. Now this is getting exciting, let market digest this over the weekend.

nobody pays an attention?
They pays an attention quetly. Take a look how they started TODAY building a defense: asks were set huge and almost all of them were ruined by buyers. Today e.g. CSIQ broke through all barriers, while SOL buy/sell ratio was 2.7/1 instead of last month regular 1/5-1/8.
Nevertheless you are right in facts - it is awesome while material reward will be later, may be on Monday, may be in many weeks ahead.

This is a very big deal. Having the Bank of China provide financial backing to create DEMAND for solar projects...instead of continually loaning money to manufacturers...is the first BIG step toward the future explosion of solar installs.

This looks like a better approach from China. Do you think it's a fallout of the chinese solar companies struggles or part of a pre-determined plan or just an opportunity for the bank to make money??

Quoted from "Klothilde"

I sense a bit of chinese bias here. Maybe we should rename this forum into ChiPVInvestor ?

Sense it? It is built in. EU premium of 10% is not European bias? Why is always when Chinese do something is considered a problem everyone else does it is called solution?