Monday, 6 February 2017

JA Solar announces milestone as first PV manufacturer to get buyer's credit insurance from SINOSURE



JA Solar PV modules
JA Solar Holdings Co., Ltd. (Beijing, China) on February 6th, 2017 announced that China Export & Credit Insurance Corporation (SINOSURE) provided export buyer's credit insurance to export around 300 MW JA Solar photovoltaic (PV) modules for a project developed by the multinational energy company ENEL S.p.A. (ENEL, Rome, Italy) in Brazil. The total amount insured was USD 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.
“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,” comments Jian Xie, President of JA Solar. 
source: http://www.solarserver.com

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