Currency converter
^
All news
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

JA Solar to Get Buyer's Credit Insurance From SINOSURE

February 06, 15:00 UTC+3
Share
1 pages in this article

BEIJING, Feb. 6, 2017 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar"), one of the world's largest manufacturers of high-performance solar power products, today announced that China Export & Credit Insurance Corporation ("SINOSURE") provided export buyer's credit insurance to export around 300 MW JA Solar modules for a PV project developed by the multinational energy company ENEL S.p.A. ("ENEL") in Brazil. The total amount insured was US $145 million.

Bank of China and Banco Santander financed the purchase of the solar modules, while ENEL provided a loan guarantee and SINOSURE offered export buyer's credit insurance.

Mr. Jian Xie, President of JA Solar, commented, "This transaction demonstrates that the financial community recognizes the quality and reliability of JA modules, and that they feel confident in committing large amounts of capital to JA-powered projects. This transaction represents an important milestone for solar project development in emerging economies, because it is a model for financing structures that can reduce the cost of capital and accelerate the pace of development. We look forward to seeing this financing model support further solar deployment in Brazil and other emerging markets."

 

CONTACT: Erica Hu, +86-21-60955888/60955999, sales@jasolar.com, market@jasolar.com

Show more
Share
In other media
Реклама
Partner News
Реклама