CDB actively supports distributed photovoltaic power generation project financing

The relevant person in charge of the China Development Bank said at the financing promotion meeting of the distributed photovoltaic power generation demonstration zone on the 17th that CDB actively provided diversified credit product support for eligible investors of all types of distributed photovoltaic power generation projects and promoted distributed photovoltaic power generation. Healthy development of the industry. Simultaneously...
The relevant person in charge of the China Development Bank said at the Financing Promotion Conference of the Distributed Photovoltaic Power Demonstration Zone on the 17th that CDB actively provided diversified credit product support for eligible investors of all types of distributed photovoltaic power generation projects and promoted the distributed photovoltaic power generation industry. healthy growth. At the same time, it will focus on supporting new energy demonstration cities, green energy counties, distributed photovoltaic power generation application demonstration zones, etc., to carry out financial services, guarantee the scale of credit funds, and establish and improve the distributed photovoltaic power generation loan risk management system.

Experts and industry insiders analyzed that with the research and introduction of relevant policies such as photovoltaic subsidies and financial credit support, it is expected that the integration of the photovoltaic industry will accelerate and the trend of concentration will gradually increase.

Proposed extension of loan term

A number of banking industry insiders said that due to the downturn in the photovoltaic industry in the past year or two, a considerable portion of loans issued by banks are difficult to recover. This year, banks have been cautious about lending to the photovoltaic industry.

According to industry insiders, the interest rates currently offered by banks to PV companies are generally high, and the threshold for loans is also high. In general, PV companies are required to provide additional equal guarantees when applying for bank loans. At present, only a few banks can provide long-term loans of 10 years or more, and most banks can provide loans for a maximum of 5 years, which does not match the 25-year operating period of PV power plants. In this regard, many PV industry insiders said that they hope that the future policy will allow banks to extend the loan period of the PV industry appropriately, especially to minimize the financing cost of large-scale development of distributed PV projects by private enterprises.

Bankers said that at present, only a few banks, such as China Development Bank, are “big households” involved in the PV industry. A credit department of a joint-stock bank said that although the current PV industry policy continues to improve, it still needs to wait for the strategic arrangement of the head office.

In 2010-2012, the growth rate of CDB's photovoltaic power generation loans reached 135%. As of the end of August this year, CDB has issued a total of 48.1 billion yuan in photovoltaic power generation loans. Among them, the loan balance of supporting photovoltaic equipment projects for upstream equipment manufacturing enterprises reached 19 billion yuan, accounting for 46% of the total balance of photovoltaic power generation loans. According to relevant persons from China Development Bank, the installed capacity of domestic photovoltaic power generation supported by CDB loans accounts for more than 60% of China's large-scale grid-connected PV installations, while supporting domestic manufacturing enterprises' “going out” projects of 728,000 kilowatts, expanding the international manufacturing enterprises. Market space.

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