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Small China solar projects turn to crowdfunding

Banks decline to lend to small developers as the due diligence takes too much time

Published Wed, Aug 19, 2015 · 09:50 PM
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Beijing

WHEN Kong Sun Holdings Ltd went looking for money to build a small-scale solar-power plant in Inner Mongolia, large banks weren't interested.

The Hong Kong-listed developer of solar projects instead headed online and got a finance-lease credit line. The one billion yuan (S$219.6 million) loan from the Internet investment platform called Solarbao.com covered a 10-megawatt unit.

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