China solar energy expansion requires billions
But banks wary of lending to the sector after defaults during eurozone debt crisis
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Shanghai
CHINESE solar energy companies, some already heavily indebted, will need to raise many billions of dollars this year to fund a big expansion in capacity - a major test of investor confidence in a sector hit hard by the global financial crisis.
Beijing last month announced a solar installation target of 17.8 gigawatts (GW) for 2015 - up 70 per cent on the previous year - to boost the use of renewable energy and prop up China's solar panel industry, the world's largest.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
