JA Solar Holdings Co., Ltd. (JASO) Signs RMB 30B Agreement with China Development Bank
JA Solar, www.jasolar.com – a global leader in high-performance solar cells and modules, today reported signing of a Financial Partnership Agreement with the Shanghai branch of the Chinese central government’s solely owned policy bank, China Development Bank (CDB). The agreement constitutes a rather symbiotic operational framework for collaborative efforts between CDB and JASO while developing the Company’s long-term growth strategy, and provides up to RMB 30B of financing and credit facility towards that end. Internal CDB risk management and operational regulations (subject to individual credit and lending agreements) will ultimately determine the discrete details of terms for the credit facilities,…